Spreading the Word on Medicare Part D

Spreading the Word on Medicare Part D

09.07.12 | By

Ten thousand baby boomers will turn 65 today. This will happen again tomorrow, the next day and every day until 2030. With such a significant growth in Medicare eligible Americans, ensuring effective coverage and access to medicines well into the future is a priority. As New York Times' blogger Paula Span noted on The New Old Age recently, Medicare Part D is providing stability for millions of seniors. From Span's post:

"As it has since 2010, the average monthly premium is projected to hover around $30, the federal Department of Health and Human Services has announced. Last year, the actual amount came in a few cents lower, at $29.67."

Span also notes in her piece that the number of seniors taking advantage of Part D is growing. According to the Centers for Medicare and Medicaid Services, 30 million Americans are enrolled in a Part D plan. Medicare Today reported that 88 percent of Part D seniors are happy with the program and 95 percent report that their coverage is working well.

The program is not only saving the government money by coming in 43 percent lower than initial cost projections, but it's helping patients avoid costly hospitalizations and other health care services. Additionally, it's helping to ensure that seniors adhere to their prescription regimens to stay healthy and help prevent debilitating chronic diseases.

As we approach the start of the annual open enrollment period (Oct. 15), it's critical that seniors are aware of this important benefit and how they can participate. This will continue to be a high priority for the Catalyst team, so please don't hesitate to share your thoughts and ideas on how we can work together to keep seniors informed.

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