When you turn 65, you’ll most likely begin getting health coverage through a government program called Medicare. That includes Medicare Part A (hospital benefits) and Medicare Part B (medical insurance benefits). You might see that combination called Original Medicare. You’ll have to pay extra for a prescription drug plan (Medicare Part D), and you won’t […]

There are a lot of things to consider when choosing a health plan. If you take prescription medications, you’ll also want to pay attention to which ones are included in your plan’s formulary, or list of covered medications. “Unless you’ve sat down before getting coverage and figured out whether your drugs are covered and looked […]

Prescription plans for seniors who are Medicare eligible can change their coverage at age 65. Why? Because at 65, Medicare beneficiaries are finally eligible for Medicare. It’s something they or their spouse may have paid into for decades while working. However, prescription drug plans for Medicare beneficiaries are not part of Original Medicare. Getting the […]

When it comes to planning your annual healthcare budget, costly prescription medication can make it tough to figure out. For older adults, prescription medication coverage is extremely important. According to the Centers for Disease Control and Prevention, around 24% of adults aged 65 and older have one chronic condition, such as heart disease or arthritis. […]

Heading to the pharmacy isn’t usually a fun experience. After you’ve discussed potential treatments with your doctor and selected a medication that you can both agree on, you generally have to wait some amount of time for the prescription to be filled before you can pick it up and return home. And, to lengthen the […]

Prescription deductibles aren’t too complicated. In fact, deductibles can be one of the easiest parts of a plan to compare. They can be seen at a glance, and there aren’t many factors to consider. But you should know the differences between plans before you decide in order to avoid surprises at the pharmacy or in […]

Medicare Part D, also known as a Prescription Drug Plan (PDP), helps people with Medicare pay for their medication. These plans are purchased from private health insurance providers and come with a variety of benefits and premiums. But for some high-usage Medicare enrollees, they can also come with unexpected expenses, called the Medicare Part D […]

If you’re new to Medicare, you’ll soon learn that each part (A, B, C, and D) provides a different set of health insurance benefits. You may also learn that Medicare premiums are different for each part, too. But how different are they? We explain what each part of Medicare might cost you. Medicare Part A […]

When is the last time you went to the pharmacy? Did you use your health insurance to cover a portion of your prescription price, or did you end up paying for the whole thing out-of-pocket? If the latter is true, you may not be getting the most out of your prescription insurance. When you’re spending […]

Part of my Sunday routine is a large cup of coffee and a thick local newspaper. After skimming headlines and reading articles of interest, I turn my attention to those glossy advertisements and begin shopping. I hunt for bargains on things I need and things I don’t need. I tear out coupons that may or […]

Ever wondered why generics, certain brands, and even some medications cost much less than others? It may have to do with your prescription drug plan’s tier pricing. Learn what tier pricing is, why and how insurance companies use it, and how to use tier pricing to your advantage below. Prescription Drug Plans Define Coverage With […]

How do you pay for your prescriptions? Even with a drug coverage plan, do you wish you could save a little more on your regular medications? And wouldn’t it be nice to get a longer supply so that you could refill them less often? Consider using prescription home delivery. In addition to saving you money, […]