Seniors must act fast or pay the price
Only a few days before the deadline, Larry Mayer still can not decide what to do: If it is for the new Medicare drug program and pay almost $ 800 more per year for his medication?
Or should he keep buying drugs from Canada and Sam’s Club and the risk of paying a penalty if his situation changes and we need the program later?
More than 6 million Americans angry face similar decisions such as the program by the deadline of registration on May 15 approaches.
This is the first time Medicare pays for prescription drugs, an important and expensive treatment for most elderly, and the greatest expansion of government health plan in more than 40 years. But now, the elderly, in order to connect a rise of combat.
As Mayer, a large number of people are surprised by the complexity of the disease-drug benefit, which is managed by dozens of private companies. And like him, she weighs the cost of membership benefits to worry about pain and financial assistance for people not to register in time. The fine is 1 percent of an average monthly drug plan subsidy.
In addition, drug trafficking, critic of the program say that this is sufficient reason for daring to jump.
“Choose a plan now and avoid the penalty,” said Vicki Gottlich, a senior lawyer with the Center for Medicare Advocacy. “Insurance is important. They obtain auto insurance and we hope that you’ll never be an accident. Thus, drugs, insurance, even if you hope you do not need. ”
To obtain a drug, members say they agree to pay monthly contributions, regardless of benefits.
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