Part D-PRESCRIPTION Drug Plans
You can sign up for Part D Prescription Drug Plans, which helps cover prescription drug costs, along with other components of Medicare starting three months before your 65th birthday. It's important to do this on time because there's a permanent premium surcharge for enrolling more than three months after your 65th birthday if you don't have equivalent drug coverage from another source, such as a retiree plan.
What is the Penalty?
The definition of the Part D Prescription Drug Plan penalty is 1% of the National Average Premium multiplied by the number of months you did not have a drug plan.
Choosing a prescription drug plan is simply choosing the Right Drug Plan for YOUR MEDICATIONS. Nothing Else. It’s not about the flyer you received in the mail with the beautiful pictures that made you feel so good, you decided that plan must be the best one. It’s about the meds! So, what meds are you taking? What are the dosages? How many times per day do you take them? And… What Pharmacies do you like to use? Or Do you like mail order?
The answers to these questions will be what decides the right plan for you.
Let us help you with your enrollment
f you are already enrolled in a Part D "standalone" plan or a Medicare Advantage plan that incorporates drug coverage, you can switch plans during the open-enrollment period, which runs from Oct. 15 to Dec. 7 every year.
This information was obtained from www.medicare.gov
What is the Penalty?
The definition of the Part D Prescription Drug Plan penalty is 1% of the National Average Premium multiplied by the number of months you did not have a drug plan.
Choosing a prescription drug plan is simply choosing the Right Drug Plan for YOUR MEDICATIONS. Nothing Else. It’s not about the flyer you received in the mail with the beautiful pictures that made you feel so good, you decided that plan must be the best one. It’s about the meds! So, what meds are you taking? What are the dosages? How many times per day do you take them? And… What Pharmacies do you like to use? Or Do you like mail order?
The answers to these questions will be what decides the right plan for you.
Let us help you with your enrollment
f you are already enrolled in a Part D "standalone" plan or a Medicare Advantage plan that incorporates drug coverage, you can switch plans during the open-enrollment period, which runs from Oct. 15 to Dec. 7 every year.
This information was obtained from www.medicare.gov