What is a Medicare Prescription drug plan?
Medicare Prescription Drug Plans (sometimes called “PDPs”) add prescription drug coverage to Original Medicare, some Medicare Private Fee-for-Service (PFFS) Plans, some Medicare Cost Plans, and Medicare Medical Savings Account (MSA) Plans.
How do I get prescription coverage with Medicare?
Give us a call at (1-800-235-0876)
- We will your current coverage
- Let us know what medications you take,
- The dosage and times per day
- We will look to see which plan is best for you for the upcoming year.
Medicare Part D is what covers prescription drugs and carries a monthly premium. If a Medicare beneficiary doesn’t enroll in Part D on time, a penalty will be added to their premium moving forward. Penalties are waived in instances that your client has existing credible coverage.
Part D plans follow the annual election period (AEP) schedule and can be changed every year between October 15th and December 7th.
It’s very important to review these plans annually because the tiers and copay’s can change.