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Geriatric Care New Jersey – Medicare Part D Costs Rise in 2009

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Expert Home Care New Jersey – Geriatric Care in NJ - (800) 848-2336.

As a senior in New Jersey, are you aware that the average monthly premium for standard beneficiaries in the Medicare Part D drug program is expected to rise by $3 next year? This is a recent report from the Centers for Medicare & Medicaid.

What this means to beneficiaries of the Medicare Part D drug program - a New Jersey senior and elder will pay $28, CMS estimates. This increase for you on Medicare Part D is due to general trends in drug costs, the phase-out of a CMS demonstration project, and higher plan estimates for catastrophic coverage based on prior experience, the agency said in a news release.

2009 premiums is 37% lower than the amount originally projected when the benefit was established three years ago.

New Jersey’s low-income beneficiaries may find that their plan has a higher premium next year. If the beneficiary does not choose to stay in that plan, CMS will assign the beneficiary to a new plan sponsor, effective Jan. 1.

Dual eligibles, or those who receive Medicare and Medicaid, do not pay for their drug coverage. Many residents of nursing homes are in this category. This was a final rule designed to reduce such reassignments. Read the full article here.

Expert Home Care

Frank Esposito has 33 years experience in the field of non-medical home care and home health care in the state of New Jersey (NJ). As an operations manager he has delivered over 65 million hours of service to 8,000 + clients. He is sought after nationwide as a consultant and trainer.

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