July 3, 2022

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Saving money on Medicare drug plan during open enrollment | Dollars and Sense – ABC10.com KXTV

Free Stockton health fair includes Medicare Part D prescription plan optimization, vaccinations and .......

Free Stockton health fair includes Medicare Part D prescription plan optimization, vaccinations and testing for everything from bone density to diabetes.

STOCKTON, Calif. — The window for Medicare open enrollment recently opened for millions of Californians. This year, it runs through Dec. 7, so now’s the time for beneficiaries to review their plans and make changes to their coverage for 2022.

There are a lot of choices to make, and the wrong ones can be costly. Fortunately, there is help available when it comes to prescription drugs plans — also known as Medicare Part D. 

University of the Pacific’s Thomas J. Long School of Pharmacy holds an annual series of in-person and virtual clinics that aim to maximize benefits for participants. The next in-person one will be a part of a health fair on Saturday, Oct. 30 at Sierra Vista homes in Stockton.

Professor of Pharmacy Practice, Rajul Patel, and his students will be there to do one-on-one evaluations of Part D options by reviewing each guest’s unique situation.

“There are four to eight dozen different Medicare drug plans available in 2022, depending on where someone lives,” Dr. Patel told the Dollars and Sense team. “Every plan has a different list of medications they cover, and a different cost-sharing structure. So, what we try to do is identify the plan–out of that sea of plans–that’s going to best meet the needs of the individual and specifically reduce their out-of-pocket drug costs.”

Most people, he says, could make a change for the better. 

“What we’ve noticed is that about 75% of people that have Medicare, that are in a drug plan, actually stand to save money by switching to a different drug plan.”

Those savings are critical …….

Source: https://www.abc10.com/article/money/saving-money-on-medicare-drug-plan-open-enrollment/103-ea80d300-ff58-4302-a285-ed0c899929b1