doughnut hole

Happy Birthday, Social Security — AARP
This summer marks another successful anniversary for Social Security and Medicare as Social Security turns 83 and Medicare turns 53.
Fifteen years ago, President George W. Bush signed the Medicare Prescription Drug, Improvement, and Modernization Act which, among other things, created Medicare Part D to cover outpatient prescription drugs. Today, more than 40 million Americans are enrolled in Medicare Part D prescription drug…
Prescription medicine and money
Since 2006, Medicare beneficiaries have had access to outpatient prescription drug coverage through Medicare Part D. The standard benefit under Part D includes an annual deductible, an initial coverage period when enrollees pay 25 percent of their drug costs, and catastrophic coverage that limits…
Mature couple researching medicine on the internet
By Nicole Duritz
Medicare's prescription drug benefit saves taxpayers billions of dollars by dramatically reducing hospital admissions, a new study shows.
There's a lot to understand about the health insurance marketplace that opens on Oct. 1 - not to mention the Affordable Care Act (or "Obamacare"), which created it. But if you're on Medicare, there's really nothing to be confused about.
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