Part D

Part D is the Governments way of assisting Seniors to be able to afford the skyrocketing cost of prescriptions. Although started by the government through Medicare, it is not a government program and yet again it is. The confusion begins. Part D benefits are provided by an insurance company, not Medicare. Medicare however set the minimum benefits as shown in the diagram below. Beyond the minimums, the insurance company may at it’s option improve the benefits. 

We are providers of Part D. Contact us to help select the best plan for you.

Offering NO DEDUCTIBLE and Nation wide coverage. 

The plans rates starting at $23.70 Contact us for full details

You, as the consumer must decide which company you wish to work with. If you were eligible and chose not to enroll in a program by May 15th, 2006, you may be assessed a 1% per month penalty from May until when you do enroll per Medicare rules. For those just turning age 65, you have up to 3 months after age 65 to choose a plan. After that, you will be subject to the 1% per month fee when you do choose a plan.

You may join when you first become age 65 and are eligible for Medicare.

The next open enrollment period is November 15th until December 31, 2007.

You may switch companies from Nov. 15th to Dec. 31st. only

Later we will discuss if you currently have some drug coverage.

This diagram is the basic cost structure according to Medicare

The first cost you encounter is the deductible. Some companies will waive the deductible, charge only a portion of the $250, or the full $250. Some plans will eliminate the “Donut Hole” where your cost becomes 100% of the medical costs.

You will have a monthly premium which varies from company to company. They may offer different levels of benefits at different costs and different deductible amounts. You may also have different costs according to the type of drugs available to you.

After the deductible, according to your specific company plan, you enter the cost sharing as described above.

Comparing Companies

When you are looking at different programs, you need to also look at several details:

Are all of your drugs available from one provider?

What drugs that I use are covered and at what cost?

Will the plan I choose help me away from my home area?

Look at several plans before you purchase one.

Q. I currently have drug coverage.

If you currently have coverage for drugs from an Employer, HMO, Veterans Admin., Union benefits, Tri-Care etc. you are not required to obtain a Plan D. This would only duplicate coverage. You may however switch if you can improve over your current benefits.

Contact us to assist you in choosing a Plan D

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