CMS again changes the 2010 rules regarding prescription plans …

by Michael on April 8, 2009

in Health insurance,Insurance Newswatch,Medicare

CMS has adjusted their 2010 co-pay and out of pocket levels for Medicare Part D (this is the prescription drug plans). The levels approved didn’t even last a week.

  1. 2010 Part D deductible = $310 (versus $305 initially reported)
  2. 2010 Initial Coverage = $2,830 (versus $2,780 initially reported)
  3. 2010 Max OOP = $4,550 (versus $4,500 initially reported)

I again advise my clients to pay for lower cost generics outside their plan. If you have expensive generics or brand name drugs, you will usually save money by adopting this strategy.

This does not bode well for what may be coming with Medicare Advantage plans. Now may be the time to evaluate whether or not you may be better off with traditional Medicare and a good Medicare Supplement plan. This has worked well for years, whereas the Medicare Advantage plans keep getting “adjusted” (if you know what I mean).

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