Information you need to live a happy, worry-free retirement!
May 7, 2013
What is Medicare Part D?
Affordable coverage for your generic and brand-name prescriptions
Medicare Part D is the government’s prescription drug program that is available to all people eligible for Medicare. Plans are available through private insurance companies and can be purchased as a stand-alone plan or in conjunction with Medicare Advantage.
Why Medicare Part D?
To find out which Medicare Part D plan is right for you, call a Benefit Advisor at 1-866-800-5566.
Medicare Insurance Learning Center
Are You Eligible for Extra Help with Drug Costs?
If you’re a Medicare beneficiary with limited income and resources, you may qualify for a Low-Income Subsidy (LIS), also known as “Extra Help,” to help pay for prescription drugs costs. Unfortunately, many consumers who actually qualify for extra help don’t know that they do.
Unlike your homeowner’s insurance policy, which probably renews year after year with little attention paid, Medicare Part D costs and coverages change every year. That’s why it’s so important to review your plan every year to make sure you’re still getting the best value.
A recent report by Avalere Health, found that all of the top 10 Medicare prescription drug plans, known as Part D or PDPs, will see premium hikes next year and at least seven will see double-digit hikes.