Affordable Prescription Coverage for a Healthier You
Medicare Part D – Prescription Drug Coverage
Prescription medications play a crucial role in maintaining your health, but costs can quickly add up. Medicare Part D is designed to help cover the cost of prescription drugs, ensuring you have access to the medications you need at an affordable price. At Managed Senior Services, we help you navigate your Part D options so you can choose a plan that fits your healthcare needs and budget.
Why Enroll in a Medicare Part D Plan?
Original Medicare (Parts A & B) does not cover prescription drugs, which means you could be left paying high out-of-pocket costs. Medicare Part D helps offset these expenses by covering a portion of your medication costs, including both generic and brand-name drugs.
Coverage for a wide range of prescription medications
Protection against rising drug costs
Access to nationwide pharmacy networks
Options tailored to your specific medical needs
Did you know?
Not enrolling in a Medicare Part D plan when you're first eligible can result in late enrollment penalties that last for as long as you have Medicare coverage. Even if you don’t take medications now, enrolling in a plan can help protect you from future costs.
How We Help You Choose the Right Plan
How Medicare Part D Works
Annual Deductible
You may have to pay a deductible before your plan starts covering costs. Some plans offer a $0 deductible for certain medications.
Initial Coverage Phase
Once your deductible is met, your plan will cover a portion of your prescription drug costs while you pay a copayment or coinsurance.
Coverage Gap ("Donut Hole")
After reaching a certain spending limit, you may enter the coverage gap, where costs for prescriptions may be higher until you reach the catastrophic coverage level.
Catastrophic Coverage
Once you've spent a specified amount on medications, you’ll pay only a small coinsurance or copayment for the rest of the year.
Ask Us About Medicare Part D Today!
Don't wait until you need a prescription to start thinking about coverage. Contact Managed Senior Services for expert guidance on finding the best Medicare Part D plan for your needs.
Have questions? Call us at (804) 440-9090
