If you are nearing eligibility, it may be helpful to have Medicare explained.
Here is what Original Medicare (Parts A and B) is for as well as a few Medicare insurance plans that you may find necessary to add.
Cancer plans are insurance policies that supplement your current health plan to help cover the cost of hospital stays, chemotherapy, and other types of cancer treatment.
Medicare Supplements, also known as Medigap, are insurance policies that help you pay the coinsurance and copayments Original Medicare requires of you.
There are 10 plans lettered A through N that each cover a different percentage of your out-of-pocket costs associated with Medicare.
Medicare Advantage plans, also known as Medicare Part C, are insurance plans that take over for your Medicare Part A and Part B coverage while providing additional benefits you would not receive through Medicare alone.
Medicare Part D is an insurance plan that helps pay for your prescription medication.
Original Medicare does not come with this kind of coverage. You’ll have to purchase a standalone plan or receive it through a Medicare Advantage plan.
Not sure what Medicare insurance you would need and would like to compare options?
Our licensed Medicare insurance agents can help you do that while educating you on what is available in your area.
We have acquired an abundance of knowledge, and we’re eager to share this expertise with you in the form of articles and blog posts.
Medicare Part D is a standalone prescription drug plan for Medicare enrollees. To enroll in Part D, you must be enrolled in either Medicare Part A or Part B. Every Part D plan has a formulary that contains the list of covered prescription medications. The drugs covered in prescription drug plans are divided into different …
Medicare Part D offers prescription drug coverage and is provided by private insurance companies. Part D is available as either a standalone plan that works with Medicare Part A and Part B or through a Medicare Advantage plan. Part D coverage and benefits vary depending on the company. The list of drugs a Part D …
Top Three Things to Consider When Deciding on a Part D Plan Read More »
If you are familiar with Medicare, you know that all of the monthly premiums and yearly deductibles can add up. Fortunately, there are certain programs like the Part D Extra Help Program that can help you keep your coverage while also protecting your wallet. Read on to learn more about the program and how it …
Part D is the part of Medicare that covers prescription drug costs. It is optional and incurs an extra monthly premium, but its short-term costs often pay off in the long run for most people. Some people are eligible for financial help to offset the short-term costs. This Extra Help, also referred to as the …
Medicare drug coverage offers to pay for all the prescription drugs you need to better your health. Hence, you should consider opting for Medicare prescription drug coverage if you have not yet given it a thought. It does not matter even if you are someone who doesn’t take prescription drugs now, having Medicare drug coverage …
Medicare provides all types of healthcare coverage, but Medicare Part D covers your prescription drug needs. This plan covers drugs of all types, including generic and brand-name drugs. Everyone with Medicare Parts A and B are qualified to enroll in Medicare Part D. However, it is optional. You can either enroll in Part D through …
Medicare Part D is a part of Medicare that provides you with access to prescription drugs. This plan is offered by Medicare-approved private insurance companies. The plan also provides insurance against the cost of catastrophic drugs. The cost of Medicare Part D mostly depends on the prescription drug plan the beneficiary chooses and whether they …
Medicare Part D Prescription Drug Plans create a list of prescription drugs that they will cover, called a formulary. These update every year, and the plans notify all beneficiaries with an Annual Notice of Change. Some changes may be due to new generic brands becoming available or prices changing. What is Covered? Each company that …
What prescription drugs are covered under Medicare Part D? Read More »
Medicare Part D is insurance for your prescription needs. When enrolled in Medicare Part D, you pay a monthly premium to your Part D plan’s insurance carrier. You then use the insurance carrier’s network of pharmacies to purchase your prescription medications. Medicare Part D allows you to pay a copay or percentage of your drug’s …
Many Medicare Part D plans have a coverage gap, which is also called a donut hole. This essentially means that there is a temporary limit on what the drug plan will cover your drugs. Not everyone will enter the coverage gap, as the gap begins after a certain amount has been spent to cover prescription …
