With growing concerns surrounding the rising costs of prescription drugs, Medicare Part D was put into place in January 2006. This plan provides individuals with a variety of cost saving benefits, as it allows Medicare beneficiaries the opportunity to afford their much needed medications. If you are one of the many individuals who wrongly assumes they should pass up on this plan once it comes time to enroll for Medicare because you simply do not require medications at this time, allow these informational points of guidance to convince you otherwise:
- Often, individuals who wait to sign up for Medicare Part D when they are in the process of enrolling for Medicare are faced with late enrollment fees when they finally choose to enroll. In order to avoid paying the penalty, it is important that you sit down with one of our experienced agents at SeniorChoices NW to ensure that you make an informed decision and avoid the unnecessary charge.
- If you do not have creditable drug protection, there are a few options available to you for obtaining Medicare Part D coverage. Your first option is to choose a Medicare Advantage plan that has prescription drug coverage included.
- Your second option for obtaining prescription drug coverage is through a stand-alone plan known as Medicare Prescription Drug Plans. There are a variety of different Medicare Prescription Drug Plans, including Medicare Medical Savings Account plans, Medicare Cost Plans, and Medicare Private Fee-for-Service plans. All stand-alone plans come with a monthly premium and annual deductible.
Contact SeniorChoices NW in Wilsonville, Oregon to learn about the benefits you can receive through prescription drug plans. We will guide you through each step of the process to ensure that you are always receiving the care you deserve.