A Few of Our
Heath Reform and Medicare Part D
There are a variety of changes being made to Medicare Part D as a component of the Affordable Care Act of 2010. These changes may result in fewer options and premium increases, but they may also include discounts on brand-name and generic drugs.
We Can Help You Make Sense of Medicare Part D under Health Reform
Making sense of the changes to Medicare Part D under health reform may seem difficult at first, but we at PartD-Medicare.com can help. One thing you should know: You should take advantage of open enrollment when it’s available (this generally occurs from November to December of every year). A study by the Robert Wood Johnson Foundation discovered that only about 10% of Medicare Part D participants change their plans each year.
Health Reform encourages insurers to do away with duplicated plans that have low enrollment. What will inevitably result is that fewer prescription drug plans will be available in 2011 when compared to 2010. In fact, Utah’s amount of available prescription drugs will be about 35 in 2011, which is about a 27% reduction from the 48 plans that were available in 2010.
The good news is that health reform includes a 50% discount on a formulary’s brand-name drugs when you land in the coverage gap (also known as the ‘donut hole’). Over time, seniors may see additional benefits provided to them under health reform; for example, the Affordable Care Act plans to do away with the prescription drug donut hole by 2014.