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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

Saturday, December 20, 2008

Medicare Part D: Penalties For Brand Drugs Hidden From Beneficiaries

PART D GUIDE
Click here for the complete Part D guide

It's Open Enrollment For Drug Coverage To December 31, 2008
Many Plans Will Cost More In 2009
It Pays To Compare

AARP has called on Medicare to prohibit a little-known practice that some Part D drug plans are using to charge enrollees a sometimes substantial penalty if they choose certain brand-name drugs instead of their generic equivalents. Under a formula known as reference-based pricing, Medicare currently allows plans to charge enrollees the full price of the brand-drug plus the normal copay for that drug minus the full price of the generic............

AARP

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