The Hidden Costs of Medicare in 2006 - An Analysis
by FixMyHealthcare.com
Catastrophic Coverage.
Your 2006 Medicare Coverage Costs:
Your Prescription Costs/What It'll Cost You/You Pay/You Save
$225-------------------------$645-------------100%---$0
$1,000-----------------------$839-------------84%----$161
$1,500-----------------------$964-------------64%----$536
$2,000-----------------------$1,089-----------55%----$911
$3,000-----------------------$1,920-----------64%----$1,080
$4,000-----------------------$2,920-----------73%----$1,080
$5,000-----------------------$3,920-----------78%----$1,080
Final Thought:
Beginning January 1, 2006 your Medicare costs, as detailed in the
new plan passed by congress and the current administration, may
increase significantly.
We believe congress should have done better than this for our
seniors.
Remember, it's only after you spend $5,100 in Medicare-cover
healthcare costs that the catastrophic support starts. Even then,
you'd still be responsible for 5% of your costs.
As it stands, it will take about $800 of prescriptions in a year
just to break even! Then, your out-of-pocket expenses go down.
However they come right back up once you hit the donut hole,
where you pay 100% again.
Go to Page 1
BIO:
FixMyHealthcare.com is a website devoted to helping seniors decipher the recent changes in Medicare. Visit www.fixmyhealthcare for a discussion of senior health issues.
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