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May 15 Deadline Approaches for Medicare Rx Drug
Plan Sign Up
Opinion Editorial by
Congressman Paul Ryan
May 2006
If you think you might be interested in
enrolling in the new Medicare prescription drug benefit but have not yet gotten
around to it, now is the time to call Medicare for the information and
assistance that can help as you make your decision. Under current law, seniors
must sign up by the May 15 enrollment deadline in order to save the most under
the Medicare drug benefit and avoid paying a late enrollment penalty.
More than 30 million Medicare beneficiaries are
now receiving prescription drug coverage, and a great many are reporting
significant savings on their drug costs. Last month, AARP released a survey
showing that nearly 80 percent of the people enrolled in a Medicare drug plan
say they are satisfied.
Furthermore, as the different prescription drug
plans compete for seniors' business, it is driving costs down for seniors and
taxpayers. Originally, it was estimated that those with Medicare prescription
drug coverage would pay an average of $37 per month for their premiums, but due
to competition among the plans, the nation's seniors are paying an average
premium of $25 per month.
Wisconsin seniors now have many options to help
pay for their prescription medications. Those who are happy with their current
coverage can keep it. On the other hand, those who lack coverage have the
ability to select from 45 plans under the Medicare drug benefit and pick the one
that best fits their needs. Medicare beneficiaries or family members with
questions about the Medicare prescription drug benefit can call 1-800-MEDICARE
or visit http://www.medicare.gov.
Senior centers, the AARP, and pharmacists can also provide assistance.
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