Summary
Dear Savvy Senior: I've been reading about the new prescription drug benefits and want to find out how this works with my current policy. Last year my medicine cost nearly $4,000. I have a Medigap policy now, which helps cover medication but it also covers other medical expenses too. Can I keep my current Medigap policy or will I need it when the Medicare drug benefit kicks in 2006? - Anxious Andy
Dear Anxious: Yes, you can keep your current Medigap drug benefit policy, but you can't have the Medicare (Part D) drug benefit too! After 2006, new beneficiaries won't even be allowed to get a Medigap policy that includes drug options, but seniors like you, who already have a policy will be allowed to keep it, but there are some consequences. You'll have to decide which plan is most cost effective for you.See the full content of this document
Extract
Savvy Senior: ; Are Medigap and Medicare Compatible?
Savvy Note: You can keep an ordinary Medigap plan, without drug benefits, but it can't be used to fill in the gaps in Medicare drug cov...
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