PRESCRIPTION DRUG COVERAGE

Medicare Part D is a Voluntary Prescription Drug Plan that was introduced in 2006 to help Seniors on Medicare with a way to help them cut down on the costs associated with Prescription Drugs. 

Any beneficiary who is enrolled in Medicare Part A or Medicare Part B is eligible to enroll in a Part D Plan.

Medicare Part D is simply insurance for your medications.  You pay a monthly premium to an insurance company for your Part D Plan. In return, you use the insurance carriers' network of pharmacies to purchase your prescription medications.  Instead of paying full price, you will pay a co-pay, or a percentage of the drug cost, and the insurance company pays the rest.

Plans vary by state but most start around $25-$35 per month.

Two things we always recommend to our clients are:

 #1 You should never overpay for a Part D Medicare Prescription Drug Plan that covers more than you need because you are always able to change or switch your Part D plan each year during the Fall Medicare Annual Enrollment Period that runs from October 15th through December 7th.  Then, if you decide to change plans because either the costs went up or your prescription medications changed, your new plan will begin on January 1st for the upcoming year. 

#2 Everyone should download a copy of the Good RX app onto their Phone, Tablet, or PC. Then, whenever a medication is prescribed check the price on Good RX and compare that with what your new medication would cost with your Part D Drug plan.  In many cases, it is less expensive to use a free Good RX coupon than using your plan.  That is why we compare every medication our clients have to ensure they are in the best plan, to save them the most money and we gladly review their plans each fall to ensure they are always in the right Part D plan that saves them the most money on their prescription medications every year.

In our home State of Arizona, we are proud to offer every Medicare Prescription Drug plan available.  However, we do not offer every Medicare Prescription Drug plan available in every State. Any information we provide is limited to the Medicare Part D plans that we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.”