Friday, September 28, 2007

CMS announces 2008 Part C and Part D plans ("landscapes", as it likes to call them)CMS Announces 2008 Part D Plan Options…

HHS Secretary Mike Leavitt announced today that more than 90 percent of Medicare beneficiaries in a stand-alone Part D prescription drug plan (PDP) will have access to at least one plan in 2008 with premiums lower than they are paying this year. The open enrollment period for 2008 begins Nov. 15th and ends Dec. 31st and in every state, beneficiaries will have access to at least one prescription drug plan with premiums of less than $20 a month, and a choice of at least five plans with premiums of less than $25 a month.  Please click here for a list of state-by-state fact sheets. 

Seventeen organizations will offer stand-alone prescription drug plans nationwide (in all 50 states plus  Washington DC)  and beneficiaries will continue to have choices of plans with zero deductibles and other enhanced benefits, such as reduced deductibles and lower cost sharing.  There also are options that cover generic drugs in the coverage gap for as low as $28.70 a month; nationwide, beneficiaries in any state can obtain such a plan for under $50 a month. The national average monthly premium for the basic Medicare drug benefit in 2008 is projected to be roughly $25.  Please click here for a list of 2008 plan options, containing plan names and limited plan cost information.  The enhanced plan finder tool will be available on the web by mid-October.

 

Get the skinny for your state at

http://www.cms.hhs.gov/PrescriptionDrugCovGenIn/

https://lawprofessors.typepad.com/elder_law/2007/09/cms-announces-2.html

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