Medicare Part D…Reducing Your Prescription Drug Costs

Medicare offers prescription drug coverage (Part D) for anyone with Medicare Part A or Part B. Medicare Part D plans cover a wide variety of drugs, including generics, brand names and specialty drugs.

The best time to purchase a Medicare Part D policy is when you are first eligible for Medicare. You can join during the seven-month period that begins three months before the month you turn 65, and ends three months after the month you turn 65. Even if you do not take a lot of prescriptions at that time, it is important to consider joining, as you will likely pay a late enrollment penalty.

Most Medicare Part D plans have a monthly premium, a yearly deductible, and copayments or coinsurance. All plans have a coverage gap (the “donut hole”) which is when you have to pay 100% of the cost of your drugs. When you meet with your Senior Embrace advisor, he or she can explain this in greater detail.

Why Senior Embrace for Your Medicare Part D Plan?

Comprehensive choice of plans

Several insurance companies offer Medicare Part D plans. We represent the majority of these companies, so we will be able to review these options with you and help you select the plan that best suits your needs.

Expertise

There are many Medicare Part D plans. Premiums, deductibles, copays, and coinsurances vary widely. Selecting the right policy can result in substantial savings. The Senior Embrace team is knowledgeable on the advantages and disadvantages of these plans and insurance carriers.

We work for you, and only you

We are not employed by a specific insurance company and forced to sell that company’s products. Since we have access to several Medicare Part D plans, we can concentrate on making sure we help you select the plan that is right for you.

We help you embrace retirement

Medicare Part D plans are only one of the many services we offer to help you live the retirement you’ve worked so hard for. Our team will sit down with you, determine your goals and needs, and then develop a comprehensive plan that will help you live comfortably and happily in retirement.