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Video: CVS/pharmacy and National Council on Aging Help Seniors to Find the Right 'Prescription' for Medicare Savings
Date:11/12/2008

care Part D beneficiaries would have saved over $250 a year on total drug costs if they had chosen a plan that better fit their situation.

"We urge people who qualify for the prescription drug benefit to consider their options and realize the potential to save," said Stuart Spector, Senior Vice President, NCOA. "Prescription drug coverage can make a significant difference in the health and lives of people with Medicare, especially those with limited income and resources who may qualify for the extra help."

The six-week Medicare Part D enrollment period lasts from Nov. 15 through Dec. 31. When evaluating plans, CVS/pharmacy and NCOA recommend three factors for consideration:

-- Cost: What is the plan deductible, monthly premium and prescription

co-pay for the prescriptions you regularly take?

-- Coverage: Are the prescription medications you regularly take covered in

the plan? Are there restrictions such as prior authorization?

-- Convenience: Can you fill the prescription at the pharmacy of your

choice?

The CVS/pharmacy Medicare Part D Calculator guides seniors through this decision-making process step by step. After entering basic information such as ZIP code, current prescription drug coverage, and prescription medications, seniors are guided through a series of options:

-- Seniors can indicate whether they prefer to find plans with the lowest

annual cost or find plans that cover all current medications with the

fewest coverage limitations even if it means paying higher annual costs

-- They can also make choices about medication in the coverage gap -- also

known as the "donut hole"

-- Seniors can find out if they qualify for Extra Help from the Social

Security Administration

Lastly, seniors are presented with a list of the top plans that best meet their needs, including information on estimated annual cost, month
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SOURCE CVS/pharmacy
Copyright©2008 PR Newswire.
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