Part D

2013 Medicare Part D – Prescription Drug Coverage

2013 Medicare Part D
Medicare Part D, or Medicare Prescription Drug Coverage, has some items that are changing in 2013. The recent legislation for health care being passed now is allowing Senior Citizens to save more on their prescription drugs. Yes, that is right! Health insurance Medicare Supplement Plans now can save you more money!

This is good news for those that have the Medicare Medigap Insurance. If you still need to get your health insurance supplement to Medicare, give us a call today! If you want to know more right now, please scroll down to our Medicare Supplement comparisons chart. Or give us a call to find out your best rates for the state you live in and the benefits you want.

The “Medicare Donut Hole” of past years is slowly being worked out of existence. This means that you, as a Senior Citizen, can receive discounts up to 50% during this time of no coverage.

For Senior Citizens, health care via insurance Medicare Supplement policies are a good thing. We are happy to go over all of the policy options when you call us today. Please feel free to access the Medicare Supplement comparison chart below.

This can be a real savings and your pocketbook will thank you. However, if you can save even more, you want to, right? We want to help you get the best prices possible on all of your medications that you take or may take in the future.

In order to get the best prices on prescription drugs, you need an insurance Medicare Supplement policy. Do you want to see the numbers? Check out our Medicare Supplement comparisons below. 2012 and 2013 are not equal in amounts.

Medicare has contracted with multiple insurance companies to offer the different prescription drug plans that are also referred to as PDP’s. The PDP’s replace the drug discount cards. The PDP’s are part of the Medicare Medigap Insurance policy choices. Some of the health insurance supplement to Medicare policy options include a medication plan.

If you are considering purchasing a Prescription Drug Plan, please do keep the following items in mind. We want you to be educated when making this important health care decision for yourself and other family members in regards to your Medicare Medigap Insurance.

We also have a Medicare Supplement comparison chart below for your convenience. We do not have all of the options listed. We are happy to discuss the many benefits to each of the pros and cons to the different health insurance Medicare Supplement Plans.

Medicare Medigap Insurance for Part D or Medicare Prescription Drug Plan

  • Optional Plan
  • The Prescription Drug Plan (PDP) is an option and not a requirement.
  • If you choose to wait on purchasing the PDP until later, your monthly premium will be higher than if you join when you become eligible for Medicare.
  • Monthly Premium
  • Prescription Drug Plans have a monthly premium that is in addition to your Original Medicare premium that you already are or will be paying.
  • Some of the Medicare Advantage Plans include a PDP as one of the benefits. In this case, there would not be an additional monthly premium for your PDP.
  • Does your current Medicare Advantage Plan offer a PDP?
  • If your current Medicare Advantage Plan through an HMO or private insurance company offers a PDP, then you do not need an additional PDP policy.
  • If you already have access to a PDP through your Medicare Advantage Plan, then you do not need to select a new Medicare Part D policy.
  • If you already have a Medicare Advantage Policy and you do choose to get a new PDP, then you would be required to drop your current Medicare Advantage Plan coverage.
  • No overlapping with Medicare Advantage Plans
  • If you are a Medicare Advantage Plan member, the benefits and costs do vary between the ten different plans.
  • While the Prescription Drug Plan benefits vary, the companies that offer these plans are required to keep the minimum benefits as listed below.
  • We are able to help you find benefits that will work for you and your health situation that are equal to or even better than these required minimums.

Standard Benefit Design Parameters

2012 2013
Deductible $320.00 $325.00
Initial Coverage Limit* $2,930.00 $2,970.00
Out-of-Pocket Threshold** $4,700.00 $4,750.00
Total Covered Part D Drug Spending before Catastrophic Coverage*** $6,657.50 $6,733.75

See more Medicare Part D Benefits 2013

Senior Citizens with lower income may also qualify for prescription assistance from the federal government. To qualify for this help with your prescription medications, please see if you meet any of the below items:

  • You currently have a Medicare Part A (Hospital Insurance) and/or a Medicare Part B (Medical Insurance); and
  • You reside in one of the 50 States or Washington, D.C.; and
  • Your combined savings, real estate, and investments do not total more than $26,580 in worth if you are married and living with your spouse, or $13,300 if you are currently not married or not living with your spouse.

We invite you to call us today and learn more about prescription drug assistance. If you do not meet these income guidelines, learn more about how you can save on your Medicare Part D Coverage or your Medicare Medigap Insurance.

The Medicare Supplement comparison chart above does not go into detail about all of the differences between plans. Our customer service representatives are happy to answer all of your Medicare Supplement comparison questions. Just give us a call. We are here to help you save money with your own health insurance Medicare Supplement plan.

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