Medicare Drug Plans Offer Premiums of $20 Per Month or Less Lower Deductibles, Enhanced Coverage Also Available

Medicare beneficiaries all over the country will be able to choose prescription drug coverage that will cost less than originally expected, including plans with premiums of $20 per month or less. Options will also include plans offering zero deductibles or deductibles lower than $250 annually, and plans that provide some coverage in addition to the "standard" Medicare drug benefit.

"Choice and competition among prescription drug plans is working to reduce premiums across the country making the drug benefit even more affordable for seniors and other Medicare beneficiaries," HHS Secretary Mike Leavitt said. "For just $20 or $30 per month, seniors will be able to get a Medicare-approved prescription drug plan that will provide real help and protect their life savings from ever being eroded by high prescription drug costs."

Earlier this month, the Centers for Medicare & Medicaid Services (CMS) estimated that the national average monthly premium for coverage equivalent to the Medicare standard coverage would be $32.20. The reviews of the drug plans by CMS, which are nearing completion, show that Medicare beneficiaries will be able to choose lower cost options and options with coverage in addition to Medicare's standard plan ...

Read the full story at:

U.S. Department of Health & Human Services

~ : ~ : ~ : ~ : ~ : ~ : ~

Read our article on:

How to Find Affordable Pennsylvania Health Insurance