Prescription Drug Plans (PDPs) are available to everyone with Medicare. It is best to get as soon as you are eligible or lose qualifying prescription coverage, whichever comes last. This is because there is a penalty for not having prescription coverage when you are first eligible. In the event you get extra help from the government, most likely there wouldn’t be a penalty.
2 ways to get drug coverage
Medicare Prescription Drug Plan (Part D). These plans (sometimes called “PDPs”) add drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for-Service (PFFS) Plans, and Medicare Medical Savings Account (MSA) Plans.
Medicare Advantage Plan (Part C) (like an HMO or PPO) or other Medicare health plan that offers Medicare prescription drug coverage. You get all of your Medicare Part A (Hospital Insurance)and Medicare Part B (Medical Insurance) coverage, and prescription drug coverage (Part D), through these plans. Medicare Advantage Plans with prescription drug coverage are sometimes called “MA-PDs.” You must have Part A and Part B to join a Medicare Advantage Plan.
2. Once you are comfortable, the best option is to go to https://www.medicare.gov/ and click
3. Review the options and take note of the best 3 you like.
4. We can then review the carriers, and any additional information that can assist your choice.
5. We either enroll you directly, or give you directions on how to enroll with a plan we do not represent.
The benefit of utilizing our help is to make sure your current and future concerns are met as well as us simplifying the process for you!When you join a Medicare drug plan, you’ll give your Medicare number and the date your Part A and/or Part B coverage started. This information is on your Medicare card.
Joining a Medicare drug plan may affect your Medicare Advantage Plan
If you are enrolled in a Medicare Advantage Plan and you enroll in a PDP, you will disenroll from the Advantage Plan and revert to Original Medicare.
