Sometimes I Feel Like a Piece of Bologna

Thursday, December 07, 2006

Medicare Web Tool Estimates Prescription Drug Costs

The Medicare website has posted a new cost estimator tool to help seniors estimate monthly and annual expenditures for prescriptions drugs based on the drugs beneficiaries take and their pharmacy.

The estimator tool can help seniors choose insurance plans and figure out when they may fall into the "donut hole," the coverage gap in Medicare's prescription drug benefit. It also helps them to compare Part D plans and search for drug costs, providing a detailed explanation of its cost estimates. The site is updated every two weeks using new information provided by the plans.

This may be helpful as a starting point, but since insurance plans can change their prices during the year, actual costs might be lower or higher than the cost estimator's predictions. So how does this help?


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