Arkansas Legal
Services Programs
Center for Arkansas Legal Services
303 W. Capitol, Suite 200
Little Rock, AR 72201
(501) 376-3423
fax (501) 376-3664
Legal Aid of Arkansas
714 South Main Street
Jonesboro, AR 72401
(870) 972-9224
fax (870) 910-5562
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How much does Part D coverage cost?
There
are three categories of out-of-pocket expenses associated with each Part D
drug plan: Monthly Premium, Yearly Deductible, and Co-Payments.
The Monthly Premium is the amount you pay each month to the Part D
plan for coverage. Each Part D plan has a different Monthly Premium.
In Arkansas, the Monthly Premiums range from $10-$68. On the Medicare website
you can find the cost of
Monthly Premiums of Part D plans offered in Arkansas.
The Yearly Deductible is the amount you pay before your coverage begins.
This amount is in addition to your Monthly Premium. The amount of Yearly
Deductible is $250. This means that for the first $0-$250 of your drug
costs, you pay 100%.
A Co-payment is the amount you pay for your prescriptions after you
have met the Yearly Deductible amount. Your Co-Payment will vary depending
on your total drug costs. In general,
- When your drug costs are between $251-$2,250, you pay 25%
of the costs.
- When your drug costs are between $2,251-$5,100, you pay
all of your drug costs.
- When your drug costs are above $5,100 in any one
year, you pay 5% of the costs, or a co-pay of $2/$5, depending on your Part
D plan.
See the chart below.
| NOTE:
Your costs may be LESS if you qualify for "
extra help. |
MEDICARE COVERAGE
BASIC BENEFIT FOR 2006
(Amounts do not include Monthly Premiums)
Drug Costs
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Medicare Pays
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You Pay
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0-$250
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0
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Up to $250
(this is your Yearly Deductible)
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$250-$2,250
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Up to $1,500
(75% of costs)
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Up to $500
(25% of costs)
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$2,250-$5,100
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0
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Up to $2,850
(100% of costs)
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Over $5,100
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95%
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5%, or $2/$5 co-pay
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Content provided by Maine Legal Services
for the Elderly
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Copyright © 2004 - 2007
Arkansas Legal Services Partnership
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