Medicare Part D

This blog section contains information about Medicare Part D plans. You can learn what Part D covers and costs in 2020?

Medicare Part D Tier Costs

Read this article to discover the differences in Medicare Part D tier costs. Medicare categories your medications into one of the following five drug tiers: 1st tier preferred generic drugs with the lowest copays 2nd tier non-preferred generic drugs with higher copays 3rd tier preferred brand name drugs 4th tier non-preferred brand name drugs 5th […]

Do Any Medigap Plans Cover Drugs?

Medigap plans do not cover maintenance medications, aka drugs that treat chronic health conditions. All lettered Medigap Plans: A, B, C, D, F, G, K, L, M, and N do not cover prescription drugs. However, your Medigap Plan will cover drugs while an inpatient in a hospital under Part A. Furthermore, your Medigap may pay […]

Happy Seniors

Medicare Part D Premium 2021

In a CMS press released dated July 29, 2020, the average Medicare Part D premium for seniors will be approximately $30.50 in 2021. This low Part D premium is the same price from 2013. For example, Robert Bache quotes a 2013 monthly premium of $29.10 for Medicare Part D in Salt Lake County, Utah. Medicare […]

Extra Help Medicare Part D

Do I Qualify for Extra Help? According to SSA.gov, to qualify for Part D Extra Help, you must be receiving Medicare and have limited resources and income. Furthermore, you must reside in one of the 50 States or the District of Columbia. As MedicareBob shows in his video, Extra Help is not available in Puerto […]

Medicare Part D

Medicare Part D 2021 Costs

Medicare Part D 2021 Costs The cost of Medicare Part D will increase in 2021. Medicare Part D is insurance coverage that lowers your out-of-pocket costs for prescription drugs. There are four stages of Medicare Part D, and each stage has new drug costs. 4 Stages of Drug Coverage and Costs in 2021 Below are […]

Medicare Coronavirus Update

Medicare Coronavirus Update

Medicare provides health care coverage for Coronavirus (COVID-19) testing and hospitalizations. According to Medicare.gov, “You pay no out-of-pocket costs.” for COVID-19 lab tests. Furthermore, Medicare covers all medically necessary hospitalizations. For example, your doctor diagnoses you with COVID-19. Consequently, you remain an inpatient for the duration of your quarantine. Likewise, Medicare Advantage plans provide you […]

4 parts of medicare

Medicare Parts coverage and cost in 2020

What do Medicare Parts cover and cost in 2020? There are 4 parts of Medicare: Part A, Part B, Part C, and Part D. Part A covers inpatient hospital services. Part B covers outpatient medical services. Part C is Medicare Advantage plan offered by private companies approved by Medicare. Part D provides prescription drug coverage […]