What You Should Know about Part D Coverage

Before enrolling in coverage of any kind it is important to be sure you have a clear understanding of your coverage. That is why if you are considering enrolling in Medicare Plan D, you should familiarize yourself with the coverage it affords.

Understanding Medicare Plan D

Medicare Plan D is a prescription drug coverage plan. It will cover both generic and name-brand drugs. It is meant to both help folks who already have high prescription drug costs, as well as to help with prescription drug costs rise in price each year. There are numerous plans available offering varied costs and coverage.

Everyone who is eligible for Medicare Part A is eligible for Medicare Part D. You must enroll in Plan D three months before or three months after you become eligible, or you will have to wait for an open enrollment period. Open enrollment usually takes place in the last few months of the calendar year.

If you elect to enroll in this coverage you will be responsible for paying monthly premiums as well as a yearly deductible. If you are a low-income person, you might be eligible for lower or no cost plans, including Medicaid. You should the social security office if you think you might be eligible for these low-income plans.

It is important to have prescription drug coverage even if you don't currently take a lot of prescription drugs. As people get older they tend to have an increased need for prescription drugs. It is better to be covered in case this happens to you. The peace of mind it brings to know you won't be wholly responsible for raising drug costs is worth any premium you might pay.

^*You may be able to get extra help to pay for your prescription drug premiums and costs. To see if you qualify for getting extra help, call:

• 1-800-MEDICARE (1-800-633-4227). TTY/TDD users should call 1-877-486-2048, 24 hours a day/7 days a week;

  OR

• The Social Security Administration at 1-800-772-1213 between 7 a.m. and 7 p.m., Monday through Friday. TTY/TDD users should call, 1-800-325-0778; or Your State Medicaid Office.