One of the most important things that anyone new to Medicare should do is learn some of the Medicare terminologies. Understanding these terms will go a long way in helping you navigate through your Medicare benefits. To help you understand this complicated federal health insurance program, here are the top 5 Medicare terms every new …
Top 5 Terms Every Medicare Beneficiary Should Know Read More »
Medicare Part D does not have a cost that’s set in stone. The premium is different for every policy, but the standard premium is $33.06. Your Part D premium may be a slightly smaller or larger amount. Medicare Part D Deductible Just like how Medicare Part D policies vary in how much their monthly premiums …
Medicare Part D’s coverage applies to a plan-specific medication list known as a formulary. The prescription drug plan has to be purchased separately from Medicare Parts A and B. You don’t have to get Medicare Part D when you’re first eligible – but it is advisable if you take prescriptions and do not have any …
Medicare Part D provides prescription drug coverage. Some drugs are covered under Part B, but for those that are looking for more extensive coverage, Part D is the answer. Who Needs Part D? Medicare does not require Part D enrollment and it is completely up to the beneficiary whether or not they’ll utilize this coverage. Anyone who …
Having prescription drug coverage is a great way to save money on your prescriptions, but keep in mind that you will still have out-of-pocket costs with Medicare Part D. But, what are these out-of-pocket costs? Premiums and Deductibles Part D premiums are an out-of-pocket cost based on income, as well as the carrier and plan …
