Prescription drug coverage from medicare, most often referred to as Medicare Part D, is available in a few different forms. You can add prescription drug coverage to Original Medicare but you must already receive Medicare Part A and B benefits and pay the necessary premiums.
Keep in mind that adding a Medicare drug plan may increase your premium, but will most likely save you money on prescriptions in the future.When it comes to Medicare Part C, also known as Medicare Advantage, prescription drug coverage will usually already be added to your plan.
Depending on which Medicare Advantage plan you choose based on your medical needs, you may receive more or less prescription drug coverage.
Additionally, depending on the amount of coverage you are looking for, your premium will increase or decrease based on the type of drug coverage you choose.
Medicare Part D is a great option for Medicare participants who have chronic conditions and constantly purchase medications to help manage those conditions.
This can include anything from HIV to diabetes, as individuals will always need a ready supply of prescription drugs such as insulin.
Even if you do not suffer from any chronic conditions, having a prescription drug plan added to your Medicare plan can save you thousands of dollars moving in the long run.
You never know when you will need to pay for prescription drugs or how much they may end up costing you without proper coverage. Be sure to review your Medicare coverage carefully and add some form of prescription drug coverage to your plan.
By Admin –