Medicare Part D
www.kimsnider.com – What is Medicare Part D? Medicare Part D is optional, prescription drug coverage. It helps pay for out-patient prescribed medications. Part D is sold by private companies that are approved by Medicare. – Am I eligible for Part D Coverage? If you have Medicare Part A and Medicare Part B, you are eligible to get prescription drug coverage through an individual policy or as part of a Medicare Advantage plan. – Do I need prescription drug coverage? If you have original Medicare (Part A and Part B) or a Medicare Advantage plan that does not include drug coverage, you should get a Part D prescription drug coverage policy when you are first eligible – even if you don’t take a lot of medications. Unfortunately, our health is not guaranteed. As we age, it’s likely that we will have an increased need for prescription medications. Prescriptions are very expensive – expensive enough that prescription drug coverage probably makes sense. Again, don’t wait. If you wait to get coverage, you will have to pay a penalty, which results in a permanent increase in your monthly premium.