A D V E R T I S E M E N T
A D V E R T I S E M E N T
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Attorney General John Kroger warns Oregon seniors and other Medicare recipients not to provide personal information to anyone calling about the Medicare $250 rebate check.
The Affordable Care Act passed by Congress and signed by President Obama earlier this year contains some important benefits for Medicare recipients.
Beginning June 10, 2010, many Medicare recipients will receive a one-time, tax-free $250 rebate check.
Those who qualify for the tax-free $250 rebate will automatically receive their check, and no additional information or actions are required to receive the rebate.
Most Medicare drug plans have a coverage gap.
Medicare recipients on expensive or numerous drugs can find themselves paying the full cost of their prescription out-of-pocket while in the coverage gap.
The term "donut hole" refers to the coverage gap under Plan D, where Medicare stops paying pharmaceutical coverage at $2,830 before it starts paying again at $4,550.
The one-time $250 tax-free rebate check for folks who enter the "donut hole" is the federal government's first step toward closing the Medicare prescription drug coverage gap.
Scam artists are already trying profit by spreading misinformation about the $250 rebate checks.
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