CVS/pharmacy encourages dialogue between seniors, caregivers about Medicare Part D plans

WOONSOCKET, R.I. With the holiday season just around the corner, CVS/pharmacy is encouraging older adults and their caregivers to make family health part of the conversation during family gatherings.

With annual enrollment for Medicare Part D under way through Dec. 31, now is the ideal time for seniors and their caregivers to review their medication regimen and identify ways to save on annual medication costs, the company stated.

"There are important decisions to be made during Medicare Part D enrollment that can affect one's healthcare costs in the coming year," stated Mitch Betses, VP retail pharmacy operations for CVS/pharmacy. "Caregivers can play a big role in helping their loved ones make the right choices, and CVS/pharmacy has the tools to help simplify the process."

A Medicare Part D plan review is encouraged annually as plans and medications change from year to year. But with the passing of the Affordable Care Act of 2010, there are even more notable changes to consider this year.

Starting Jan. 1, 2011, drug manufacturers will provide a 50% discount on brand-name drugs, and the government will provide a 7% discount on generic drugs for those who fall into the Part D prescription drug coverage gap.

This is in addition to the $250 rebate, effective in 2010, for beneficiaries who reach the Part D prescription drug coverage gap.

To help seniors navigate Medicare Part D plan options and find the lowest cost plan that meets their needs, CVS/pharmacy is offering both in-store and online resources.

CVS pharmacists are available throughout the open enrollment period to provide patients a list of their current medications and offer plan comparisons using the Medicare plan finder tool. In addition, seniors can access the 2011 Medicare Plan Finder at CVS.com/medicare to compare plans.

The site also lists information and answers to questions about Medicare Part D plans.