Medicare Nation

It's annual enrollment time and I know that the prescription drug coverage options can be confusing.  So, today I wanted to try to clarify what you need to look for in the best drug coverage plan for you. Original Medicare requires a stand alone plan for prescription drugs. These plans are a pain, and that’s exactly why this episode exists.   Do not be loyal to any particular drug plan.  You want the plan with the least out of pocket expense, and the ones that carry your drugs. You will pay a monthly premium, either a lower ($16-18 to $30-35) premium and then a higher deductible.  Or you can have a high premium (up to $180 monthly) and then almost no deductible. 3.  Make sure your particular drugs are on the plan before you commit to any plan.  This list is always changing and you have to double check it from year to year.   If you have several drugs, you could easily meet your deductible in the first month of the new year. It is important to do the math and see what your overall out of pocket expenses are