Medicare and you 2012. With the Medicare Annual Enrollment Interval (AEP) rapidly approaching (10/15/2011 – 12/07/2011), seniors will once again must undergo the process of comparing Medicare Half D plans and selecting the plan that most closely fits their wants for 2012.
This means of evaluating plans will be agonizing and disturbing for seniors, who will spend countless hours on the phone with the Half D insurance coverage companies and on the internet reviewing plan benefits.
This yr, the Annual Enrollment Interval dates have changed on account of the Affected person Protection and Reasonably priced Care Act. The AEP dates in earlier yr was from 11/15 via 12/31. Medicare and you 2012.
In 2012, the Part D deductible increases to $320 from $310 in 2011. The Preliminary Protection Restrict will increase from $2,840 to $2,930 in 2012. When you attain whole drug prices (what you pay + what the plan pays) of $2,930, you’ve reached the Protection Hole or donut hole. In the course of the Protection Hole, you will receive a 50% low cost on brand name drugs. For generic drugs, you will obtain a reduction of 14%. The discount for generic medication was 7% in 2011.
The Out-of-Pocket Threshold will probably be $4,700. In 2011, that quantity was $4,550. Should you spend $4,700 out-of-pocket, you’ll have reached the Catastrophic Stage. Through the Catastrophic Stage, the co-pays are $2.60 for generic medication and $6.50 for all different drugs. If generic medication have a retail price of $fifty two or extra, you will pay 5% of the cost. If model identify drugs have a retail worth of $130 or more, you’ll pay 5% of the cost.