Medicare Part D
Starting January 1, 2006, Medicare beneficiaries may participate in the new
Part D prescription drug benefit – made possible by the Medicare Modernization
Act (MMA) of 2003. All Medicare beneficiaries are entitled to Part D.
Medicare Prescription Drug Coverage (Part D)
Medicare offers prescription drug coverage to everyone with Medicare. If you decide not to join a Medicare drug plan when you’re first eligible, and you don’t have other creditable prescription drug coverage, or you don’t get Extra Help, you’ll likely pay a late enrollment penalty.
To get Medicare prescription drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered.
Visit http://www.medicare.gov/navigation/medicare-basics/medicare-benefits/part-d.aspx for more information.
Medicare Prescription Drug Plan.
Visit Medicare.gov for more drug coverage
information. Some useful links are provided below:
- Medicare Plan Finder
You have the option to complete a general or personalized plan search. A personalized search may provide you with more accurate cost estimates and coverage information.
https://www.medicare.gov/find-a-plan/questions/home.aspx - Medicare Publications
Search and ownload booklets and brochures on all aspects of Prescription Drug Plan. Some Medicare booklets are available in epub format.
http://www.medicare.gov/Publications/Search/SearchCriteria.asp
Quick links to useful publications:
- Your Guide to Medicare Prescription Drug Coverage - 11109
This booklet provides information about Medicare prescription drug coverage, including how it works, the extra help available for people with limited income and resources, how Medicare prescription drug coverage may affect your current coverage, and more. (76 pages)View Adobe PDF - 11109 (size: 719.06 KB) Revised Revised March 2012
- Things to Think about when You Compare Medicare Drug Coverage - 11163
This tip sheet explains things to think about when comparing Medicare drug plans. (8 pages)View Adobe PDF - 11163 (size: 484.46 KB) Revised Revised October 2012
- Medicare Prescription Drug Coverage: How to Join - 11111
This tip sheet tells you how to join a Medicare drug plan once you have chosen the plan you want. (2 pages)View Adobe PDF - 11111 (size: 385.38 KB) Revised April 2013
Social Security Help With Prescription Drug Costs.
Medicare beneficiaries can qualify for Extra Help with their Medicare prescription drug plan costs. The Extra Help is estimated to be worth about $4,000 per year. To qualify for the Extra Help, a person must be receiving Medicare, have limited resources and income, and reside in one of the 50 States or the District of Columbia.
http://www.ssa.gov/prescriptionhelp/