If you are enrolled in Original Medicare and are interested in prescription drug coverage, you can always enroll in Medicare Part D. The way you can get this drug coverage is through either a standalone Medicare Part D prescription drug plan or as an added benefit with a Medicare Advantage Plan.
Standalone Prescription Drug Plan
This is a Medicare Part D plan you can purchase to supplement your Original Medicare or Medicare Advantage plan that doesn’t include prescription drug coverage. Having said that, most Medicare Advantage plans do include prescription drug coverage.
The prescription drug plans are referred to as “standalone” because they are purchased separately from the rest of your health coverage.
Medicare Advantage Drug Plan
Most Medicare Advantage plans, also known as Medicare Part C, come with a prescription drug plan. This allows you to get all of the Medicare Part A, Part B, and Part D coverage in a single plan (Medicare Advantage).
If you enroll in a Medicare Advantage plan, you will usually get prescription drug coverage through the plan. Some types of Medicare Advantage plans, such as Medicare Savings Account plans, don’t cover prescription drugs. Also, certain plans like Private Fee-for-Services may also decide not to offer a drug plan. In both cases, you can sign up for a standalone Medicare prescription drug plan.
However, plans like Special Needs Plans are required to provide coverage for prescriptions.
We Can Help You Find A Plan
Before you decide to enroll in a prescription drug plan, it is vital to learn how drug coverage works with your other health coverage. For instance, you may have drug coverage from the Department of Veterans Affairs or TRICARE. Or, you may have certain outpatient drugs covered by Medicare Part B, which will result in your Part D coverage not covering those specific drugs.
For more information on how you can get prescription drug coverage through Medicare, Contact Caring Insurance Solutions today.
