 |
Personal Finance | |
| Consumer Education | ||
| Home | > Medicare | |
MEDICARE PART D: PRESCRIPTION DRUG INSURANCE
Personalized Prescription Drug Plan — for YOU!
There are 53 stand-alone Medicare Part D prescription plans offered by 23 vendors in our seven-state region ( Wyoming , Montana , North Dakota , Minnesota , Iowa , Nebraska and South Dakota ) for 2007. All plans offered will be variations on the Standard Plan drug benefit as outlined below. Variations include lower or no deductibles, tiered co-payments and coinsurance, coverage of some but not all drugs, and changes in the coverage limits.
Payment Parameters |
2006 |
2007 |
Variations |
Premium |
$1.87 to $99.90 |
$10.60 to $110.30 |
Lowered or raised from last year |
| Deductible | $250 | $265 | $0 to $265 |
| Initial Coverage Limit | $2200 | $2400 | $0 to $2400 |
| Coverage Gap Begins for Out-of-Pocket Payments | $3600 | $3850 | No coverage to coverage of both generics and brand names |
Catastrophic Coverage Begins |
$5100 |
$5451.25 |
You pay 5% |
By entering the prescription drugs you take with the proper dosages in the Medicare Drug Plan Finder, you can select those features of the plans most important to you. You can choose the plan that best fits YOU.
Don't consider taking the same plan as your spouse, your friend or neighbor unless it is truly the one that best fits YOU.
Important Dates
Get Help
Already Enrolled or Not Taking Prescription Drugs
Getting ‘Extra Help' — qualifications & application
Keeping Your ‘Extra Help'
Two Types of Prescription Drugs Plans
Personalized Prescription Drug Insurance Coverage
Plan Finder Comparison Tool
Plan Restrictions
Bar Graphs of Monthly Costs
Payment of Premiums
Enrollment — with and without penalty
News from SDSU Extension Services