Category: Healthcare Costs
Medicare Prescription Drug Plans Vary by Hundreds of Dollars Per Year
Let’s face it – No matter how many times experts recommend that we reevaluate our Medicare Part D plan each year, many of us don’t!
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What Medications Are Not Covered by Medicare Part D
A plan’s drug list or “formulary” is an important consideration when choosing your Part D coverage. The drug list changes each year depending on the rules and guidelines released by the Centers for Medicare & Medicaid Services (CMS) which prescription drug plans (Part D) and Medicare Advantage Plans must follow. These formulary guidelines state that plans must base their decisions on scientific evidence and well-established guidelines to cover today’s most widely used medications. This ensures that beneficiaries like you will be covered by the most commonly used and effective medications available to protect your health. (more…)
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Making the most of your tax return
Let’s face it; putting together your tax return is not something you look forward to. If you’re like most people on a fixed income, you’ve probably gotten into the habit of claiming the standard deduction because you receive a larger standard deduction on your taxes if you’re over 65 and/or blind. Depending on your expenses, mainly medical expenses, you might want to consider itemizing your deductions instead.
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