Prescription Drug Plans, also known as Medicare Plan D or PDP provide prescription drug coverage to seniors enrolled in Original Medicare Parts A and B. PDP Plans are administered by private insurance companies. All plans must meet basic coverage standards as defined by the Federal Medicare Program.
Choosing a PDP is easy. If you are currently taking any prescription drugs you will want to do a search for plans that offer drug coverage for your specific needs. This is easy to do at Medicare.gov using their prescription drug finder tool. Once you’ve determined your specific drug is covered under a plan, you will want to compare the specific copays and deductibles.
On this page you will find a list of post and articles explaining PDP Plans and their benefits. If you cannot find the answer you are looking for give us a call. At Medigap Planner our licensed advisors are standing by to help you choose and enroll in the plan of your choice.
The Annual Enrollment Period is the best time to check your current coverage against the competition. Any 2017 changes to your plan, such as rate increases, benefit reductions, and loss of specific drug coverage will be locked in when it’s over. Get a free no-obligation policy checkup.
You can enroll in a Prescription Drug Plan due to changes made by The Medicare Prescription Drug Improvement and Modernization Act of 2003. The legislation created new drug coverage options for seniors eligible for Medicare.
The Medicare Advantage Star Ratings system is used by the Centers for Medicare & Medicaid Services (CMS). It’s a quality rating system with the highest score being five stars. How is this rating determined and how much should it be considered when choosing a plan?
Congratulations! Turning 65 is a milestone. You’ve worked hard and hopefully saved enough for retirement. Either way, this is the time to make some necessary decisions regarding your healthcare and finances. The following is a turning 65 checklist to help guide you through this critical period.
A Medicare Part D Formulary refers to the entire list of prescription drugs covered under a Part D Prescription Drug Plan (PDP). The list is usually divided into groups. These groups are based on your cost under the plan and referred to as tiers.
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