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Article: What does the new Medicare drug benefit mean for you?(Focus: year-end wrap up: health care and benefits * insurance education * training and placement services)
- Article from:
- Westchester County Business Journal
- Article date:
- December 15, 2003
CopyrightCOPYRIGHT 2003 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Interim discount card. From spring 2004 through 2005, beneficiaries can buy a card (for about $30) estimated to shave 10 percent to 15 percent off drug prices at the pharmacy.
Interim low-income help. People with incomes below $12,390 ($16,720 for couples) in 2004 will each get $600 a year on the card.
Coverage choice. From January 2006 beneficiaries can choose to (a) stay in traditional Medicare, a current Medicare HMO or a retiree plan without signing up for the drug benefit; (b) stay in traditional Medicare and enroll in a standalone drug plan; (c) enroll in a private health plan that offers drug coverage and Medicare health services.
Drug ...