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A recent report by Avalere Health, found that all of the top 10 Medicare prescription drug plans, known as Part D or PDPs, will see premium hikes next year and at least seven will see double-digit hikes.
With the 2013 open enrollment period in full swing, seniors are reminded that they can review and compare their Medicare coverage options, including Part D drug plans and Medicare Advantage plans. When asked about their views on the number of Medicare private plan choices available, the survey found that 40 percent of seniors said that it is confusing and difficult to pick the best plan
Unlike your homeowner’s insurance policy, which probably renews year after year with little attention paid, Medicare Part D costs and coverages change every year. That’s why it’s so important to review your plan every year to make sure you’re still getting the best value.
Today's Medicare is working with private health insurers to provide different ways to get your health care coverage in the Medicare program. These private plans are called Medicare Advantage.
If you’ve ever gotten a quote for Medicare Advantage or Part D Prescription Drug plans, you might have noticed that each plan was rated on a 1 to 5-star scale. What do those ratings mean and where do they come from?
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