Recent the Inflation Reduction Act made parament the Medicare Senior Insulin Savings Program. You might recall in Spring of 2021 the President signed an Executive order on reducing the price of Insulin for Seniors using Medicare. The Act passed made it parament for all Medicare plans to offer insulin at $35.00 per month including the Donut Hole.
When think of changing plans you need to consider several points. These are:
- The network of the plan you are considering. Not all Medicare plans by the same carrier have the same network. Check every doctor you see if they an In-Network doctor or facility.
- Check your plan drug formulary list. They may not carry the actual brand or generic you are taking including your insulin. Your doctor can recommend alternatives but do not change until your doctor OK’s the prescription changes.
- As for Insulin, the act is only for Insulin not all diabetic injectables are insulin and will not be covered by the act. Check with your doctor if what you are using is Insulin.
- Lastly, the cost and type of plan. Check for the total plan yearly cost here.
By changing plans, you could save Thousands of Dollars in 2023. Call me at (610) 880-3272 to discuss the possible change and savings.
More information on Medicare Advantage plans.
I do not offer every plan available in your area. Any information we provide is limited to those plans I do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.