Medicare drug coverage helps those gain access to the prescriptions that they need. This is something worth looking into once you’re eligible, even if you’re not currently taking any medications. Drug coverage for medicare is optional and is offered to everyone that’s enrolled in the program. Typically speaking, there are 2 ways to receive medicare prescription drug coverage. Here at Mark Turner Insurance, we are committed to providing our clients with comprehensive medicare solutions that will secure your medical finances for years to come.

 

2 Ways To Receive Drug Coverage

The following are two methods of obtaining coverage for prescription drugs:

 

• Medicare Drug Plans: These plans allow users to add drug coverage onto their original plan, medicare cost plans, private fee for service plans, medicare savings account plans. In order to receive it under this method, you must have either Medicare Part A (Hospital Insurance) or Medicare Part B (Medical Insurance) to join a separate drug plan.

 

• The second way to enroll in drug coverage is through Medicare Advantage Plan (Part C) or through other Medicare Health Plans with drug coverage. With these plans, you will receive all Part A, Part B, and drug coverage. You need to have Part A and Part B to become a part of Medicare Advantage, with the understanding that not all plans offer drug coverage.

 

Other factors to keep in mind for your candidacy: Being a US citizen or lawfully present in the US. In regards to more specific information on the costs of these plans, you can visit Medicare’s website to learn more!

 

Considering Your Coverage Choices

Before moving along and making a decision, you should do some research to better understand how your drug coverage will work with other kinds of coverage. A variety of people may qualify for coverage from a union or their employer. It’s helpful to compare what you currently have to what else is out there, that way you can determine if it’s worth upgrading from your current plan. Drug coverage is susceptible to change, due to what medicare drug coverage imposes. Comb through all of the materials that you receive from your provider, which streamlines the process of making a decision when the time comes.

 

Joining A Medicare Drug Plan Can Impact A Medicare Advantage Plan

For those who enroll in a Medicare Advantage Plan, you will receive drug coverage on that plan. The few plans that don’t offer prescription coverage like Medical Savings Accounts or those that opt to withhold offerings like Private Fee For Service plans, are the few exceptions that require its recipients to enroll in separate drug coverage. Members can be disenrolled from Medicare Advantage if they’re a part of an HMO, HMO Point-of-Service Plan, or Preferred Provider Organization. If this is the case, you’ll be returned to an original Medicare plan.

 

The only way to join a separate Medicare drug plan without losing your current plan is by having a Cost Plan, Medical Savings Account Plan, Private Fee-for-Service plan, or if you have an employee-sponsored Medicare health plan.

 

Receiving Prescription Drug Coverage in NY

For those looking to expand on their coverage, the professionals at Mark Turner Insurance will veer you down a path that will suit your medical needs and desires. For more information on our process, you can contact us today to learn more!