getting the lowest Medicare rates in America
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
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
"Seniors must remember to enroll before May, 15th", I remind
beneficiaries, "or suffer penalties of a lifetime of increased drug
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.
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.
Keywords and misspellings: Medicare Medecare
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