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driving costs down for the government as well as for consumers 65 and older. "Medicare is much stronger as a result of the health care law," she said in an announcement earlier this year. Indeed, the federal Center for Medicare Services, a division of the Department of Health and Human Services, reports there's been historically low levels of growth in Medicare spending during the last three years. Medicare spending per beneficiary grew at 1.
But the best way to get the most bang for the buck is for seniors to take matters into their own hands. The tricks for saving money on prescription drugs "are the same as they've always been," Cubanski says, starting with an enrollee's careful review of his or her prescription drug plan even if the coverage was satisfactory last year. Though it's government subsidized care, private insurers who provide the plans are free to change them year to year, and coverage for some drugs may have shif.
le,"Earlier this year, Health and Human Services Secretary Kathleen Sebilius declared that reforms to Medicare Part D coverage, mandated by the Affordable Care Act, has saved those over age 65 roughly $7 billion since 2010, the year the phased in changes began. She credited the law, more popularly known as Obamacare, with creation of a "competitive and transparent" marketplace that's Clarks Shoes Uk Sale Womens
7 percent annually, more slowly than the average rate of growth Caterpillar Boots With Skinny Jeans
in the Consumer Price Index, and substantially more slowly than the per capita rate of growth in the Womens Cat Boots With Fur economy. The Medicare Part D premiums and out of pocket costs for beneficiaries are also down for the fourth straight year, according to the Center. The average Medicare Part D monthly premium will remain steady at about $31, and the deductible will fall to $310 in 2014, down from $328 last year. The initial drug coverage threshold limit for 2014 is set at $2,850, down $120 from 2013, and seniors who fall in the "donut hole" will get a bit of a lifeline catastrophic drug Womens Caterpillar Safety Boots
coverage for next year begins at $4,550, down from $4,750 in 2013.
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