If you rely on various medications to maintain your health, it’s good to know that you can secure benefits through a Medicare Prescription Drug Plan, or Medicare Part D. But different plans cover different drugs, and it’s sometimes challenging to find a plan that covers the specific medications you use. Here’s some guidance on how […]
Category: Medicare Drug Plan
Do I Have to Have Medicare Drug Coverage, and What Will It Cost?
Original Medicare (Part A and Part B) does not include benefits for Part D, or prescription drugs. And while you are not required to have Medicare drug coverage, if you need it, there are only two ways to get it—purchase a standalone Part D plan to add to Original Medicare or get it as part […]
Can I Get ‘Extra Help’ With Medicare Prescription Drug Plan Costs?
The Medicare Part D Prescription Drug ‘Extra Help’ Program was created by the Social Security Administration to help people with limited income pay for their medication. Recipients of Extra Help pay lower drug premiums, copayments and deductibles. As a member of Medicare, you are entitled to purchase a Prescription Drug plan. And, if you have […]
What is the Medicare Annual Notice of Change?
Each fall, if you are enrolled in a Medicare Advantage plan or a Medicare Prescription Drug Plan (Part D), you will receive a “Plan Annual Notice of Change” (ANOC) in the mail. If this is your first notice, or you’re unsure what you are supposed to do with this information, you may find this article […]
Do I Need to Sign Up For Medicare Part D to Avoid Paying a Penalty?
Whether or not you take prescription drugs, you may want to consider your options carefully when it comes to joining Medicare Part D. Unless you have other, creditable coverage offered through work or a union, going without prescription drug benefits may end up costing you money. Do you have to join a Medicare Part D […]