Medicare Approved

Washington, D.C., Nov 18, 2005 -

I have some exciting news to report – if you have not done so already, you can begin signing up for the new, voluntary, Medicare Prescription Drug Benefit.  For the first time in history, every senior in America has access to affordable prescription drug assistance. 

Since November 15, 2005, if you are eligible for Medicare, you can sign up for prescription drug assistance.  Under the Standard Plan, anyone making more than $14,355 (if you are single) or $19,245 (as a married couple) can enroll for less than $30 per month.  In return, Medicare will cover 75% of your prescription drug costs between $250 and $2,250.  Medicare will even cover 95% of your catastrophic prescription drug costs, once they reach $3,600.  

If you make less than $ 14,355 (if you are single) or $19,245 (as a married couple), Medicare will offer additional help with your prescription drug costs.  The premiums will be lower, the co-payments are reduced, and you will have no gap in coverage.  If Medicaid already covers your prescription drugs, the new benefit will automatically pay for your prescriptions. 

This benefit is completely voluntary – if you already have comparable prescription drug coverage from an employer, you can keep it.  Also, you have until May 16, 2006, to join.  However, if you do not have prescription drug coverage and you do not join by that date, you will be penalized a small amount for every month you delay.  For 2006, the penalty is an additional $3.20 per month.  You will pay this penalty for as long as you stay in the program. 

I encourage you to take the time to look through the 19 plans available in Florida.  This new voluntary benefit is estimated to save seniors up to half of the costs on your prescription drugs.  I am excited about the new Medicare Prescription Drug Benefit, but recognize you will have many questions.  Please contact the Medicare offices at 800-MEDICARE or visit www.medicare.gov.  You may also contact a local SHINE representative at 800-262-2243.

It is an honor and privilege to serve my constituents of the 5^th District of Florida.  If you have any questions regarding the Medicare Prescription Drug Benefit, my staff is available at 866-GWAITE5.  Please also visit my website at www.house.gov/brown-waite for more information.