Last week, a study was released by Avalere Health indicating a 16% average increase in the cost of monthly premiums for prescription medications of Medicare beneficiaries. The study was based on the ten largest prescription drug plans in the country which provide coverage for approximately 75% of all Part D-enrolled beneficiaries. While four of these plans reduced premiums this year, six increased substantially enough to drive the cost of monthly premiums up to $26.39. This is a major concern for beneficiaries, most of whom live on a fixed income and cannot afford even the slightest increase without a matching increase in income.
Medicare beneficiaries can switch to a different Part D plan during the open enrollment period of November 15 through December 31, 2008.
Although rising Part D premiums are out of a claimant/plaintiff’s control, MEDVAL’s services include ways to stretch Medicare Set-Aside (MSA) dollars that save both the recipient and the carrier thousands of dollars.
For more information about our services, including prescription drug savings, contact us today.
MEDVAL 1-888-SET-ASIDE (1-888-738-2743)
Medicare Set-Aside Allocation/Arrangement Recommendations
Submissions to Centers for Medicare and Medicaid Services
Pharmacy Benefit Management
CMS MSAs medicare set-aside arrangements Turbo Tagger