As we discussed in the last part of our Introduction to Medicare series, Medicare Part D helps cover the cost of prescription drugs. Joining a Medicare prescription drug plan is voluntary, and you pay an extra monthly premium for the coverage. Beneficiaries with higher incomes may pay a higher monthly Part D premium.
At Senior Patient Advocates, we advise our clients and friends to keep these three goals in the front of their minds when it comes to Medicare Part D.
- Maximize Current Medicare Benefits
Be sure you fully understand ways to get more from your current Medicare benefits. Special considerations may be available to address financial situations and needs. Be sure your options for all health care situations are carefully and thoughtfully reviewed by a licensed insurance consultant. Currently, you may be eligible for more Medicare benefits than you know.
- Continue to Receive Medicare Benefits All Year Long
Make sure you are aware of the benefits you are entitled to for the entire year. Senior Patient Advocates can help you overcome insurance prescription drug restrictions such as prior authorizations or quantity limits, get new prescriptions filled, address medication changes and updates with your plan, and answer any personal questions.
- Re-Evaluate Current Medicare Benefits
Mark your calendars for Open Enrollment, October 15 – December 7. During Open Enrollment, you should evaluate your current and other possible plans to determine if a change is necessary. Plan and health changes may allow you to save money on premiums, deductibles and drug co-pays.
For more information about Senior Patient Advocates or to learn about Medicare Part D or other components visit Senior Patient Advocates’ website, sign up for upcoming Medicare course curriculum, or call (307) 472-1770.