PART D PRESCRIPTION DRUG PLAN
The text below comes from Medicare.gov website
Medicare Prescription Drug Plans are offered by insurance companies and other private companies approved by Medicare. They add coverage to:
- The Original Medicare Plan,
- Some Medicare Cost Plans,
- Some Medicare Private Fee-for-Service Plans, and
- Medicare Medical Savings Account Plans.
With a Medicare Prescription Drug Plan:
- Generally, you pay less for your prescriptions
- You will get a plan member card after you enroll. You use this card when you go to the pharmacy to get your prescriptions filled
- You will pay the co-payment, coinsurance, and/or deductible, if any
If you have limited income and resources, you may get extra help to pay for your Medicare drug plan costs. If you want to compare Medicare Prescription Drug Plans, use the Medicare Prescription Drug Plan Finder on the Medicare.gove website.
Information below is NOT from Medicare.gov
Here are some ranges of co-pays among different Part D drug plans offered by different companies. You can see that you need to shop around and study the plans:
Generics/tier 1: $0 – $15 for one-month supply (depending on the plan you select)
Preferred brand/tier 2: $35 – $45 for one-month supply
Non-preferred brand/tier 3: $70 – $95 for one-month supply
Specialty drugs: 25% – 33%
Don’t sign up for a Part D Drug plan (PDP) or a Medicare Advantage plan with a drug plan (MAPD) unless the agent tells you what your drug co-payments will be.
The “Donut Hole”or coverage gap
In 2013 the Part D coverage gap beings once your costs and the plan’s costs total $2,970.
For more help or questions, call (520) 820-8639.