You don’t automatically get Medicare part D drug prescription coverage as a beneficiary of Medicare. Medicare part D drug plans are optional and it is important for someone who takes medications frequently. It is important to sign up for Medicare Part D coverage if you want help with most of your medication costs. Information about Medicare Supplement plans 2019 can be found by visiting https://www.comparemedicaresupplementplans2019.com
You are eligible for Medicare Part D prescription drug plan if you have both part A and Part B. Also if you live in an area of a Medicare Part D prescription drug plan. If you are interested to get your prescription drug coverage through Medicare Advantage plan, you must live in the service area of a Medicare Advantage plan and have both part A and part B.
There are several types of Medicare part D drug plans you can get them in two different ways. This will depend on whether you are enrolled in either Medicare advantage or original Medicare. Medicare part D drug plan is available through:
Medicare Advantage prescription drug plan
In order to get all your Medicare benefits under one plan, you can get a Medicare Advantage (part C) plan which includes drug prescription coverage.
Stand-alone Medicare prescription drug plan
If you have original Medicare coverage you can add this as a benefit. You can, therefore, enroll in any part D prescription drug plan that is available in the area you live.
It is not necessary to enroll in a Medicare Part D coverage because it will not affect the original Medicare coverage you have. But if you are taking medications currently, it is important for you to enroll in a stand-alone Part D prescription drug plan which will help you with your prescription drug costs. As soon as you are eligible, it is important to sign up for Medicare Part D. If you choose to enroll later than the enrollment period you have to pay a late enrollment penalty.
You can also sign up for Medicare Part D drug plans during the open enrollment period for Medicare prescription drug coverage and Medicare Advantage. During this period you can enroll in Medicare Advantage prescription drug plans or dis-enroll from your Medicare Advantage plan.
Medicare Part D drug plan actual cost depends on the following situations:
- The Medicare Advantage prescription drug plan and the stand-alone Medicare Part D prescription drug plan you choose.
- How often you take your prescriptions.
- If Medicare Part D is where your prescription drugs are.