Medicare prescription drug plans (PDP) are also referred to as Part D insurance. It helps pay for the medications your doctor prescribes.
You can get Part D drug coverage through a standalone prescription drug plan or as part of many Medicare Advantage (Part C) plans. Original Medicare (Parts A and B) or a Medicare Supplement does not cover prescription drugs. Many people who chose Original Medicare also purchase a standalone Part D plan.
Medicare Part D plans are offered by private insurance companies approved by Medicare. Plans must meet federal guidelines for coverage and benefits. They must cover certain types of drugs and offer at least the minimum benefits. But plans have extensive flexibility. They can determine which specific drugs they will cover and how much plan members must pay out-of-pocket when filling prescriptions. In addition, there are over 30 different plans available in the market and the only way to accurately determine which plan will best serve your prescription needs is via the Prescription Drug evaluation tool on Medicare.gov.
There are three ways to obtain a Medicare.gov Prescription Drug Plan evaluation.
- You can perform the evaluation yourself on via Medicare’s Website. Please download and print this step-by-step instructional guide on how to perform the evaluation on Medicare.gov.
- You can call Medicare @ (800) MEDICARE or (800) 633-4227 and they will perform the evaluation for you over the phone.
- We can perform the evaluation for you if complete this Prescription Drug List Form.
Once you have found a plan that best meet your needs, please call contact us @ (800) 300-0205 for assistance before enrolling in the plan.
Please contact me if you would like to more information or recommendations on Medicare Part D Insurance.
Eilene Rothman
Phone: (800) 300-0205
Email: Eilene@InsuranceRus.com
Medicare Part D FAQs:
What’s not covered by Medicare prescription drug coverage?
What are the coverage limits with Medicare prescription drug plans?
What is the Donut Hole / Coverage Gap?
What pharmacies can you use with a Medicare prescription drug plan?
What is a tiered formulary?
When can I change my Medicare prescription Drug Plan?
What is the Annual Enrollment Period?