MEDICARE DRUG PROGRAM Some answers

IF YOU NEED A DRUG PLAN:
What kind of plan are you considering? Is it 1) an HMO that tends to limit you to its network?; 2) a PPO, which gives wider choice in choosing doctors?; or 3) a stand-alone drug plan that will accompany coverage you want to keep?
Monthly premiums: What are they?
Annual deductible: What is it? (maximum of $250)
Approved dugs: Are your medications on the plan's approved list also called a formulary?
Co-pays: How much are they for the brand name and generic drugs you take?
Pharmacy: Does your druggist accept your drug plan?
Medicare offers a cost estimator to compile these expenses: http://www.medicare.gov/medicarereform/minitool.asp
WHERE TO FIND ADVICE ON THE PROGRAM
www.medicare.gov or (800) Medicare
IMPORTANT DATES
Nov. 15, 2005: First day you can join a plan
Jan. 1, 2006: Coverage begins for people who have joined by Dec. 31, 2005
May 15, 2006: Last day to join a plan offering coverage for 2006
Nov. 15 to Dec. 31, 2006: Next opportunity to enroll
Sources: Health experts, Medicare counselors, Medicare