HealthMetrix Research Finds Medicare Advantage Plans Offer Seniors Opportunity to Lower Their 2008 Out-of-Pocket ...( COLUMBUS Ohio Dec. 3 /- Seniors w...),Health

COLUMBUS, Ohio, Dec. 3 /PRNewswire/ -- Seniors who take a close look at the Part D drug coverage offered by Medicare Advantage plans may reap handsome savings next year. Many Medicare HMO and PPO plans will continue to offer $0 monthly premiums and $0 deductibles with either complete or partial coverage throughout the "gap" or "donut hole" (when beneficiaries pay 100% of their drug bills until reaching $4,050 in out-of-pocket costs). HealthMetrix Research Inc. screened over 400 such Medicare Advantage plans to identify which ones offer the best Part D drug benefits in 2008. The findings are based solely on estimated member out-of-pocket costs and do not compare drug formularies.

According to HealthMetrix Research Inc. and MedicareNewsWatch.com president Alan Mittermaier, "The findings are favorable for seniors in most areas of the country who can enroll in $0 premium Medicare Advantage-Part D plans. For 2008, there are no $0 premium drug-only Part D plans available except for low-income seniors who qualify for premium subsidies. Beneficiaries currently enrolled in drug-only plans will see 17% premium increases on average effective January 1st. That is on top of premium increases for most Medigap supplemental insurance coverage. Seniors who are willing to bundle their Medicare coverage by enrolling in a Medicare HMO or PPO plan can realize considerable savings in annual medical and drug expenses even with pre-existing medical conditions. The strategy and savings are similar to bundling auto, property and life insurance policies with a single insurer."

Alan Mittermaier also notes that "what may not register with all seniors is that the same Medicare regulatory protections apply to enrollees in both drug-only and Medicare Advantage Part D plans with respect to required drug formulary lists and the rules for switching or dropping drugs. The reality is that drug-only Part D plan sponsors will manage their drug benefits just as aggressively as Medicar
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