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Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Tuesday, August 16, 2005

Seniors Have Few Options For Medicare Part D Drug Benefit Program

AccountingWEB.com-Although several details of the new Medicare Part D drug benefit plan are yet to be set, seniors who don’t enroll for the prescription drug coverage will be penalized 12 percent for each year they delay in signing up for the program. Some seniors wouldn’t need to enroll in the program because they have no current drug bills or small drug bills at least. They will have to enroll to save themselves what amounts to a penalty though. CMS has estimated the average monthly premium will be about $32.20 per month.

AARP: http://www.aarp.org/bulletin/medicare

2 Comments:

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Anonymous Blue Cross of California said...

Medicare is a great form of health insurance for many individuals and there is no way it should be cut off as health coverage is a major importance to many.

11:35 PM  

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