And next year, premiums and out-of-pocket costs for seniors aged 65 and older and people with certain disabilities who are eligible for the government health insurance program may rise faster than expected for some.
Premiums for Medicare Part B medical coverage, for example, may jump more than 20 percent for beneficiaries who have not yet claimed social security and some high-income beneficiaries unless
With a wrinkled brow,
"I'm happy with my
Health insurers providing
"When you first become eligible for
Smith said she's satisfied with her
"We take quite a few medications. We both take four medications in the morning and three at night for high blood pressure, hypertension, and other things. Our pharmacy bills used to be outrageous. But it's really gotten a lot less expensive that it used to be," she said.
Smith is among those seniors who are continuing to see savings on out-of-pocket drugs costs as the Affordable Care Act (ACA) closes the coverage gap in
But the health care law is gradually lowering the share percentage seniors pay, and will eventually cut drug costs in the doughnut hole by 75 percent by 2020. Since the ACA's enactment, about 10.7 million seniors and people with disabilities have received discounts of over
But each plan is different, so it's important to shop around, according to
"You have to look at premiums, deductibles and other out-of-pocket costs, as well as any plan restrictions on drugs," he said, noting that some plans may not cover some high-cost specialty drugs for cancer patients and others.
At least two
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