February 2021 | Medicare Portal

How to Use Your Medicare Prescription Drug Coverage

Medicare drug coverage for outpatient self-administered prescription drugs is an important benefit available to those covered by Medicare. It’s crucial to understand how to maximize your benefits and use your Medicare prescription drug coverage effectively to reduce out-of-pocket costs. Your Doctor Prescribed You a Medication: Now What? To take full advantage of your Medicare plan’s …

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Your Guide to Medicare Formularies and Part D Prescription Drug Coverage

Medicare 101, Medicare Enrollment

Original Medicare (Part A and B), introduced in 1965, did not cover outpatient prescription drugs. Over time, Medicare beneficiaries paid increasing amounts for out-of-pocket drug costs that, by 2003 were rising by roughly 12% annually. These higher costs to beneficiaries led Congress to pass the Medicare Prescription Drug Improvement and Modernization Act of 2003 to …

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How to Compare Medicare Supplement Insurance Policies

Medicare 101, Medicare Enrollment

The average Medicare beneficiary must deal with a combination of increasing healthcare costs and possibly a growing number of medical needs. As of 2019, a typical couple might spend a total of almost $300,000 in medical expenses over the course of their retirement. 80% of those costs can be traced back to Medicare premiums, medical …

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Month: February 2021