Health Plan News logo

Canadian Online Pharmacies Fill-In Medicare Gaps for Seniors

On May 15th, 2006 the initial enrollment for the new Medicare Part D prescription program ended, as did most of the political bravado surrounding its dubious launch. To date over 7 million seniors have declined to enroll and of the 20 million that will participate, most will soon discover that their plans contain significant coverage gaps that require paying full price out-of-pocket.

“U.S seniors are calling our pharmacy in increasing number expressing their shock and dismay about caveats in their Medicare plan. They are disgruntled by the complete lack of coverage of some drugs but are most anxious about hitting the infamous ‘doughnut hole’. It appears the devil is in the details in contrast to the simplicity of shopping Canadian,” says Ian Bergman, President of CanadaDiscountRx.

Limited formulary coverage combined with the looming “doughnut hole” will culminate in a medical crisis for many seniors towards the fall of 2006. Despite having garnered some savings during the initial phase of the program, most beneficiaries will endure increased financial hardship and may be forced off their current drug regimens. Online Canadian pharmacies like CanadaDiscountRx (www.CanadaDiscountRx.com) are the perfect solution to ease the pain of the Medicare gaps.

Once seniors exceed the equivalent of $ 2,250 in retail drug costs most will pay the next $ 2,850 at full retail cost, in addition to their premiums and deductible. This coverage gap has been coined “the doughnut hole”. Canadian pharmacies generally offer savings of 30-70% vs. U.S. prices.

In addition, Medicare officials estimate that the average cost of enrollment in 2007 will increase by about 7%. Seniors who decide to enroll in November will also face a 5% late enrollment penalty on monthly premiums as well. That coupled with a high likelihood of less competition in 2007 could dramatically reduce the appeal of the program.

“All the red tape and rising costs of Medicare only make the Canadian option more attractive. Whether you are enrolled or not, it literally pays to consider a reputable Canadian pharmacy like CanadaDiscountRx (www.CanadaDiscountRx.com).

For a $15 rebate on your next order phone CanadaDiscountRx toll-free at 1-800-678-6211 and mention “CDRx press release.”

CanadaDiscountRx is a licensed pharmacy in Winnipeg, Canada (Manitoba Pharmaceutical Association license # 32274) and has safely served thousands of Canadian and American patients for over 60 years. All Canadian drugs are regulated by Health Canada and dispensed by licensed pharmacists. A prescription is required for new orders.

Related Health News:

  1. New Medicare Cuts Effective Today March 1st The Physicians Foundation, a national health care organization that represents the interests of doctors and physicians, has recently made a statement warning of new Medicare...
  2. Cardinal Health Connects Low-Income Patients With Affordable Medications As the nation’s number of uninsured patients continues to rise, Cardinal Health is helping hospitals contain pharmaceutical costs by connecting their low-income patients with pharmaceutical...
  3. CVS Caremark Launches Spanish Version of Caremark.com CVS Caremark plan participants have access to most comprehensive Spanish-language Web site in PBM industry WOONSOCKET, R.I., April 8 /PRNewswire/ — CVS Caremark (NYSE:CVS) today...
  4. BlueCross Makes Coverage Available for South Carolina Graduates Lacking Health Insurance According to the National Association of Colleges and Employers (NACE), employers will hire twenty two percent fewer college graduates in 2009 than they did...
  5. Top Blue Cross and Blue Shield-Branded Managed Care Organizations Lost More Than One Million Members in the First Half of 2008 HealthLeaders-InterStudy’s Managed Market Surveyor-Rx Evaluates How Medical and Pharmacy Lives are Covered at National, State and MSA Levels NASHVILLE, Tenn., May 11 /PRNewswire/ — HealthLeaders-InterStudy,...

Activity

No comments, leave your comment or trackback.

Leave a Reply

You must be logged in to post a comment.

Search

The archives run deep. Feel free to search older content using topic keywords.

Browse by Category