Does Medicare Cover My Prescription Drugs?

Although Original Medicare (Medicare Parts A and B) does not cover prescription drug costs, there are more recent additions to Medicare that do.

Medicare Part D

Established by the federal government in 2003 so that Medicare recipients could participate in federal subsidies to lower their prescription drugs costs. Medicare Part D plans (or Medicare prescription drug plans) pay some of the costs for prescription drugs at participating pharmacies in your area.

Everyone enrolled in Medicare Part A or Medicare Part B is eligible for this coverage, regardless of income and resources, health status, or current prescription drug expenses. The program is voluntary and can be especially helpful for people who have high prescription drug costs and no current prescription drug coverage. Medicare prescription drug plans pay for generic and brand name prescription drugs. As with Medicare Part B, there are monthly premiums, deductibles, and co-payments. To receive this benefit, you must pick a plan offered by a Medicare-approved private insurance company.

Medicare Advantage Plans

Often offered by HMOs and PPOs, also provide Medicare prescription drug coverage. Through Medicare Advantage (Medicare Part C) plans you can get all of your Medicare Part A and Medicare Part B coverage along with prescription drug coverage (Medicare Part D).

Anyone’s health can turn on a dime, so if you’re lacking in adequate prescription drug coverage, enrolling in a prescription drug plan or Medicare Advantage plan may be the solution to your problem. At MedicareMall we take every client’s unique situation into account in order to find the best Medicare prescription drug coverage for everyone.

Contact MedicareMall now and let us put our twenty-plus years of experience to work for you!