Retirement News : Seniors : Seniors should be aware of Medicare changes

Seniors should be aware of Medicare changes

Date Added: 08-09-2005

Below is an excerpt about Medicare with a Stoneham Sun reporter.

Stoneham Sun - Concord,MA,

By  Dan O'Leary
Wednesday, September 7, 2005

Question:
     I am 67 years old and employed full time. I'm healthy, enjoy being active and plan to continue working for several more years. I have Medicare A in addition to full medical coverage through my company. I haven't paid a great deal of attention to the information about the changes in Medicare for drug coverage because I am assuming this won't affect me. Am I right in my understanding?
     Answer:
     The Medicare Modernization Act of 2003 added a component-Medicare Part D- to assist with the cost of prescription drugs for people with Medicare. This assistance will begin January 1, 2006. Although the coverage will be provided through a variety of private plans, each plan will cover at least two prescription drugs from each class in all therapeutic categories.

Read the entire article:

http://www2.townonline.com/stoneham/opinion/view.bg?articleid=318722