Many Questions about Medicare Part D
There are estimates that at least 40% of individuals that have Medicare Part D do not understand their coverage.
Part D is designed to cover many of the drug/medication costs of individuals enrolled in the plan. Since Part D is not part of the original basic Medicare coverage, there is usually a premium charged. An individual can purchase a Medicare prescription drug plan or a Medicare Advantage Plan.
Both types of plan have limits to them, so it is essential that you research the plans that are available and find what is right for you. With most plans, you will pay a premium and they will pay part or all of your prescriptions. There is extra help for individuals on very limited income.
It is important to note that depending on the plan you choose you could be liable for up to $2,500 in prescription costs. It is important to consider the cost, the amount of co-pays and the amount of coverage you will have. Additionally, there are supplemental plans – often at little or no cost – from organizations such as AARP, Humana and many other companies. These plans cover some costs that Medicare Part D does not. Sometimes these plans offer a discount on prescriptions.
To research Medicare Part D, drug costs, which prescription plan is right for you, and other information, visit the official Medicare website at www.medicare.gov or call 1-800-MEDICARE (1-800-633-4227) and ask a representative for the information you need. You can also check for supplemental plans by checking the internet and type “Supplemental Prescription Medicare Coverage” into Google or any other search engine, and you will find several pages of plans.
Whatever you decide and whatever questions you have, take the time to do a little research so you can find the coverage you need – and so that you can understand the coverage you have.
