Handout: Medicare D
Handout: Medicare D
Prepared by Helen Chen, MD, Anna Chang MD, and Bree Johnston, MD
For more information about Medicare Part D, check out
[pic]
Reprinted with permission
Mrs. J’s monthly actual drug cost is $672 (not including her OTC meds). Her annual cost for OTC meds is $180. Her current annual drug cost is $8244.
Basic Medicare D plan:
• $250 deductible
• $32/month average premium
• No coverage for OTCs
No coverage in donut hole: pt is liable for all of drug costs up to maximum of $3600 in TROOP
Plan |A: Deductible? |B: Premiums |C. Pre-coverage gap co-pays or coinsurance (25% on basic plan) |TROOP pre-donut hole:
A+C |D: Cost in donut hole |Time in donut hole (until
TROOP = $3600, ie
A + C + D) |Time in catastrophic coverage |E: Post-donut hole costs |Total costs#: A+B+C+D+E |Potential annual savings | |Basic |$250 |$384
(32 x 12) |$500
Time pre-donut hole:
3.34 months |$750 |$2850 |4.24 months
(2850/672) |4.42 months |$148.51 |$4132.51 |$3931.49 | |Blue Cross Medicare Rx Gold |None |$408 |Time pre-donut hole: 3.34 months
129 x 3.34:
$430.86 |$430.86 |$3169.14 |4.71 months
(3169.14/672) |3.95
months |$509.55
(monthly co-pay x 3.95) |$4517.55 |$3546.45 | |AARP Medicare Rx |$250 |$117.60 |$136 x 3.34: 420.84 |$670.84 |$2929.16 |4.35 months (2929.16/672) |4.31 months |$586.16 |$4303.76 |$3760.24 | |*Costs are only estimates as plans handle months with partial coverage differently—some plans may elect to finish out the month of coverage even if the beneficiary technically would be in or out of the coverage gap.
#Does not include the out of pocket costs for her OTC meds, which are the same under each plan.
BOTTOM LINE: WIth any MEdICARE D PLAN SHE SPENDS ABOUT $4000-4500/year on prescription drugs, so she saves $3500-3900. the cheapest plans may not be those with the lowest premiums or no deductibles.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- aarp medicarerx enhanced pdp
- recertifcation answer key medicare prescription drug
- handout medicare d
- medical medicare supplement benefit summary
- medicare choice and medicare beneficiaries
- fax cover sheet contemporary design
- description princeton hr solutions
- preserving and strengthening medicare prescription drug
- insurance overview healthcare insurance
Related searches
- medicare part d drug formulary
- medicare part d prescription plans
- medicare part d formulary drug list 2019
- aarp medicare part d plans
- aarp medicare part d formulary
- medicare part d formulary list
- medicare part a b c d explained
- medicare part d plans comparisons
- medicare part d form pdf
- medicare part d plans
- medicare part d covered medication list
- medicare part d approved medications