Medicare Annual Enrollment is less than a month away. Now is the time to see how your Drug plan may change in 2023. Here are some tips that may help you decide if YOU may have to make a change.
#1 - I TAKE SPECIFIC DRUGS.
Look at drug plans that include your prescription drugs on their (your plan) FORMULARY ( a list of prescription drugs covered by a drug plan ). Then, COMPARE COSTS.#2 - I WANT EXTRA PROTECTION FROM HIGH PERSCRIPTION DRUG COSTS.
Look at drug plans offering coverage in the COVERAGE GAP, and then check with those plans to make sure they cover your drug in the gap.#3 - I WANT MY DRUG EXPENSES TO BE BALANCED THROUGHOUT THE YEAR.
Look at drug plans with NO OR A LOW DEDUCTIBLE, or with additional coverage in the COVERAGE GAP.#4 - I TAKE A LOT OF GENERIC PRESCRIPTIONS.
Look at Medicare drug plans with "TIERS" that CHARGE YOU NOTHING or LOW COPAYMENTS for generic prescriptions.#5 - I DON'T HAVE MANY DRUG COSTS NOW, BUT I WANT COVERAGE FOR PEACE OF MIND AND TO AVOID FUTURE PENALTIES.
Look at Medicare drug plans with a LOW MONTHLY PREMIUM for drug coverage. If you need prescription drugs in the future, all plans still MUST COVER MOST drugs used by people with Medicare.#6 - I LIKE THE EXTRA BENEFITS AND LOWER COSTS AVAILABLE BY GETTING MY HEALTH CARE AND PRESCRIPTION DRUG COVERAGE FROM ONE PLAN, AND I'M WILLING TO PICK A DRUG PLAN WITH RESTRICTIONS ON WHAT DOCTORS, HOSPITALS, AND OTHER HEALTH CARE PROVIDERS I CAN USE.
Look for a MEDICARE ADVANTAGE PLAN (PART C) with prescription drug coverage.
Now that you have some information for how to choose a Medicare drug plan, you may want to learn more about MEDIGAP ( MEDICARE SUPPLEMENT ) and Medicare drug coverage.
Here at Springer Insurance we realize that you, or someone you know, may not have a dedicated person that can help you navigate Medicare. Give us a call. We have a dedicated agent that will walk you through every step. We are currently setting appointments week days, some evenings, and Saturdays. Don't wait, Call today. Medicare Annual Enrollment is October 15 - December 7.
