openPR Logo
Press release

2024 Medicare Drug Plan Premium Costs Vary Widely For Seniors

Find Best 2024 Medicare Drug Plan Price Comparisons at www.Medicaresupp.org

Find Best 2024 Medicare Drug Plan Price Comparisons at www.Medicaresupp.org

A senior in Houston will pay monthly premiums as little as 50-cents for their 2024 stand-alone Medicare prescription drug plan coverage. Or, they could pay as much as $108.30 monthly according to just-released data from the American Association for Medicare Supplement Insurance (AAMSI).

"Costs for your 2024 Medicare drug plan coverage will vary widely depending on where you live and the plan you choose," reports Jesse Slome, director of the organization. "Insurers and drug plan providers have just published their rates and plan coverage details for 2024. Seniors will soon have the chance to review plans and select the best coverage for 2024."

Some 22 million Americans have stand-alone Medicare drug plan coverage according to AAMSI. These plans supplement coverage for seniors with only Medicare Plans A and B as well as those with Medigap supplemental coverage.

Medicare's Annual Enrollment Period (AEP) begins October 15. This is the chance for seniors to review coverage and make changes for the coming year. AEP ends December 7, 2023.

According to the Association analysis of 2024 Part D drug plans, seniors in Los Angeles and San Francisco have 23 different plan options available for comparison. "Philadelphia seniors have 18 plans to choose from," Slome explains. "Atlanta and Phoenix seniors have 21 different plans available."

Monthly premiums range dramatically according to the Association's 2024 Medicare Drug Plan Price Index. "The premium is an important factor but not the only thing that one needs to consider," Slome advises. "Some plans have a $0 deductible cost while others have a $545 yearly deductible. And, each plan gets to assign tier levels for specific prescription medication coverage."

Find 2024 Medicare Drug Plan Price Index data at https://medicaresupp.org/best-2024-medicare-drug-plans/.

To help seniors find the best 2024 drug plan coverage, the Medicare insurance professional recommends three steps. "First, start early because the deadline to act is set and waiting until the last weeks means you may not be able to get access to the answers or experts you want," Slome advises.

"Don't simply look at premium costs. Input information on the drugs you take and the pharmacy you use," Slome adds. "Finally, see if there are ways to save by accepting mail delivery or using third-party services like GoodRx."

The Association makes available a free online directory listing local Medicare insurance agents at https://www.medicaresupp.org/find-local-agent/. "Many Medicare insurance specialists will help seniors compare locally available drug plans," Slome adds.

AAMSI
32504 Carrie Place
Westlake Village

The American Association for Medicare Supplement Insurance https://www.medicaresupp.org advocates for the importance of consumer awareness and supports insurance and financial professionals who market Medicare insurance solutions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 2024 Medicare Drug Plan Premium Costs Vary Widely For Seniors here

News-ID: 3233763 • Views:

More Releases from American Association for Medicare Supplement Insurance

Medicare Insurance Association Reports Significant Increase In Website Traffic
Medicare Insurance Association Reports Significant Increase In Website Traffic
Seniors accessing the Find A Medicare Insurance Agent online directory hosted by the American Association for Medicare Supplement Insurance increased significantly according to the organization. "There was an 87.3 percent increase in overall traffic during the just concluded Medicare Annual Enrollment Period (AEP)," reports Jesse Slome, director of the Medicare information advocacy organization. "This marked a record high, attributable to the number of seniors shopping for Medicare coverage during AEP." The Medicare
Tips Help Seniors Compare Medicare Supplement Insurance Plans
Tips Help Seniors Compare Medicare Supplement Insurance Plans
Choosing the right Medicare insurance plan is one of the most complex decisions made by seniors according to the American Association for Medicare Supplement Insurance (AAMSI). "Seniors can literally have 100 different plans available and choosing the wrong plan can impact their healthcare and pocketbook," explains Jesse Slome, director of the Medicare information advocacy organization. "While Medicare allows people to switch plans, some decisions can be irreversible." To help consumers make better
Directory Connects Seniors With Local Medicare Insurance Agents
Directory Connects Seniors With Local Medicare Insurance Agents
A free online directory hosted by the American Association for Medicare Supplement Insurance connects seniors with local Medicare insurance professionals. "Medicare is a national program but Medicare plan options are local," explains Jesse Slome, director of the national organization. "Finding the best Medicare option for your needs and budget is a lot more complex than just calling a toll-free number advertised on television." According to the Medicare insurance expert, the typical seniors
Seniors Urged To Compare All Medicare Insurance Options Before Deciding
Seniors Urged To Compare All Medicare Insurance Options Before Deciding
When it comes to Medicare insurance options, seniors have more choices than ever. More options are resulting in more confusion and an increase in mistaken choices. An educational effort has been launched to help educate seniors who are eligible for Medicare. "The typical senior has 100 or more different options to choose from," explains Jesse Slome, director of the American Association for Medicare Supplement Insurance. "While Medicare is a national program,

All 5 Releases


More Releases for Plan

Online Marketplace Business Plan
Understanding the revenue model of a marketplace. A marketplace business model ( https://www.yourretailcoach.in/online-market-research-companies-pune/ ) is a platform that connects buyers and sellers. They provide a platform for the two parties to interact and complete a transaction. A marketplace model has a buyer and a seller. The buyer can be a business entity or an end customer, and the seller can be a business entity or an end customer depending upon the
The Plan Collection is Giving Away a House Plan to One Grand Prize Winner
The Plan Collection, a leading resource for house plans and home design ideas, wants to help those in the market to build their own home get one step closer in its annual dream home House Plan Giveaway. Participants will have the chance to win a grand prize of any house plan hosted on ThePlanCollection.com valued at up to $2,000. “With thousands of participants over the years, the annual giveaway represents a
Business Plan / Project Report
Business Plan / Project Report is the first and most crucial factor before starting any business. It gives you the freedom of taking a wise decision related to that business. Business plan / Project Report comprises the information on industry, market, finance, operations, technology, competitors, targeted market segmentation, customer satisfaction and social endowment etc. It is essential for those, who are seeking financial assistance from different financial institutions and banks,
How to Plan Delisting
Delisting means permanent removal of securities of a listed company from all or any of the recognised stock exchanges where such shares are listed. As a consequence of delisting, the securities of that company would no longer be tradable at that stock exchange. Applicability of Delisting Regulation: 1. Delisting of Equity Shares from all the stock exchanges or any STXs except securities listed without making a public issue, on the institutional trading platform
PLAN TO PLAN? SURVEY TO ASSESS PLANNING BEST PRACTICES
Most Companies are Hot or Cold When It Comes to Annual Planning September 16, 2013 Provo, UT (U.S.A.)—When it comes to annual planning, one business leader knows that not all organizations are equal. To back these claims, his company is launching an online study to determine just how well executives feel they plan. “It’s been said that growth is much easier to achieve when you approach it consciously and deliberately,”
e-Plan, Inc., Patented
e-Plan, Inc., developer of leading web-based plan review management and technology software for building plan checking and review, is pleased to announce it has been granted a patent for its innovative technology by the U.S. Patent and Trademark Office, U.S. Patent No. 7,975,222. This patent, entitled “System and Method for Dynamic Linking between Graphic Documents and Comment Databases,” protects e-Plan’s proprietary method for the dynamic linking of a comment database storing