Wednesday, October 6, 2010
Where's my $250 rebate?
Perhaps you've heard your neighbor, golf partner, friend, etc.. gloating about receiving a $250 check in the mail from the gov't. Don't be too envious because that check comes with a price!! As part of the Affordable Care Act the government is slowly closing the "infamous" coverage gap in Medicare part D that seniors loathe! This is a several step process that consists of a $250 AUTOMATIC rebate that is sent to those Medicare beneficiaries who hit the part D coverage gap in 2010. You do not have to do anything to claim this rebate which means no need to fill out forms or file any paperwork. In 2011 the rebate goes away and all of your brand name prescription drugs are discounted by 50%. This discount happens at the drugstore with no rebate or paperwork!
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