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Medicare Part D Plans: What You Need To Know
If you are 65 years or older — or under 65 with certain disabilities — you may qualify for a Medicare Part D plan. Anyone covered by Medicare is eligible for prescription drug coverage.
You don’t need to sign up for Medicare Part D if your current prescription drug plan is better than or equal to Medicare's prescription drug plan.
Private insurance companies approved by Medicare provide consumers with Medicare Part D plans. You may even qualify for cost assistance with your Medicare Part D coverage through a low-income subsidy based on income and asset requirements. This Extra Help may be worth up to $4,000 a year. Find out if you qualify here in 15 minutes or less.
Tips on Shopping for Medicare Part D Plans
There are different types of Medicare Part D plan options. These plan options change from year to year. Here are six tips you should consider when shopping for Medicare prescription drug plans:
- Do you know what prescriptions you take? Ask your pharmacist for a list.
- Do you already have prescription drug coverage through another insurance plan?
- Do you want to be able to get your prescriptions by mail?
- Do you want to stay with the pharmacy you are using now?
- Review the premium and annual deductible of any Medicare Part D plans.
- Review plan benefits before you enroll.
Starting your search for a Medicare Part D plan may not seem easy, but educating yourself before you begin can help.
Where Can I Get Medicare Part D Insurance?
If you are over 65 and don’t have prescription drug coverage, it’s worthwhile to consider getting a Medicare Part D plan. There are thousands of plans with a wide range of premiums and benefits. While sorting through the large amount of information regarding these plans, you may need the help of a knowledgeable agent to help you start your search.
HealthMarkets has thousands of knowledgeable, licensed agents. Plus, we’re available over the phone 24 hours a day, seven days a week, and our service is free.
Medicare Interactive: http://www.medicareinteractive.org/page2.php?topic=counselor&page=script&script_id=451