Medicare Prescription Drug (Part D) Plans
Original Medicare, also known as Parts A & B, does not include prescription drug coverage. Part D is a separate, stand-alone plan that provides prescription drug coverage to supplement your Original Medicare plan.
If you enroll in a Medicare Advantage plan, your prescription drug coverage will most likely be included as part of that plan.
Learn more about Medicare Prescription Drug Plans for Minnesotans below.
MEDICARE PRESCRIPTION DRUG PLANS
If you are enrolled in Medicare Part A, Medicare Part B, or both, you are eligible to enroll in a Part D Prescription Drug plan. Part D plans are offered by private health insurance companies who contract with the Federal Government to provide prescription drug coverage under a structure and guidelines that have been approved by the Centers for Medicare & Medicaid Services (CMS).
Choosing a Part D prescription drug plan as soon as you sign up for Part B is important for two key reasons: So that you can be sure to get the medications you need at the lowest possible cost, and also to avoid lifetime enrollment penalties for getting your Medicare drug coverage at a later date. If you sign up for a Medicare Advantage plan, in most cases you will get your Part D coverage through that plan. In fact, you cannot have a Medicare Advantage plan and standalone Part D plan at the same time. However, if you have coverage via Original Medicare, with our without a Medigap policy, you will want to consider a stand-alone Part D Prescription Drug plan
CHOOSING MEDICARE DRUG COVERAGE
Your out-of-pocket costs for medications can vary widely from plan to plan, depending on each plan's formulary. Choosing the right Part D coverage for your list of medications can have a significant impact on your finances. If you need help choosing Medicare Prescription Drug coverage or have any other Medicare questions, Milestone Medicare offers our Medicare assistance at no cost to you. Simply contact us to get your questions answered or to get help in securing your best Medicare plans. We are conveniently located in Buffalo, MN and serve the Greater Twin Cities, Minnesota.
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Important disclosures about Medicare Plans: Medicare has neither endorsed nor reviewed this information.
Not connected or affiliated with any United States Government or State agency. We do not offer every plan available in your area. Currently we represent at least nine organizations which offer at least 119 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all your options.
Plans are insured or covered by a Medicare Advantage (HMO, PPO and PFFS) organization with a Medicare contract and/or a Medicare-approved Part D sponsor. Enrollment in the plan depends on the plan’s contract renewal with Medicare.