User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


19° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Medicare Part D Deadline Around The Corner

December 29, 2010, 6:10 PM by Kelli Grant

Medicare Part D Deadline Around The Corner
SIOUX FALLS, SD - Thanks to the hustle and bustle of the holidays, over the next few days seniors could be scrambling to figure out which Medicare coverage plan will meet their needs in 2011.

It pays to make sure you make a wise decision because it could save you hundreds of dollars.

In just two days those 65 and older will see changes in their prescription drug coverage, that is if they choose a new plan. If not, their 2010 election will just roll over.

And that could be good or bad.

“They'll still have coverage, but they may not save the money they have been this year. You know it could cost them more next year. So it really does pay to go ahead and take a look and make sure the plan makes the most sense for each beneficiary,” Sarah Jennings with South Dakota AARP said.

To enroll you must be 65-years-old. Jennings says that means over 135,000 South Dakota seniors qualify for Medicare Part D coverage.

“The Part D program really has saved people money but this is the time where you gotta look and make sure that even if their prescription drugs haven't changed at all, they need to make sure that the plan they're on is still the right one for them because the plans can change every year,” Jennings said.

There are 30 plans to choose from, which is actually fewer than last year. That's the bad news. The good news is seniors who fall into what's called the doughnut hole, where you no longer get help paying for drugs, will save money in the coming year.

“In 2010, if you would have been a person who was unfortunately in the doughnut hole for your prescription drug coverage, you paid about $4,550 plus your premiums before you got out of that donut hole and had that catastrophic coverage kick in,” Jennings said.

But thanks to the Affordable Health Care Act, seniors with a gap in coverage will only pay about $2,700 plus premiums next year.

And when they hit that gap, instead of paying 100 percent of drug costs, they'll receive a 50 percent reduction for brand name drugs and a 7 percent reduction on generic.

Re-enroll here.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

You may also like

Dominic Fischer Found Dead During Search

12/17/2014 12:07 PM

Searchers discovered the body of Dominic Fischer in a field on Wednesday.

Full Story
Alexis Vanbochove Has Passed Away

12/17/2014 10:47 AM

According to her family, 4-year-old Alexis Vanbochove passed away early Wednesday morning.

Full Story
Grain Bin Collapses In Britton

12/14/2014 5:55 PM

A grain bin in Britton, SD collapsed this afternoon. No one was injured.

Full Story
A Super Hero Send-Off

12/11/2014 10:05 PM

Most of us don't have any idea how long we have to live and that may be a good thing. But a Sioux Falls seventh grader knows his days are num...

Full Story | Watch
Don't Jerk And Drive Campaign Pulled

12/11/2014 8:51 PM

A new ad campaign aimed at keeping drivers safe on South Dakota roads, received a bigger negative response than expected.

Full Story


Events