Friday, November 4, 2011

Facts About Medicare Plan D

When it comes to health care prescription benefits, many seniors are taking advantage of the new Medicare Part D plans. These plans allow seniors who do not have supplemental health care coverage for their medications to receive coverage that can reduce the amount they spend on drugs. Medicare Part D is a federal program to subsidize the costs of prescription drugs for Medicare beneficiaries in the United States. The coverage is provided by private companies that have been approved by Medicare.

If you are considering enrolling in Medicare Plan D, you should familiarize yourself with the coverage it affords. Medicare Plan D is a prescription drug coverage plan that will cover both generic and name-brand drugs and is meant to help seniors who already have high prescription drug costs. 

Everyone who is eligible for Medicare Part A is eligible for Medicare Part D. There is no screening for pre-existing conditions or high drug costs.  Plans must take everyone who is eligible and enrolls. You must enroll in Plan D three months before or three months after you become eligible, or you will have to wait for an open enrollment period. Open enrollment usually takes place in the last few months of the calendar year.

Choosing Part D of the Medicare Health Plan is a very important decision. Once you are enrolled in the plan, you will probably need to wait until the next open enrollment period in order to change plans.  To learn more about Medicare Part D visit the website.

Disclaimer:  This was a sponsored post and links were provided.
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1 comment:

rager4me said...

I couldn't agree with you any more on how many seniors really are taking advantage of the new Medicare Part D Plans. I believe that seniors have to pay such steep prices for their drug prescriptions, and the part D plan is extremely helpful to them. It can save the seniors so much money.

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