How Part D WorksAfter you join, you will receive a membership card and materials via mail. You will pay a co-pay, co-insurance, or deductible when you use your card.
Some Part D plans have a "coverage gap." A coverage gap means when you have spent a certain amount of money, you are responsible for paying the entire cost of prescriptions while you are in the gap until you reach the out-of-pocket limit. After you meet the out-of-pocket obligation, you will only have to pay a small co-pay or co-insurance for the remainder of the calendar year.
Extra Help with Medicare Prescription Drug CostsIf you can't afford Part D costs, you may qualify for additional help. Several programs are available to assist with covering additional costs such as Medigap or Medicaid if you meet the income and resource requirements.
If you already have coverage through a previous or current employer or union, you must contact your benefits administrator before you add or change your drug coverage. Joining Part D could result in the loss of your employer or union health or prescription coverage.
A prescription drug plan can really take a lot of worry out of life. You never know what tomorrow may bring. Can you afford to risk your health? Prescription medications can cost hundreds of dollars a month, or even more in some cases. It is very important that you find a plan that will suit your budget and needs to insure that you have access to the prescription drugs you need.