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Seniors Taking Prescription Drugs Need to Check 2023 Medicare Drug Plans Advises AAMSI

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“Most drug plans renew once a year in January at which time they can charge more for various medications,” explains Jesse Slome, director of the Medicare-focused organization. “Many price increases are nominal but some can be very significant so it is vital to check now.”

Slome was sharing the importance of comparing Medicare drug plans with a group of seniors that have stand-alone Medicare Part D coverage. “Medicare gives every senior the chance to review their coverage for next year and switch to the best plan based on the drugs they take,” Slome explains.

In January 2022 some 3,239 drugs experienced price increases. That was a increase over the 3,164 for the prior year and 2,394 for 2019. “The average drug…

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