Medicare Prescription Drug Plans (Part D)

If you take prescriptions regularly, you know how expensive medications can be. A Medicare Prescription Drug plan has several benefits.

  • You save money on the cost of every prescription you buy
  • Can even-out your monthly costs by eliminating the sizeable Original Medicare prescription deductible
  • Provides peace of mind that your medications will be more affordable

Some Medicare plans include Medicare prescription drug coverage, and some do not have Medicare prescription drug coverage. Does yours?

Medicare Advantage Plans (Part C)
Usually includes Medicare prescription drug coverage with no additional cost.
Suggestion: review your policy or get a free plan review to verify that your specific plan includes Medicare prescription drug coverage.

Medicare Dual Special Needs Plans (DSNP)
All Medicare dual special needs plans include Medicare prescription drug coverage.

Original Medicare Part A
Original Medicare Part B
Medicare Supplement Plans (Medigap)

Rarely include Medicare prescription drug coverage.
Suggestion: enroll in a Medicare prescription drug plan to reduce your out-of-pocket prescription drug expenses.

If you are on Original Medicare Part A and Part B or a Medicare supplement plan (Medigap), strongly consider enrolling in a Medicare prescription drug plan (Part D) to help pay your prescription drug costs.

When to Enroll

Enroll in a Medicare Prescription Drug Plan (Part D) or a Medicare Advantage Plan (Part C) that includes prescription drug coverage during your initial Medicare enrollment near your 65th birthday.

After your initial enrollment, every year, you have two opportunities to change your prescription drug coverage.

  1. During Medicare Advantage Open Enrollment (October 7 – December 15 every year)
  2. Medicare General Enrollment (January 1 – March 31 every year)

During these enrollment periods, you can enroll in a Medicare Prescription Drug Plan (Part D) or switch to a Medicare Advantage Plan with drug coverage.

What Happens if You Wait to Enroll in a Medicare Plan that Includes Prescription Drugs?

If you don’t enroll in a Medicare plan that includes prescription drug coverage when you initially enroll in Medicare, you may be subject to a late penalty. The longer you wait, the more expensive the late penalty.

What to Know When Selecting A Medicare Prescription Drug Plan

  • You can review the drug prices or price tiers for the drugs you take before enrolling in a plan – making it easier to select a policy with overall lower prices for the medicines you take now. Ask to see the plan formulary.
  • You can change your Medicare plan if prices change or you start taking different prescription medications. Typically you can make changes during the annual enrollment period. In special circumstances, you can change your prescription drug plan at other times in the year. If you have questions, contact us to talk with one of our licensed sales agents.
  • Even if you don’t take prescription drugs when you initially enroll in Medicare, the US Centers for Medicare & Medicaid Services suggests you consider getting a Prescription Drug Plan (Plan D). Enrolling gives you price protection for the occasions when you are prescribed medications. Plus, it eliminates the possibility of paying a late penalty in the future for failing to enroll when you initially enrolled in Medicare.
  • Most Medicare Advantage Plans (Part C) include prescription drug coverage at no extra cost.

Have questions? Our licensed sales agents are ready with answers. We break it down to clarify your options so you can feel confident about selecting a Medicare prescription insurance plan that’s right for you.

Get a plan review, get a quote, or contact us for more information. Our licensed sales agents are ready to clarify your options at no cost and with no obligation.

Reduce Your
Drug Costs
with a Medicare Prescription Plan

Get Free Quotes

Talk with a helpful,
licensed sales agent now

(425) 418-9034

Medicare Prescription Drug Plans (Part D)

If you take prescriptions regularly, you know how expensive medications can be. A Medicare Prescription Drug plan has several benefits.

  • You save money on the cost of every prescription you buy
  • Can even-out your monthly costs by eliminating the sizeable Original Medicare prescription deductible
  • Provides peace of mind that your medications will be more affordable

Reduce Your
Drug Costs
with a Medicare Prescription Plan

Get Free Quotes

Talk with a helpful,
licensed sales agent now

(425) 418-9034

Some Medicare plans include Medicare prescription drug coverage, and some do not have Medicare prescription drug coverage. Does yours?

Medicare Advantage Plans (Part C)
Usually includes Medicare prescription drug coverage with no additional cost.
Suggestion: review your policy or get a free plan review to verify that your specific plan includes Medicare prescription drug coverage.

Medicare Dual Special Needs Plans (DSNP)
All Medicare dual special needs plans include Medicare prescription drug coverage.

Original Medicare Part A
Original Medicare Part B
Medicare Supplement Plans (Medigap)

Rarely include Medicare prescription drug coverage.
Suggestion: enroll in a Medicare prescription drug plan to reduce your out-of-pocket prescription drug expenses.

If you are on Original Medicare Part A and Part B or a Medicare supplement plan (Medigap), strongly consider enrolling in a Medicare prescription drug plan (Part D) to help pay your prescription drug costs.

When to Enroll

Enroll in a Medicare Prescription Drug Plan (Part D) or a Medicare Advantage Plan (Part C) that includes prescription drug coverage during your initial Medicare enrollment near your 65th birthday.

After your initial enrollment, every year, you have two opportunities to change your prescription drug coverage.

  1. During Medicare Advantage Open Enrollment (October 7 – December 15 every year)
  2. Medicare General Enrollment (January 1 – March 31 every year)

During these enrollment periods, you can enroll in a Medicare Prescription Drug Plan (Part D) or switch to a Medicare Advantage Plan with drug coverage.

What Happens if You Wait to Enroll in a Medicare Plan that Includes Prescription Drugs?

If you don’t enroll in a Medicare plan that includes prescription drug coverage when you initially enroll in Medicare, you may be subject to a late penalty. The longer you wait, the more expensive the late penalty.

What to Know When Selecting A Medicare Prescription Drug Plan

  • You can review the drug prices or price tiers for the drugs you take before enrolling in a plan – making it easier to select a policy with overall lower prices for the medicines you take now. Ask to see the plan formulary.
  • You can change your Medicare plan if prices change or you start taking different prescription medications. Typically you can make changes during the annual enrollment period. In special circumstances, you can change your prescription drug plan at other times in the year. If you have questions, contact us to talk with one of our licensed sales agents.
  • Even if you don’t take prescription drugs when you initially enroll in Medicare, the US Centers for Medicare & Medicaid Services suggests you consider getting a Prescription Drug Plan (Plan D). Enrolling gives you price protection for the occasions when you are prescribed medications. Plus, it eliminates the possibility of paying a late penalty in the future for failing to enroll when you initially enrolled in Medicare.
  • Most Medicare Advantage Plans (Part C) include prescription drug coverage at no extra cost.

Have questions? Our licensed sales agents are ready with answers. We break it down to clarify your options so you can feel confident about selecting a Medicare prescription insurance plan that’s right for you.

Get a plan review, get a quote, or contact us for more information. Our licensed sales agents are ready to clarify your options at no cost and with no obligation.

Bruce Wayne Davis Medicare Insurance Broker Medicare Prescription Drug Plans