Navigation Links
HealthMetrix Research Finds Medicare Advantage Plans Offer Seniors Opportunity to Lower Their 2008 Out-of-Pocket Drug Costs
Date:12/3/2007

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 Medicare Advantage plans."

The findings are from the HealthMetrix Research 2008 CostShare Report comparisons based on approved 2008 member copayments, deductibles and premiums that appear in the Medicare Options Compare database (http://www.medicare.gov). HealthMetrix Research neither recommends nor endorses specific Medicare plans or products.
Best 2008 Part D Benefit Values Among Medicare Advantage Plans Offering $0

Premium $0 Deductible with Gap Coverage

-- Aetna - Portland, ME

-- Anthem - Richmond (VA), Toledo

-- Blue Shield - Riverside County (CA)

-- Care1st - San Bernardino, San Diego

-- Central Health Plan - Los Angeles

-- CIGNA -- Phoenix

-- Citizens Choice Health Plan -- Orange County (CA)

-- Coventry Health Care - Kansas City, Omaha

-- Freedom Health - Naples

-- GEMcare - Bakersfield

-- HealthSpring - Birmingham, Chattanooga, Chicago, Houston,

Memphis, Mobile, Montgomery, Nashville

-- Health Plan of Nevada - Las Vegas, Reno

-- Humana - Atlanta, Baton Rouge, Cincinnati, Columbus, Corpus Christi,

Dayton, Des Moines, Louisville, Miami, Salt Lake City, Shreveport,

Tucson

-- Kaiser Permanente -- Denver

-- Liberty Health Advantage -- Nassau County (NY)

-- Lovelace Health Plan - Albuquerque, Santa Fe

-- MD MedicareChoice - Bradenton, Ft. Lauderdale, Ft. Myers, Jacksonville,

Orlando, Pensacola, Sarasota, St. Petersburg, Tampa, West Palm Beach

-- Molina Healthcare - Houston, San Antonio

-- Physicians Health Choice - El Paso

-- Today's Health - Milwaukee

-- Touchstone Health - New York City

-- Unison Health Plan -- Pittsburgh

-- WellCare - Akron-Canton, Cleveland, Dallas-Ft. Worth, Ft. Wayne,

Indianapolis, New Orleans, St. Louis, South Bend, Essex-Hudson-Passaic-

Union counties (NJ)

CONTACT: Alan Mittermaier

614-236-8345

614-236-8034 Fax


'/>"/>
SOURCE HealthMetrix Research Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. HealthMetrix Research Selects 2008 Medicare Advantage Plans for Best Overall Benefit Value
2. Stanford researchers find culprit in aging muscles that heal poorly
3. Children of depressed moms do better when dad is involved, SLU researcher finds
4. UCLA researchers identify markers that may predict diabetes in still-healthy people
5. Mayo Clinic researchers discover new diagnostic test for detecting infection in prosthetic joints
6. New research shows how chronic stress worsens neurodegenerative disease course
7. New research explores newborn in-hospital weight loss
8. Research may unlock mystery of autisms origin in the brain
9. Bipolar disorder relapses halved by Melbourne researchers
10. HIVs impact in Zimbabwe explored in new research
11. U.S. Research Funding Continues to Flatten as U.S. Health Costs Climb - in August 31 Science
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... , ... “The Journey: From the Mountains to the Mission Field”: the story ... the Philippines. “The Journey: From the Mountains to the Mission Field” is the creation ... has taught all ages and currently teaches a class of ladies at her church, ...
(Date:10/12/2017)... Orleans, LA (PRWEB) , ... October 12, 2017 , ... ... centers in the U.S., announced today its plans to open a flagship location in ... will occupy the former Rooms To Go store next to Office Depot in the ...
(Date:10/12/2017)... ... ... Asante, a nationally recognized health system in southern Oregon, ... health joint venture through an agreement, effective October 1, 2017, to create AccentCare ... company with Asante, delivering clinically integrated care, for the past eight years. This ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... Leading pediatric ... peers in Washington, D.C., for the 49th Congress of the International Society of ... Vice President of the Center for Cancer and Blood Disorders at Children’s ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... in property taxes a year. In some states—like New York, New Jersey, Massachusetts, ... contrast, many overseas retirement havens have extremely low property-tax rates, which contributes to ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... , Sept. 28, 2017 Hill-Rom Holdings, ... 2017 earnings conference call and webcast on Friday, November ... a.m. (EDT) and ending at approximately 8:30 a.m. (CDT) ... discussing the company,s 2017 financial performance and guidance for ... opportunities, initiatives to enhance operational performance, and long-range financial ...
(Date:9/27/2017)... 27, 2017  Commended for their devotion to personalized service, ... as number one in the South Florida Business Journal,s 50 ... 5000 yearly list, the national specialty pharmacy has found its ... will soon be honored by SFBJ as the 2017 ... Set to receive his award in October, Bardisa said ...
(Date:9/25/2017)... 2017   Montrium , an industry leader ... the IQPC Trial Master Files & Inspection Readiness ... EastHORN Clinical Services has selected eTMF Connect ... management. EastHORN, a leading European contract research organization ... transparency to enable greater collaboration with sponsors, improve ...
Breaking Medicine Technology: