Medicare Expert Calls the Plan Finder “The Most Underutilized Solution for Comparing Drug Plans and Saving Money” During Medicare Open Enrollment
Medicare Open Enrollment,
"With drug plans the primary selection criteria should be overall total cost, not the cost of premiums," says
Koch emphasizes that an annual drug plan review is needed. "Even if a beneficiary is satisfied with their current plan, the plan itself is likely to be changing. And for the senior, their drugs may have changed or will be changing too," says Koch.
"Reviewing plans can be very difficult for seniors and yet their health and financial security might depend on it," says
According to Koch, the most underutilized solution for comparing drug plans is the Plan Finder at http://www.Medicare.gov/find-a-plan. It allows for an easy comparison of all drug plans available to a beneficiary. By entering zip code, drug specifics, pharmacy choices, and answering a few questions, the Plan Finder does all the work. It provides an apples-to-apples comparison of total estimated annual cost (premiums plus the cost of drugs) for each plan and lists the plans from least expensive to most expensive total cost.
"You would be amazed at the range of total cost differences between drug plans for the same set of drugs," says Koch. Koch can speak to these variances as she assists her clients with their annual drug plan reviews and selections. For example, for 2017 she will be recommending a plan that will save one of her clients
Koch provides another tip: "Many seniors need help during Medicare Open Enrollment. If you are caring for an aging parent, this is an opportunity to not only help your parents but to educate yourself to their medical conditions and their health insurance coverage and costs."
ABOUT ESTHER KOCH AND ENCORE MANAGEMENT
Esther is a frequent speaker on
Encore Management assists clients with their initial
Read the full story at http://www.prweb.com/releases/2016/10/prweb13750859.htm
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