Adler Insurance Helps Prescott Seniors Understand Medicare Part D

Part D is the section of medical coverage for seniors that covers prescription drugs. Medicare patients are generally less informed about their Medicare Part D plan options than they let on. In fact researchers found that almost 2/3 of respondents claimed their understanding of Medicare was “not much at all” or “not at all”. Adler Insurance, your independent Medicare broker in Prescott, understands that the ins and outs of Medicare can be baffling and that’s why we’re here to help Prescott seniors understand their options, not only on part D, but all Medicare coverages.

If you have a Medicare Advantage Plan, most of them cover Parts A, B and D - You get all of your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage, and prescription drug coverage (Part D), through these plans. Medicare Advantage Plans with prescription drug coverage are sometimes called “MA-PDs.”

Medicare Prescription Drug Plan (Part D) (sometimes called "PDPs") add drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for-Service (PFFS) Plans, and Medicare Medical Savings Account (MSA) Plans.

One major reason it is important to compare Medicare plans is the constantly changing formularies. Medicare plans update their formularies, drug costs and reimbursements every two weeks. Usually these changes are not too drastic, but over a full year, small changes in pricing or coverage could cause immense differences in costs for an individual. You may find that a drug that had a $10 co-pay last year, may have a much larger co-pay this year, or maybe it’s not even covered any longer by your current Medicare coverage.

Each year during Open Enrollment, everyone who is Medicare eligible has the opportunity to make changes to their plans. Outside of the Open Enrollment period, there are other situations that may allow you to make changes to your Medicare plan, such as:

• 90 days before or after turning 65
• Moving to another State or even County

If you would like some help in understanding the wide range of choices available to you for Part D, or any Medicare coverage in Prescott, why not give the experts at Adler Insurance a call at 928-710-1455. To learn more about our services, please check out our website at http://www.adlerlifehealth.com.


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