pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
So RetMD21's post in the My "Best" Medigap options thread with a link to the Medicare Plan comparison tool caused me to do a quick compare of our Part D options for 2024, fully expecting that our current plan would still be the best option because it was when I did the same comparison last year.
For 2023 we have SilverScript SmartSaver (PDP) plan that has an $8.40/month premium (vs $7.70/month in 2022) and estimated drug and premium cost of $118.78 for the year 2023. That was the lowest cost plan avaiable in 2023 and covered all my prescriptions.
For 2024, this SilverScript SmartSaver (PDP) increases to $13.30/month (58% increase!) and has estimated drug and premium cost of $159.60 for the year. For 2024 SilverScript SmartSaver (PDP) is the second lowest cost plan.
For 2024 the Wellcare Value Script (PDP) plan is the lowest cost plan with a $0 premium and $0 estimated drug and premium cost. In 2023 the same plan (same plan name and number S4802-146-0) had a $11.20/month premium and a $149.40 estimated annual drug and premium cost and was the second lowest cost plan.
So I'm mulling changing to the $0 cost plan and saving an estimated $159.60 in 2024, but am wondering... what is the catch? And why is it $0 for 2024 and was $11.20/month in 2023?
The incumbent SilverScript SmartSaver (PDP) has 3 stars and the challenger Wellcare Value Script (PDP) has 3-1/2 stars.
Thoughts? (other than why I would start a thread to save $159.60? )
What's the catch?
For 2023 we have SilverScript SmartSaver (PDP) plan that has an $8.40/month premium (vs $7.70/month in 2022) and estimated drug and premium cost of $118.78 for the year 2023. That was the lowest cost plan avaiable in 2023 and covered all my prescriptions.
For 2024, this SilverScript SmartSaver (PDP) increases to $13.30/month (58% increase!) and has estimated drug and premium cost of $159.60 for the year. For 2024 SilverScript SmartSaver (PDP) is the second lowest cost plan.
For 2024 the Wellcare Value Script (PDP) plan is the lowest cost plan with a $0 premium and $0 estimated drug and premium cost. In 2023 the same plan (same plan name and number S4802-146-0) had a $11.20/month premium and a $149.40 estimated annual drug and premium cost and was the second lowest cost plan.
So I'm mulling changing to the $0 cost plan and saving an estimated $159.60 in 2024, but am wondering... what is the catch? And why is it $0 for 2024 and was $11.20/month in 2023?
The incumbent SilverScript SmartSaver (PDP) has 3 stars and the challenger Wellcare Value Script (PDP) has 3-1/2 stars.
Thoughts? (other than why I would start a thread to save $159.60? )
What's the catch?