Lewis Chamberlain: Better understand how Medicare medication programs work
Medicare Part D provides insurance coverage for prescription medications. Under this program, insurance companies and other private firms contract with Medicare (Medicare pays most of the premium) to provide prescription drug benefits to Medicare beneficiaries.

CVS Caremark Corporation Settles FTC Deceptive Pricing Charges
Many Seniors and Disabled Consumers Hit With Higher Prices for Prescription Drugs WASHINGTON, Jan. 12, 2012 /PRNewswire-USNewswire/ -- CVS Caremark Corporation will pay $5 million to settle Federal Trade Commission charges that it misrepresented the prices of certain Medicare...

Health Net sells Medicare unit to CVS for $160M
Health Net Inc. said Monday it will sell its Medicare Part D stand-alone prescription drug business to CVS Caremark for $160 million.

Covering the Bases: Understanding Part B's enrollment periods
I have diabetes. I have Medicare Parts A, B, and D. I also have a Medigap plan to supplement my Medicare Parts A and B. There is some confusion about which card I use to cover my insulin and which card I use for my test strips. Medicare Part B covers test strips. Under the Part B benefit, you will have a 20 percent copayment for these test strips (once you have met your yearly Part B deductible ...