tag:blogger.com,1999:blog-4051483281077827458.post2648573997577943856..comments2024-03-24T14:37:15.634-07:00Comments on Sheridan Express: Medicare prescription drug premiums to remain steady for third straight yearEditorhttp://www.blogger.com/profile/14439767983508326927noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4051483281077827458.post-871165793127073282012-08-09T17:04:44.959-07:002012-08-09T17:04:44.959-07:00In many cases the premium and the copay for these ...In many cases the premium and the copay for these plans add up to far more than if the patient would pay without this Prescription Drug Coverage.<br /><br />If you insist on generics only and pay the $4 copay, which is the same with insurance, you will save the amount of the premium, which is at least $360 per year plus the deductible that is on almost all of the basic plans in that price range. <br /><br />This program only helps those on lots of brand name medications. The penalties for not having a PDP plan are so minimal that if you ever sign up for a plan the extra cost is far less than the money you saved by not having a plan at all. <br /><br />Not mentioned are the high copays for brand name drugs, an initial deductible of a few hundred dollars, and the overall cost of having a plan vs. not having a plan for most people.<br /><br />It is very difficult to make an informed decision because those selling it are not allowed to compare plans and sell you what is the best plan for your individual situation. The govt has a website where you can compare plans ( medicare.gov ) but many seniors are not computer or internet savvy, and the salesmen and insurance companies cannot tell you what is best for you. A very costly and for most a very useless program that costs the government a huge amount of money.<br /><br />Beware and be aware.Retirement Solutionshttps://www.blogger.com/profile/16699486538048450248noreply@blogger.com