Reply Sun 30 Oct, 2011 01:16 pm
I am thinking about changing to a cheaper Medicare drug plan. My question is, do I cancel my old plan or does Medicare or the new plan do that for me? Thanks!
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Type: Question • Score: 3 • Views: 1,622 • Replies: 3
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Reply Sun 30 Oct, 2011 02:49 pm
@Victor Murphy,
When you start a new plan, the old one automaticaly cancels. You can not be billed for both. If your timing is off, you might send in a payment for the new one, and it could overlap the auto deduction for the old one. In that case, the old payment will be returned by way of a sort of negative deduction from your first check of the year. You do what whatever you're going to do and they pick up all the pieces for you.
Reply Sun 30 Oct, 2011 02:51 pm
By the way, make sure you go online and verify that your prescriptions are covered, and check out the deductables (if any) and the copay. There is enormous variation between plans. I observe that they all offer good coverage of the WalMart $4.00/month medications. Nearly all are less forthcoming on the more expensive items.
Victor Murphy
Reply Sun 30 Oct, 2011 04:01 pm
Thanks for the help. I registered on line and I cheked medications, they are all covered!
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