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Medicare Information  

 

Some quick facts you should know about Medicare:

•
 To get Medicare prescription drug coverage, you need to choose and join a Medicare prescription drug plan.
•
 You can join a Medicare drug plan between November 15 and December 31 each year (coverage will begin on January 1 of the following year).
•
 If you join, your costs will vary depending on which plan you choose. In general, you may pay a monthly premium and a yearly deductible (up to the first $250). You will also pay a share of your prescription drug costs, and your plan pays a share. Medicare helps pay for drugs up to a limit ($2,250 in total) and once your total out-of-pocket costs for drugs reach $3,600, you pay 5% of the costs and Medicare pays 95% of the costs for the rest of the year. The amounts shown are for 2006.
•
 Many people with limited income and resources will get extra help paying for their prescription drug coverage. People with the lowest incomes and resources will get the most help.

To learn more, please visit www.medicare.gov.

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