DestinationRx Offers Seniors Help During Medicare Open Enrollment
As premiums rise, savvy consumers can find ways to save.
Los Angeles, CA (PRWEB) November 15, 2007 -- Medicare enrollment season begins today and DestinationRx® is giving seniors tools they can use to take charge of their healthcare and maximize cost savings. DestinationRxs easy-to-use, senior-friendly online comparison tool will help consumers understand their options, compare Medicare plans, and select a coverage option for themselves or their loved ones.
Three Steps to Taking Charge of Your Healthcare
As many as 91 percent of Medicare beneficiaries could see significant cost savings by switching plans -- those who dont can expect an average 21 percent increase in their plan premiums. Comfort and convenience are two reasons consumers tend not to change their health plans year-to-year, but this could prevent seniors from making necessary changes to minimize their healthcare spending.
A key weapon for consumers in all industries is independent research. For example, few people would walk into a car lot and buy the first vehicle they laid eyes on. They would do some research on their own and weigh the pros and cons of various models," said Michael Cho, CEO of DestinationRx. This same principle applies to prescription drug insurance. Patients who want to save money need to become savvy consumers."
Cho offers a few key tips for consumers to get the most out of their health plan this year:
1. Consumers need to look beyond the premium. It is important to weigh all costs involved in a prospective plan, including monthly and annual premiums, deductible amounts, formulary coverage, and coverage gaps. It may be more beneficial to opt for a plan with a higher premium in exchange for better coverage of out-of-pocket costs. The DestinationRx Medicare Part D online comparison tool can give consumers a snapshot of their costs for a number of plans.
2. Consumers need to explore their drug options. For example, switching just one top-prescribed brand drug to a lower-priced, therapeutic alternative can save consumers as much as 94 percent on that drug alone. Though there are a variety of resources for consumers to use when researching drug options, its important to discuss switching medications with a physician before doing so. Additionally, consumers should shop around: drug pricing can vary widely among retailers. In addition to their Medicare Part D comparison tool, DestinationRx offers a variety of online tools that help consumers educate themselves about their drug options and lower drug costs.
3. Consumers should not make decisions in a vacuum. Talking with family, doctors, friends and other trusted sources before choosing a plan is essential. Additionally, it is important to supplement personal advice with research on cost and plan information such as is provided by DestinationRxs online comparison tool. Research shows the majority of seniors will make a choice about their health plan based on isolated decision-making and without consulting additional sources. Hence, most seniors will not switch plans although they have the opportunity to do so once each year. We are trying to turn that fact around," added Cho.
Comfort, Control, Continuity and Cost Savings
Consumers can use the DestinationRx Medicare Part D Plan online comparison tool by simply entering their zip code and prescription drug requirements. The program will show consumers a number of Part D plans in their area and allows for side-by-side comparisons based on monthly and annual premiums, deductible amounts, and estimated annual cost for their prescription drugs. Seniors can select a plan of their choice and complete an online application as well.
About DestinationRx
Founded in 1999, DestinationRx, Inc. is a leader in consumer drug comparison and purchasing technology. The company provides government and commercial plan providers with the resources to create fully integrated and comprehensive decision-support capabilities for their members. DestinationRx is also a leading consumer resource, providing education, price comparisons, and purchasing options for a variety of prescription drug and other healthcare transactions within the context of the DestinationRx Medicine Cabinet. The companys client roster includes the Centers for Medicare and Medicaid Services (CMS), pharmacy benefits managers (PBMs), large health plans, Fortune 100 employers, and advocacy organizations.
For more information,
DestinationRx http://www.drx.com.
Medicare Part D Plan online comparison tool http://www.drx.com/medicare-partd/compare/intermediate.aspx
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