Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Help - I need a primer on Medicare drug plans
Old 10-26-2010, 10:27 AM   #1
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: New York
Posts: 898
Help - I need a primer on Medicare drug plans

Hi All! Long time no see!

I need some help with something - my elderly father's prescription drug plan is being phased out at the end of the year. I volunteered to research a suitable replacement.


I don't know much about this, I paid only a little attention to the details when Part D was being passed a few years back, and I've heard about the very unpopular (with Seniors anyway) 'donut hole'.

But I really don't know much about what is or isn't covered, and what one needs insurance for.


Can anyone point me to a good primer on the internet somewhere?

Also, does the recent health care legislation affect this?


Thanks in advance.
__________________

__________________
Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-26-2010, 11:19 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
Lots of information from AARP here:

Health News - Fitness Tips, Health Care Debate, Alzheimer's, Medicare Issues & Healthy Living - AARP
__________________

__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 10-27-2010, 08:11 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by Maurice View Post
Can anyone point me to a good primer on the internet somewhere?
Lots of data here:

Medicare Rights Center - Home

Be sure to sign up for the "Dear Marci" newsletter at Medicare Rights Center - Dear Marci
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 10-27-2010, 08:50 AM   #4
Thinks s/he gets paid by the post
FIRE'd@51's Avatar
 
Join Date: Aug 2006
Posts: 2,315
On Medicare.gov, there is a neat LP which compares all the Part D plans in his state and sorts them in terms of overall cost (premium, deductible, copays, etc) for the drugs he is taking. I would urge you to run his list of prescriptions through this program and then manually check more carefully the "optimal" ones it picks.
__________________
I'd rather be governed by the first one hundred names in the telephone book than the Harvard faculty - William F. Buckley
FIRE'd@51 is offline   Reply With Quote
Old 10-28-2010, 10:13 AM   #5
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: New York
Posts: 898
Great info, thanks folks.
__________________
Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote
Old 10-28-2010, 12:42 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
This may be useful, also:

Walmart Joins Humana to Offer $14.50 National Medicare Drug Plan: Lowest in 50 States
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 11-02-2010, 05:12 AM   #7
Confused about dryer sheets
 
Join Date: Nov 2010
Location: new york
Posts: 1
this is really a informative and helpful forum and provide complete information about drugs ...thanks for sharing with us.
__________________
annie89 is offline   Reply With Quote
Old 11-02-2010, 08:26 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,161
In addition to the good advice given in previous posts, I do something to further my own cause. Both DW and I have Medicare Advantage plans that include prescription drugs and we approach the donut hole every year. To keep away from reaching the donut hole, we avoid our drug plan whenever possible. We buy some drugs from the WalMart generic plan that offers them for $10 to $14 for 90 day supply. I buy Plavix from a mail order Canadian drug company where you can get the generic version which is still not available in the US. Still, most prescription drugs are ordered from our mail order drug plan. You have to play all the angles to avoid the donut hole where you start paying 100% of the cost of the drug.
__________________

__________________
JOHNNIE36 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Medicare Dental Plans? Orchidflower Health and Early Retirement 10 05-23-2009 06:19 AM
Medicare solvency and its impact on FIRE plans Maurice FIRE and Money 11 10-29-2007 10:14 AM
Medicare RX Prescription Drug Plans (Part D) modhatter Health and Early Retirement 1 03-22-2007 03:15 PM
Prescription drug plans with medicare modhatter Life after FIRE 2 03-09-2007 07:43 PM

 

 
All times are GMT -6. The time now is 12:57 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.