Do You Know The Difference Between PREMIUMS & CO-PAYS ON YOUR PART D DRUG PLAN?

Yesterday, one of our Personal Consultants was on the line with an elderly gentleman trying to make a decision on his Medicare Part D Plan. He was so concerned about his premium being under $30 a month, that he was not paying any attention to his co-pay amounts.

We were trying to show him that although his premium could be $35 a month on his Part D plan, the co-pays on this particular plan were much lower than the plan he was looking at with a $30 premium. He just could not understand this concept.

On the $35 premium plan his Lipitor was going to be $20 a month. On the $30 premium plan he was going to pay $40. So, to save $5 a month in premium, he was willing to pay an extra $20 a month for his Lipitor. WHY? Because, he didn’t understand the difference between the meaning of Premium and Co-Pays.

This has happened so many times I cannot count them. It breaks our hearts to see the confusion and eventual over-paying some seniors will be experiencing simply because they don’t understand and they can be unwilling to try.

The PREMIUM is the monthly amount you pay to the Insurance Company to have your Medicare Part D Drug Plan in force. This comes out of your Social Security Check or you can have it on a bank draft.

The CO-PAY is the amount you will pay for your medications when you take your Drug Card from the Part D Plan you have enrolled in to the pharmacy.

If you have several different medications that you take each month, the co-pays can add up quickly and if your co-pays are higher than necessary, you will be paying so much more! It almost negates the importance of a lower premium altogether.

That said…we all want to get a lower PREMIUM! That is why we offer free comparisons. We can show you the lowest premium that still covers your medications at the lowest co-pays available to you in your state.

These comparisons will be LIVE ONLINE, Nov. 15th thru Dec. 31.

Please go there begining Nov. 15th and if you need help, please call
toll free 866-752-1795. Our licensed and certified Personal Consultants will be standing by to help you!

www.MyPartDusa.com

Please write to me, Karyn Blake, here at My Part D USA’s blog at kblake@MyPartDusa.org. Or you can email this article to a friend.

Published by mypartdusa on November 27, 2007 in Drug Plan Enrollment.

Start your free comparison now!