The Hidden Costs of Medicare in 2006 - An Analysis by FixMyHealthcare.com

Nearly one year after congress passed the Medicare and

prescription drug plan, both sides are still debating its

supposed benefits, or detriments. Unfortunately, many of the

people who will be affected by the Medicare changes still don't

know where to turn.

What follows is an initial analysis of what will happen January

1, 2006.

Our conclusion:

Regardless of whatever else you're hearing, the Medicare Part "D"

prescription drug plan has many loopholes that are harmful to

seniors with low to moderate incomes.

The Analysis:

First, you will pay a monthly insurance premium of $35 per month,

or $420 for the year.

Secondly, the first $225 you spend will make up your deductible –

no help from Medicare

Thirdly, the next $2,000 in coats ($226 to $2,225) is 25% your

cost, 75% Medicare.

Fourthly, and this is referred to as the donut hole, you have to

pay 100% again for all dollars spent between $2,225 and $5,100 –

no Medicare help.

Lastly, any dollars spent for prescriptions above $5,100 in one

year will be 5% yours, 95% from Medicare – this is called

Go to Page 2

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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