Skip to main content

Medicare 102

Nov 01, 2016 08:30AM ● Published by Jason Huddle

Medicare 102

For many, the biggest challenge in choosing the right Medicare plan lies in what medications are or are not covered by their plan. This is a problem encountered all too often by Cannon Pharmacy pharmacist, Michael Rea.

“This can be as simple as switching to another drug or as unfortunate as needing to have a more expensive plan to cover a medication,” he explains. “If a patient signs up for the wrong plan, the results can be drastic. A patient may not have access to a medication they need due to it not being covered or due to the cost under the plan in which they are enrolled.”

Another challenge that has arisen in the last few years is that of “preferred pharmacies.” This is much like how some health plans work to include some providers at a lower cost than others. Therefore, the Medicare plan chosen should be based upon the pharmacy the patient uses in order to get the best prices.

Fortunately, there are some programs in place to assist seniors in choosing the correct Medicare plan and even affording the prescriptions they desperately need.

For seniors living on a fixed income, there is a program through Social Security called “Extra Help with Prescription Drug Costs.” This is an income-based program that reduces the monthly premium of the plan and reduces the cost of the medications. This has helped many customers afford their medications and all their other expenses as well.

Rea also says that Cannon Pharmacy is continuing to assist patients with a “Free Medicare Checkup,” which we covered extensively last month. This is a free service offered by Cannon Pharmacy that assists seniors in selecting the right Medicare plan for their needs and they don’t need to be a customer to participate.

The Medicare open enrollment period continues through December 7. Rea points out that there are a couple of exceptions to this, but those exceptions affect a small number of people, making getting a yearly Medicare checkup done crucial. “A poor decision now might cost you for an entire year,” he says.

Article By: Jason Huddle and Michael Rea 

Sponsored by Cannon Pharmacy:

 

Like what you're reading? Subscribe to Cabarrus Magazine's free newsletter to catch every headline

In Print, Health+Wellness medical care Cannon Pharmacy Medicare Enrollment
  • BROWN BAG COLORING FOR ADULTS

    11/24/2017
    11:00AM — 02:00PM

    • Coloring books aren’t just for kids anymore. Bring your lunch and color your stress away. We pr...


  • Gingerbread Community of Hope

    11/24/2017
    01:00PM — 09:00PM

    Create a part of the gingerbread community of hope and see it on display during Dickens' Holiday ...


  • Speedway Christmas 2017

    11/24/2017
    06:00PM

    Speedway Christmas is returning to Charlotte Motor Speedway and is even bigger and better in its ...


  • Turkey Trot Dance Social

    11/24/2017
    08:00PM — 10:00PM

    After a day of enjoying your Thanksgiving favorites (maybe too much!) come out and have a fun nig...


It looks like we don't have any events for this date. You can always add an event.

  • A VET TOGETHER

    11/28/2017
    09:00AM — 11:00AM

    • Join Cabarrus Veterans Coalition the first Tuesday of each month at Carm’s for free coffee and ...


  • Beginner Belly Dance Class

    11/28/2017
    07:00PM — 08:00PM

    Have you always wanted to learn to belly dance but were too nervous to give it a try? Stop waiti...


It looks like we don't have any events for this date. You can always add an event.

  • Sip & Shop

    11/30/2017
    09:00AM — 09:00PM

    Give the gift of North Carolina pottery this year during Sip & Shop, the Cabarrus Arts Council's ...


  • TODDLER STORY TIME

    11/30/2017
    10:30AM

    • Children from walking age to three years old with caregiver. Songs, stories, finger plays follo...


  • Speedway Christmas 2017

    11/30/2017
    06:00PM

    Speedway Christmas is returning to Charlotte Motor Speedway and is even bigger and better in its ...


  • A Closer Look

    11/30/2017
    07:00PM

    A sneak peek into the world of curators, artists and interior designers, these evenings are espec...


  • Turkey Trot Dance Social

    11/24/2017
    08:00PM — 10:00PM

    After a day of enjoying your Thanksgiving favorites (maybe too much!) come out and have a fun nig...


  • Holiday Sip & Shop

    11/25/2017
    01:00PM

    Please Join Makers on North Union for a Holiday Sip & Shop! Hosted by The Bead Lady, Hive & Shoe...


  • On Saturday, November 25 at 6pm, celebrate the start of the Christmas season in Kannapolis with t...


  • Come celebrate an evening of exhilarating holiday entertainment with the Charlotte Civic Orchestr...


  • Sip & Shop

    11/30/2017
    09:00AM — 09:00PM

    Give the gift of North Carolina pottery this year during Sip & Shop, the Cabarrus Arts Council's ...


  • Live entertainment from a variety of local musical and dance groups including Victoria Layton (so...


  • A Broadway Christmas Carol

    12/01/2017
    08:00PM

    Created by Kathy Feininger PG Performances: December 1, 2, 3, 9, 10, 16, 17; 2016 @ 8pm ...


  • The Kannapolis Intimidators are hosting the second annual three-day Holiday Laser Light Experienc...


  • Cookies with Santa

    12/06/2017
    03:00PM — 05:00PM

    Bring your kids to enjoy cookies with Santa at The Galleries on Wednesday, December 6th from 3-5p...


  • Holiday Sip & Shop

    12/09/2017
    01:00PM

    Please Join Makers on North Union for a Holiday Sip & Shop! Hosted by The Bead Lady, Hive & Shoe...


  • Art Lab

    12/13/2017
    10:00AM

    Kids 8+ will learn the forms and styles used by potters and tour the Clay exhibition, Wednesdays,...


  • A Broadway Christmas Carol

    12/15/2017
    08:00PM

    Created by Kathy Feininger PG Performances: December 1, 2, 3, 9, 10, 16, 17; 2016 @ 8pm ...


Get Cabarrus Magazine Delivered to Your Door!

Subscribe today!

Proudly Brought To You By These Community Sponsors