Wednesday, April 26, 2006

Medicare to Limit Insurers to Two Part D Plans in 2007

From the NAELA Weekly Newsletter:

The U. S. Centers for Medicare & Medicaid Services issued a fact sheet on April 3 outlining quality improvements proposed for the Medicare prescription drug plan in 2007 that says insurance companies will be limited to two plans, unless offering plans that fill coverage gaps in the drug benefit. Insurers were allowed to offer three plans this year, but some beneficiaries have been overwhelmed by the number of choices, CMS Administrator Mark McClellan said. He said the two-plan limit should help simplify the drug benefit. "Two plans should be sufficient," he said. However, some insurers offering plans that fill coverage gaps in the drug benefit might be allowed to offer three plans, McClellan said.

Source: Senior Journal.com (4 Apr 2006)
Full story: http://www.seniorjournal.com/NEWS/MedicareDrugCards/6-04-04-MedicareTargets.htm

      

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