You Decide If This New Program Is Right for You
No one has to take part, but if you have no coverage for your medicines now, and do not sign up during your initial enrollment period, you may pay higher premiums if you enroll later on.
If you have coverage through a retiree plan, your spouse's work, a union, or other program you may keep that if you wish.
You Will Have a Choice of Plans
Medicare is working to give you a choice among many plans. These will be offered by private companies approved by Medicare. Some plans may offer drug coverage combined with other health care services. These are called Medicare Advantage Plans.
You May Have To Pay a Monthly Premium for This Program
The exact cost will depend on which plan you choose. People with limited resources may receive help paying their monthly premium.
Every Plan Must Have Benefits That Are the Same or Better Than A Standard Set By Medicare
Under Medicare's standard, beneficiaries will pay the first $250 of drug costs each year. You will pay between 5% and 25% of costs after that depending on your individual amount of annual drug spending.
People with Low Income Are Protected By Extra Benefits
If you qualify you will pay no (or reduced) premiums and very small co-payments for your medicines.
For more information on plans available in your area visit www.medicare.gov.
Return to the Main Page
|
