Here are all the articles I've written about Prescription drug. Enjoy!

October 22nd, 2011

Wanna Save Some Money (part 3)?

Getting a prescription from your doctor doesn’t mean you don’t have choices about how to spend your money.

Ask your doctor if a generic drug is available and make sure it’s in the same class of drugs as the expensive brand name drug he wants to you to buy.

Generics have the same active ingredients, strengths and dose as the more expensive brand name versions.

A single manufacturer no longer holds the (17 year!) patent, so there’s more competition to keep the price down.

Tell your doctor that if he wants you to have a brand name drug, then spend his money not yours!  Or give you free samples.

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June 19th, 2010

Doughnut holes, hold the coffee

If you or anyone you know is currently on Medicare and enrolled in a Part D drug plan, the new “Stealthcare” reform laws enacted this year are now starting to offer you a small safety net… really small.   If you reach the dreaded “doughnut hole” — that place where you have to pay full price for your prescriptions until the catastrophic coverage kicks back in — the feds are mailing out their first round of $250 checks to help offset your costs.  As Medicare people reach the doughnut hole throughout 2010, they will be mailed this $250 rebate check from the Centers for Medicare and Medicaid Services (CMS).   CMS will automatically send you a check. No forms are needed in order to receive the rebate.

With the passage of the Patient Protection and Affordable Care Act of 2010 (aka “Stealthcare” reform), this doughnut hole will be phased out beginning in 2011 when people stuck in the doughnut hole will receive a 50% discount on brand name drugs and a 7% discount on generic drugs (this discount in the doughnut hole will rise over the years until a 75% threshold is met with a complete phaseout by 2020).   In the meantime, people on Medicare who fall into this doughnut hole will be given a whopping $250 rebate check in order to help costs.

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