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Medicare Part D

Your Prescription Drugs, Medicare and Creditable Coverage

Studies show that prescription drug utilization seems to increase as we age. Thus, managing your prescription drug benefits and needs is an important annual task. Medicare tracks your employer prescription drug benefits and will provide you an annual update on the credibility of your plan. Every October your plan or employer will send you an update on if or if not your plan is creditable. If your plan is deemed not creditable, or you are

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Medicare glossary

Glossary of Common Medicare Terms

If you recently turned 65, you’re most likely eligible for Medicare coverage. Now is the time to gain a full understanding of this federal program so you can choose health coverage that suits your needs. Before diving into learning about Medicare, let’s first identify and define common terms that you’ll want to become familiar with, such as specific types of coverage, enrollment periods and other common Medicare terms. Parts of Medicare and Basic Terms Medicare

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2022 medicare costs

2022 Medicare Premium and Deductible Increases for Part A, Part B and Part D

The Centers for Medicare & Medicaid have made several changes to Medicare premiums and deductibles that take effect in 2022. These changes include costs associated with Original Medicare (Parts A and B) and Part D Income-Related Monthly Adjustment amounts. To understand these changes, we will explore the cost increases and adjustments and how they will impact your 2022 benefits. Premium and Deductible Changes to Parts A, B and D in 2022 Medicare Part A offers

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Part D plan review

Annual Medicare Plan Review and Your Prescription Drug Coverage

If there is one thing certain in our lifetimes, it’s change. Medicare understands your needs and budget can change during the year, so you have the opportunity to address your medical needs and budget during the Annual Enrollment Period, which happens each year from October 15th through December 7th. In our experience, the Medicare Part D drug coverage is the part of Medicare that typically has the most change, so annually reviewing your Part D

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Medicare plan discontinued

What Happens If Your Medicare Plan Leaves The Market?

One certainty in life and Medicare is change. Sometimes these changes are outside of our control. Medicare plans are operated and offered by private insurance companies. By virtue of having private companies operate these plans, they have the freedom to modify, amend or remove plans from the market. Of course, they have to do so compliantly with Medicare, but this does happen. If your Medicare plan is being discontinued for the upcoming plan year, what

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Part D cost

How Much Does Medicare Part D Prescription Drug Coverage Cost?

When evaluating your Medicare prescription drug costs, it’s important to select a plan that fits within your budget and allows access to your covered medications through the pharmacy of your choice or mail order. The costs for Medicare prescription drug coverage can vary depending on your list of medications, where you live and how you fill your prescriptions. This blog post provides information on the costs you can expect for stand-alone Medicare Part D prescription

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