Category: Prescription Costs

Getting to Know Your Part D Plan’s Drug List

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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Managing the Cost of Chronic Conditions

Controlling expenses when you have a long-term illness

Retirees are living longer than ever, and the odds of being diagnosed with a chronic condition, such as hypertension or diabetes, increase with age. (more…)

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Understanding Your Future Self in Building a Personal Health Plan

Raise the odds of being in good physical and financial health later in life

In 2010, the stark reality of Americans’ widespread lack of retirement savings hit home with a dramatic survey. Its headline-grabbing finding: “Americans fear outliving their money more than they fear death.” Among people aged 44 to 49, more than three out of four feared running out of money more than dying; that figure rose to 82% if the respondents were married with children. (more…)

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Saving Money by Using a Preferred Pharmacy

Finding cost savings by choosing the right pharmacy

When you enroll in a Medicare Part D plan, the plan will offer a network of pharmacies where you can fill your prescriptions. Plans partner with many different types of pharmacies — independent community pharmacies, chain drug stores, grocery stores and major retailers — to offer enrollees choice and convenience when filling a prescription. (more…)

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Healthcare Reform and Medicare: Navigating a Changing Landscape

The Affordable Care Act and Medicare Part D

Confused about how healthcare reform will impact your Medicare coverage? You’re not alone. According to our 2013 survey, many retirees have misconceptions about reform and Medicare. These misconceptions could lead to low Medicare enrollment and poor health decisions.

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Cutting Costs in Retirement

Selecting the right Medicare Part D prescription drug plan (PDP) will save you money.

Selecting the right Medicare Part D prescription drug plan (PDP) will save you money. The choices you make once you’ve enrolled in a plan can also lower your costs. There are simple shortcuts you can take that will help you save on your pharmacy costs in retirement. (more…)

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