Today marks the kickoff of the CVS/pharmacy and National Council on Aging (NCOA) Medicare Part D Education Program created to help seniors save money on prescription drugs by showing them how to choose the best plan for their individual circumstances. The program includes over 100 live events, with the first one this morning at the 92nd Street Y on Lexington Avenue in New York City, from 10:30 am to 12:30 pm. Despite having 26 million people receiving prescription drug benefits through Medicare Part D plans, many are not selecting the most cost effective plan for them. In fact, analysis done for CVS/pharmacy revealed plan participants could save an average of $612 in annual drug costs by switching to their optimal Medicare Part D plan. It makes further sense to review your Medicare Part D coverage each year and compare available plans because co-pays, premiums and covered drugs are likely to change. Always keep in mind that premiums don’t tell the whole story: You need to know what a year’s worth of co-pays will add to your total cost. CVS/pharmacy has other excellent options for those who don’t live near a live-event site. You can evaluate Medicare Part D plan options with their free, easy-to-use online “Medicare Part D Calculator” at www.cvs.com/medicare. You enter current and projected prescription use and the tool shows you the lowest cost plan that meets your needs. Over 5 million CVS/pharmacy customers who have or will receive a personal identification number this year can use it to automatically populate the Medicare Part D Calculator with their current prescriptions. The Calculator offers convenient access to personalized Part D comparisons and analyzes monthly premiums, deductibles, prescription co-payments and covered drugs in order to find the right plan for you. Want one-on-one help? CVS pharmacists also will be available throughout the Part D enrollment period, which runs from November 15 to December 31 to provide plan comparisons in-person at the pharmacy counter.
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