Staying healthy and keeping your prescriptions affordable  

Medicare Part D is "prescription drug coverage" — you must be enrolled in Medicare Part A and/or Part B, and not all drugs are covered. This plan may consist of deductibles, co-payments, and coinsurance based on a drug formulary approved by Medicare. 

The Medicare prescription drug plans (PDPs) are sold by private insurance companies approved by Medicare and require a monthly premium. Everyone new to Medicare will have a seven-month window to enroll in a PDP — three months before, the month of, and three months after their Medicare becomes effective. The month you enroll will have an impact on the PDP’s effective date. 

Even though each individual with Medicare is eligible to enroll in a PDP, there are stipulations on the enrollment period. Unless you are new to Medicare or are entitled to a special enrollment period, you must enroll during the annual coordinated election period. With regard to the premium, if you have limited income and assets/resources, assistance may be available to help pay the premiums, deductibles and co-payments. You may be entitled to Low-Income Subsidy assistance (LIS) or “extra help” through the Social Security Administration. For more information or to check eligibility, you may contact the Social Security Administration at 800-772-1213 or www.socialsecurity.gov.  

Designs and premiums will vary for this type of coverage. Our experienced team is able to assist you with the most appropriate drug plan option based on your current medication(s) and situation.