Medicare Prescription Drug Plan Cost Estimator

Private companies will offer Medicare prescription drug coverage starting January 1, 2006. The decisions you make depend on what kind of health care coverage you have now. To find out more about what Medicare drug coverage means to you, read our publication, "A Guide to Getting Started."

Key factors to consider in comparing your drug plan options are: Coverage, cost, convenience and peace of mind now and in the future. To find out more about these factors, read "Things to Think about when You Compare Plans."

The cost estimator assumes that you have no current drug coverage or receive any type of discounts, such as from a drug discount card, on your prescription drug cost. If you know what you spend monthly on prescription drugs you can use the cost estimator to see what your potential savings will be by joining a Medicare prescription drug plan. It will also provide you with information on the lowest premium available in your State.

The cost estimator is a quick tool to give you a sense of the savings you can anticipate with Medicare Prescription Drug coverage. This tool is not able to take into account any insurance you may have now for drugs. Therefore, if you currently have insurance for drugs, the tool will not be able to compare current costs to those you may have in the future if you switch to Medicare drug coverage. If you would like more information on how the cost estimates are calculated, click here.

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