Seniors Could Save Hundreds $$ by Switching Medicare Part D Plans

(I-Newswire) November 25, 2009 - Los Angeles, CA – Older adults are less likely to choose the Medicare prescription drug plan that would save them the most money—because there are too many choices, according to a study to be published in the August 2009 issue of Health Services Research.

Researchers asked 200 participants age 18 and older to choose from up to twenty hypothetical Medicare prescription drug plans. Regardless of age, the more plans available the less likely participants were to choose the plan with the lowest annual cost. Questions about each plan were also more likely to be answered incorrectly.

Currently, there are hundreds of different Medicare Part D plans available throughout United States.

“This shows the need for Medicare Part D reform,” said Alan Weinstock, an insurance broker at http://www.MedicareSupplementPlans.com. Weinstock agrees with researchers who recommend reducing the number of available prescription plans to ten or fewer. Experts also suggested standardizing the benefit or offering only one choice that seniors can either opt in or out of, similar to Medicare Parts A and B.

“It’s important to make Medicare insurance choices easier for seniors,” Weinstock added.

Because of their confusion, many seniors do not take the opportunity to switch plans during the annual open enrollment period. Weinstock’s agency, http://www.MedicareSupplementPlans.com, offers older adults the opportunity to review and compare rates, plans and benefits for Medicare supplement insurance from several prominent insurance companies.

In a study published earlier this year by the same survey group, a majority of adults stated they believe that Medicare Part D is too difficult to understand and they support some form of simplification.

“That is where we come in,” Weinstock said. “It’s important to have someone you can trust to guide you through the maze of information out there so you can find the right Medigap plan.”

LLc 114 West Main Street,Suite 2R
Visilia
California
United states
93291
1-800-243-8100
http://www.medicaresupplementplans.com

About www.medicaresupplementplans.com:
Health And Life Insurance Services, LLC, is one of California’s largest independent insurance agencies specializing in Medicare supplement insurance plans (also called Medigap plans).

Company Contact Information
www.medicaresupplementplans.com
Berry Jon
LLc 114 West Main Street,Suite 2R
93291
Phone : 1-800-243-8100