Midnight Wednesday was the deadline for Medicare recipients to sign up for their annual Part D insurance plans. That covers prescription drugs.
If you’re a senior or you’re close to one, you’ve heard about the frustrations with Part D. There are 30 different plans sold throughout the valley, and there’s the confounding “doughnut hole” that costs some seniors thousands of dollars every year.
Betty Price’s concern is different. Beginning next year, her medicine will cost more with her insurance than it would without it. It’s a 50-year old medication and her insurance company has jacked her out-of-pocket cost 419 percent.
They also raised the price of her insurance. So in terms of rip-offs you could consider this one a two-fer.
READ THE REST OF THE COLUMN HERE.