Medicare Part D

Medicare Part D is a prescription drug coverage plan offered by private insurance companies. It is insurance that covers both brand-name and generic prescription drugs at participating pharmacies in your area. Medicare prescription drug coverage provides protection for people who have high drug costs or from unexpected prescription drug bills in the future.

• Everyone with Medicare is eligible for this coverage, regardless of income and resources, health, or current drug costs.
• You may sign up for Medicare Part D when you first become eligible for Medicare (3 months prior to your Medicare eligibility date and 3 months after). A penalty may be assessed if you do not sign up when you are first eligible.
• You may also enroll during the annual enrollment period from November 15 to December 31 in any year.
• Generally you will pay a monthly premium, which can vary greatly from plan to plan and company to company. Depending on the plan you choose, you may have a deductible, copayment or coinsurance.
• There is extra help from Medicare for people with limited income and resources. If you qualify for extra help, Medicare will pay for almost all of you prescription drug costs.
• Medicare prescription drug coverage will provide significant savings for those of you who have high drug expenses. Even if you are not taking a lot of medications now, you should still take advantage of a Part D plan to protect from future unexpected drug expenses.

Choosing a plan that is right for you can be difficult. Our trained and experienced agents can answer all your questions and help guide you to the Medicare Part D insurance plan most appropriate for your needs. Consider Rosenheck and Co.