Prescription drug coverage is a great thing to have, even if you don’t use prescription medications on a regular basis. The cost of medications can be high, and in some instances, more than you can afford. With prescription drug coverage, the cost is kept to a minimum, making it easier for you to get the medication you need when you need it. You have several options to choose from with this type of coverage. Talking to the experts will help you make an informed choice.
Medicare Drug Plans and Medicare Advantage Plan (Part C)
Medicare drug plans and the Medicare Advantage Plan are the two main ways to get prescription drug coverage. With a Medicare drug plan, prescription drug coverage is added to your regular coverage. If you plan to enroll in this type of insurance plan, you will need to have both Medicare A and B in place before filling out the application. The Medicare Advantage Plan offers all of the coverage in one plan (parts A, B, and your prescription drug coverage). Not all Medicare insurance plans start out with prescription drug coverage so it’s important that you ask questions when you first sign up.
Joining a Drug Plan
To begin, you will need to choose a Medicare drug plan that you are interested in. Enrolling in the Medicare Plan Finder is the best place to start. You will need to fill out the enrollment form and then call your insurance provider. You will need to have your Medicare card close at hand so you can provide your Medicare number and the enrollment dates for your Part A and Part B coverage. Your provider will ask you several questions as they try to find the best possible prescription drug coverage for you.
Consider Different Drug Plan Choices
Before making any long-term decisions, you will want to explore all of your options. Learn as much as you can about the different prescription drug plans that are available. If you have existing drug coverage from a Veterans Affairs (VA) program, TRICARE, your employer, or a Medicare supplement plan, you will want to see how obtaining new coverage will affect what you already have in place. Talking to an insurance expert will help you figure things out and ensure that you have the best coverage in place at all times.
When looking for any new insurance coverage, you need to be properly informed. Talking to our reputable agents at Medicare Advisors will help you understand all of the intricacies of your Medicare and prescription drug insurance policies. With this type of insurance, you can’t just sign up and hope you are covered. You need to make it a point to learn as much as you can before you sign up, so you don’t end up paying more out of pocket later. For more information, contact us today!