Meds4Medicare.com, Medicare Part D Prescription Drug Plan - RxAmerica for Medicare

Meds4Medicare.com, Medicare Part D Prescription Drug Plan

Text size: A A A Print Button

Introduction

Now Medicare covers more than ever - After 40 years of providing dependable coverage for doctor visits, hospital stays, and life-saving surgeries, Medicare now covers preventive screenings and offers dependable coverage for prescription drugs.

Everyone with Medicare is eligible for this coverage, regardless of income level and resources, pre-existing conditions, or current prescription expenses.

Prescription drugs can heal, cure, comfort, even prevent illness. Medicare Prescription Drug Coverage makes it easier to pay for the prescription drugs you need to stay healthy.

How the coverage helps - Medicare Prescription Drug Coverage can help you by covering both brand name and generic prescription drugs at participating pharmacies close to where you live.

A typical person with Medicare could see his or her total drug expenses drop by about 50%. Qualified people with limited income and resources will have almost no drug expenses.

Medicare Prescription Drug Coverage can also help down the road. As we age and our medical conditions change, our need for prescription drugs may increase. And, Medicare, like most insurance, will cover a significant portion of prescription drug bills. And, if you have high out-of-pocket costs, Medicare will pay 95% of your prescription drug costs, after you pay $3850.

How the coverage works - Medicare Prescription Drug Coverage is insurance. Private companies provide the coverage. You choose the drug plan and pay a monthly premium. When you join a plan, Medicare helps pay the bill.

Extra help is available for people with limited income and resources. People who may qualify will receive an application in the mail this summer.

As with any insurance program, you have options. Later this year, you will receive information on what your drug plan options are. Although these plans will meet Medicare’s stringent requirements, they may differ in terms of costs and coverage. If you already have good drug coverage through a retiree plan or Medicare Advantage Plan, Medicare can provide help with its cost.

How to join - The initial enrollment period for Medicare Part D plans ended on May 15th, 2006. Your next chance to enroll will be November 15th through December 31st of each year with coverage beginning January 1st. Enrollment is voluntary and you must join a plan to get the coverage. However you may still be able to enroll now if you:

Are going to turn 65 soon?
Want to switch plans? If you are both Medicare and Medicaid eligible you may switch plans anytime
Qualify for the low-income subsidy (LIS)
Are recently disabled
Qualify for a special election period

If you were eligible to enroll, but chose not to sign up with a plan by May 15th, 2006 you may have to pay a penalty. Your next chance will be November 15th through December 31st of each year. Even if you do not take a lot of prescription drugs now, it’s still good to consider joining. As we age, most people need prescription drugs to stay healthy. Enrolling now means you pay a lower monthly premium than if you join after the initial open enrollment period that ended on May 15, 2006.

How to learn more - We urge you to join all of America in learning more about this historic addition to Medicare. Discuss it with your family and friends. Talk about it over dinner. Keep an eye out for community meetings. Look in your mailbox for more detailed information coming soon.