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Tuesday, November 16, 2010

News from The Associated Press

News from The Associated Press: "WASHINGTON (AP) -- Consumer alert: A new Medicare drug plan with the lowest upfront cost in the country may not be for everyone, experts say.

Medicare's open enrollment season just started, and the plan from insurer Humana and retail giant Walmart is getting attention. At $14.80, the monthly premium is the lowest of any national plan, about half the average. And Humana and Walmart are advertising savings of more than $450 a year for the typical Medicare recipient.

But experts say if you can't get to a Walmart easily and need costly medications for intractable conditions, it could be a disappointment. You could face copayments as high as 50 percent for drugs purchased at local independent drugstores, 'non-preferred' pharmacies as far as the plan goes."

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