Once you hit the "donut hole" in the BJ's Aetna Medicare Advantage program, the federal government will automatically send you a tax-free check for $250 within 45 days. There are no forms to fill out. Next year the government will subsidize half of your donut-hole cost. By 2012, there will be no donut hole.
For those who don't know, the donut hole is when the total cost of your prescriptions, no matter who pays for them, hits $2,830 for 2010. I hit my donut hole in May. After that, you pay 100% of the cost of all brand-name drugs.
Click on the headline for more details.
Aetna gets more than $1,000 from the government for handling your Medicare Advantage than it cost Medicare to do its own bookwork. That will be reduced in future years.
Go to
http://www.medicare.gov/Publications/Pubs/pdf/11467.pdf
for additional details.
To see how I’m saving myself $2,101.54 in prescription costs for the final six months of 2010, click on Canada
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