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Author: RetiredVermonter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Plan D? Do your math first. Date: 9/12/2009 7:21 AM
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A lot of people jump into a Plan D when they're eligible, but I'd suggest first checking which Plan D providers exist in YOUR state; you can do this on line. Then check what they cover for the prescriptions you take now, and what they cost, as opposed to using Wal Mart or other cheap sources vs what the monthly premiums will be for the Plan D you decide would be best.

Plan D can be a good deal IF it will cover YOU for costly special prescriptions YOU need, but you need to look at total costs for the Plan D premiums, any co-pays, and the cost for the prescriptions themselves!

In my first year of eligibility, four years ago, I was able to get a plan that cost me about $13/month, but it paid 100 percent of the cost for my BP meds, which were running about that same amount, so it was a wash. (This was before Wal Mart and others came out with their low cost options.)

The following year, the best available plan jumped to $23/month PLUS a $5 co-pay per med! I dropped the plan. My wife, who takes only a cheap BP pill, too, never signed up at all.

Today, I take a total of four prescriptions for blood pressure and gout. However, my doctor has prescribed generic forms that cost me just $10/90 days for each of them at my local Rite Aid, who grant me Wal Mart pricing as long as I ask for that special pricing every time I get a refill. (That seems odd, but it's how they do it.)

My total cost is thus $10 x 4 prescriptions or $40 for 90 days worth of pills -- about $13.33/month. If I bought a Plan D here now, it would cost me a LOT more than that AND require a co-pay on top of that!

Yes, there is a "penalty" if and when I choose to sign up later on, but so what? It's not that big. Meanwhile, we're saving a LOT of money every month!

Again, I suggest that you check the math and do what works for YOU; never mind what AARP or the "experts" keep yelling at you.

Vermonter
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