Lassie can save you when you fall in a well, but she can’t help you find the right Medicare plan.
Check and double check your Medicare Part D plans. Don’t make a costly $1300 mistake.
Diane, a Medigap client, asked me to review her Part D options for 2015. This is a free service for our clients. I ran a report, sent it to her, and followed up.
She currently has a Cigna Rx plan and after reviewing her ANOC wondered why the plan I suggested had a higher premium ($34 vs $27). Was it because the plan I suggested had a $0 deductible while the plan Cigna offered had a $320 deductible?
Actually it was much more complicated.
Diane’s annual Rx cost (out of pocket) would be $2880 with the plan Cigna wanted her to buy vs. $1558 with the “higher priced” plan.
Had she bought the plan suggested by Cigna she would have saved $84 per year in premiums but paid out more than $1300 in additional drug costs.
Shop and compare your Medigap plan. We can’t guarantee savings like Diane’s but we often find mistakes that cost you money.
We also saved her more than $600 this last year by showing her a Medigap plan that delivered more value vs. the one she had picked on her own.
Lassie didn’t help then either.
How much can you save? Click to find out.
