Is a prescription plan right for everyone on medicare?

As seniors we have many decisions to consider. One such decision is whether or not to participate in "Part D" of medicare. It makes us a little crazy during "Open Enrollment"!

Only you know your health habits. Though we don't have a crystal ball we can pretty much know whether or not we are prone to prescriptions.

Questons you may want to ask yourself are:

1. What is the cost of my drugs if any?

2. Are they generic?

3. How much is the premium for an Rx plan?

4. What are the co-pays for each Rx?

Penalties will apply at 1% per month of the average national premium cost for every month not enrolled. THOUGHT! How many months of penalties will it take to be upside down? For example: Three years savings of $1,728 by not purchasing a PDP plan.

Although PDP (prescription drug plan)  is part of the "Advantage Plan" family you will not necessarily be disenrolled from medicare when participating in a plan offerred by any insurance company.

However, there are always extenuating circumstances regarding advantage plans. Be cautions when entertaining these "Advantage Plans". If you have a PFFS, HMO, PPO or other alternative to original medicare it's important to understand how they work. You could end up spending more out of pocket than a year of premiums for standard medicare supplement.

This is Billie Jo Cravello. I can help you, Call me at 928-7372

Cravello Insurance Services
411 E. Betteravia Road., Ste. 102 Santa Maria, CA 93454

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