During the last three months of 2014, seniors across the country had the opportunity to enroll in one public program that has delivered results for nearly a decade: Medicare Part D.
In 2014, for the ninth year in a row, the majority of the 37 million seniors enrolled in the Medicare Part D prescription drug program said the program works. If you or someone you care about signed up for Part D coverage during last year's open enrollment period, here are three things you have to look forward to in 2015:
- Coverage you need, when you need it. More than nine in 10 Part D beneficiaries say they feel a sense of comfort knowing they'll have access to the medicines they need, no matter when an emergency strikes.
- More time with family and friends. Thanks to Part D's comprehensive prescription coverage, seniors enrolled in the program can manage their health before it manages them. For many beneficiaries, this means they can spend less time in the hospital and more time in the company of family and friends. After Medicare Part D went into effect in 2006, hospital admissions dropped by 8% nationwide. And for beneficiaries with diabetes, hospitalization has decreased by an astounding 23% since the program was initiated.
- Cost savings--for you and the U.S. Without Medicare Part D, nearly seven in 10 senior beneficiaries say they would be unable to afford their prescriptions. In fact, those enrolled in the program save an average of $30 a month on out-of-pocket prescription costs. But that's not all the cost-savings that Part D provides-- the program actually saves the Medicare program over $12 billion annually.
Year after year, Medicare Part D shines as a public policy that truly delivers to Americans. To stay up-to-date on how the program continues to keep seniors happy and healthy this year, be sure to follow us on Twitter and like us on Facebook.