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Medicare Part D
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Starting
January 1, 2006, Medicare will offer insurance coverage for prescription
drugs through Medicare prescriptions drug plans and other health plan
options. Medicare's new prescription drug coverage will
typically pay over half of your drug costs next year, for a monthly
premium. It will also provide peace of mind because it protects you once
your out-of-pocket drug spending is more than $3600 in a year. Even if
you don't use a lot of prescription drugs now, you should consider
joining.
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Who
is eligible?
- Individuals must be
enrolled in Medicare Part A or B to be eligible
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When
do Medicare beneficiaries sign up?
- Enrollment is voluntary,
begins November 15, 2005 and continues until May 15, 2006.
- May 15 is the last day to
enroll in 2006. The
next opportunity to enroll will be November 15 through December 31,
2006 and they will pay higher premiums.
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Important
points:
- Medicare prescription drug
coverage helps you pay for the prescriptions you need.
- Medicare prescription drug
coverage is available to all people with Medicare.
- There is additional help
for those who need it most.
- Medicare prescription drug
coverage pays for brand name as well as generic drugs.
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Where
do I learn more?
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