subject: Medicare Part D Donut Hole-Donut Hole Medicare Part D [print this page] Medicare Part D Donut Hole-Donut Hole Medicare Part D
Medicare Part D Donut Hole
Are you concerned about all you hear about the Medicare Part D donut hole, but not clear on what it's all about?
Medicare only covers annual prescription costs up to $2,700, and then you have to pay for all of your prescriptions. Once you reach $6,100 in prescription costs in that year, Medicare will start paying for your prescriptions again.
Don't wait to fall into the Medicare Part D donut hole. The smarter you shop long before you get close to losing coverage, the longer you delay losing your prescription benefits. You may even cut costs enough that the donut hole never threatens you.
There are things you can do to stop the Medicare Part D donut hole from reaching you. Find the best local price on your prescriptions. Do a Google search for Rx Wizard and click on Prescription Pricing. On the Rx Wizard website, enter your zip code, your medicines and the quantity you want.
In 2010, Medicare pays you $250 if you are in the donut hole. Starting in 2011, prescription costs in the donut hole will be cut in half. But that is still expensive. There are also other ways that you can cut your prescription costs. You can sign up for Medicare Part D Supplemental Insurance that will greatly reduce your costs, you can look for volume discounts and global prescription suppliers at a steep discount with the same quality you can get in the U.S.
If you would like to save up to 75% on your prescriptions, get MediGap Advisors free Prescription Discount Card at www.MediGapAdvisors.com/member-benefits-rx.htm. Download, print and cut out this card to use at more than 54,000 national and regional pharmacies for savings of up to 75 percent.
For more cost cutting solutions pick up a copy of "Medicare Consumers Report" www.MyMedigapReport.com or call 1-866-681-7712 and ask for your free copy today.
