|
Making an Informed Decision - Medicare Part D
As you are aware the registration for the Medicare Part D began November 15th we thought that we
should share with you some facts and insights to assist you with your decision.
Facts:
Private Insurance Plan:
You will need to choose a private insurance plan within your state and will need to consider:
- Monthly Premiums and Drug Cost once you choose an insurance company they have the option
at any time with 60 day notice; however, you are still locked in for the full term of your contact.
- Drug Coverage - not all drugs are covered, this will be very important if you are a couple,
cross check to make sure both of your medication are included.
- Drug Exclusion - some drugs are excluded from the program, you will need to clarify this with
the private insurance plan.
- Generic Substitution - with some plans you will automatically be given the generic versus
the brand, you will not have a choice.
- No Choice of Pharmacy - you will not have a choice on which Pharmacy you would like to use.
Some plans they will restrict the quantity, meaning you will receive a 30 day supply versus a 90 day
supply - a monthly trip to the pharmacy.
How much it will cost you:
| Monthly Premiums |
$444.00 $37.00 per month* |
| Annual Deductible |
$250.00 - you pay the first $250 dollars |
| Out of Pocket: |
$694.00 Annual Cost |
| |
| 25% Co-insurance up to $2,250 |
$500.00 of the $2,250 |
| You pay the $500.00 |
|
| |
| |
| You pay the full cost of RX drugs between |
$2,250 to $5,100 |
| This is the coverage gap of $2,850 that is not covered |
Before you decide to lock yourself into the Medicare program, we encourage you to carefully considerate all of
the facts. Majority of our customers will fall into the category where it just doesn't make financial sense.
Canadian Online Pharmacy:
If you would like to look at the option of using a Canadian Online Pharmacy there are many benefits to this
choice. Maybe you can consider a "combination" of both of these choices such as:
- Purchasing those drugs not covered by your insurance plan saving you additional dollars.
- Coverage Gap - if you think that you will not go beyond the $5,100, you can choose to use a Canadian
Online Pharmacy for the coverage gap of $2,850 that is not covered.
- If you feel that you will reach the $5,100 catastrophic level then the Medicare program might be the
right decision for you. However, you will be required to spend $3,500 out of pocket before you
qualify for this coverage.
Some Benefits when considering a Canadian Online Pharmacy:
Benefits:
- No Deductibles, no monthly premiums, no contract
- Automatic Savings up to 42% immediately on your prescription medications.
- Automatic 70% savings on generics (some that are not available in the US).
- Safe, Reliable Licensed Pharmacy with quality medications
- Your choice on generic or brand medications - full selection of all your medications needs - nothing is excluded
- 90 day supply conveniently shipped directly to your home, you don't have to go to the pharmacy every month.
- Convenient ordering, online or through the call centre
- Pharmacist available to answer any questions you may have regarding your medication.
- No hassle, no forms, no confusion
|
