One of the real advantages of the Medicare Advantage program is the flexibility of the Part D prescription drug coverage. However the choice for a real savings advantage truly only exists if you should happen to already have prescription drug coverage through private health insurance like Medigap, or through your employer or former employer’s health plan.
Aside from that the only choice you have is how much of a co-pay you want to saddle yourself with and how much more money do you want to donate every month to keep the pharmaceutical companies in business via the insurance providers deals with these big-pharma giants. The annual deductible is now hovering around $300 and that’s not a choice for you, its a fixed decision you make automatically with Medicare Part D.
This monthly fee is deducted right out of your Social Security Check for your convenience? And they will keep taking out the difference until an amount of approximately $2,830 is reached. At that time they will stop taking your money since then you will be paying 100% of your prescription costs until you reach the catastrophic limit (those are U.S. Government words) at which time the coverage will come back to you in the form of 95% cost coverage of what you will spend, once you have spent $4,550 in out-of-pocket costs first of course, and that is over and above the never ending basic monthly fee. Its getting expensive to grow old in this country.