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Californian Seniors getting the lowest Medicare rates in America
October 28th 2005

Californian Seniors getting the lowest Medicare rates in America

Medicare Insurance

The monthly cost for Medicare benefits in California will be about $25.41 when offered by companies set up solely to provide Medicare drug coverage. That compares with a national average premium of approximately $32.20, according to the Centers for Medicare and Medicaid Services, which administer the federal health program for seniors and the disabled.

"Itís a robust market," said Gary Karr, a spokesman for Medicare. "There are a lot of companies competing for business in California", he added.

Data released on Monday revealed that other Western States will also have lower than average premiums, including Hawaii at $27.44 and Arizona at $28.08 but California still beats them all. North Carolina is the highest at $36.86 followed closely by Louisiana at $36.85.


Health experts said high managed-care enrollment levels, owing to high densities of seniors in California and other Western states appear to be creating more competition and lowering premium costs.

Medicare's drug benefit is the biggest change made to the program since its inception 40 years ago. It will offer varying prices and coverage levels starting Jan. 1, 2006. Medicare recipients can begin enrolling in November.

"Seniors must remember to enroll before May, 15th", I remind beneficiaries, "or suffer penalties of a lifetime of increased drug premiums."

Tricia Neuman, vice president of the Kaiser Family Foundation, wisely pointed out that premium cost alone is not the best way to select a Medicare Drug plan as other factors like high co-payments could cancel out the benefits of a low premium. I also advises caution and consultation with your Health Care person before committing yourself to any of the new plans.

Seniors should therefore take note of what drugs are covered and what co-payments are, to get an idea of what the actual cost is and what the savings will be.

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Centers for Medicare and Medicaid Services: (877) 267-2323 or the CMS website.

Medicare has a toll free number you can call to ask questions.  There phone number is 1-800-633-4227.  TTY users should call 1-877-486-2048.  You can visit official Medicare website here.

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By David Thau
Founder and CEO of Keep It Simple Insurance in Los Angeles, David works with individuals and families so they can enjoy excellent health care without the financial burden just one major health crisis can cause. He has been helping people find the right insurance plan for almost 10 years. Contact David

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Copyright 2005 Best Syndication                                            Last Updated Saturday, July 10, 2010 09:47 PM