Medicare Part D Coverage in Boulder, CO
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Part D Plan Information
If you are approaching or currently are at least 65 years old, you may want to consider Medicare as a health care option. You’re eligible to sign up for Medicare three months before you turn 65 or earlier if you qualify due to specific disabilities. You can qualify for Part D coverage, also known as drug coverage, after enrolling in Original Medicare (Medicare Parts A and B). If you’re considering Medicare Part D coverage or want to learn how you can qualify, contact your Professor Medicare agent to get started.
What Is Medicare Part D?
Medicare Part D is prescription drug coverage. All plans must cover a wide range of drugs that people under Medicare may need. The covered drug list, also known as a formulary, is unique to each plan. Often, plans have tiers for drugs. The tier classifies the price of the drug, meaning that the lower the tier classification, the more affordable the classified drug is.
Even if you don’t currently take any prescription drugs, you may need to in the future, and this coverage can help with out-of-pocket costs. This coverage is optional and can be added at any time, with the expectation of a potential enrollment penalty for joining late.
Who Does Medicare Part D Cover?
Medicare Part D covers U.S. citizens 65 years or older. You must have Medicare Part A and/or Medicare Part B to join a separate Medicare drug plan.
You may also be able to obtain Part D as a part of Medicare Advantage Plan, also known as Part C, or other Medicare Health Plan with drug coverage. Part C is a separate bundled coverage. You get all of your Part A, Part B and drug coverage through these plans. You must have Part A and Part B to join a Medicare Advantage Plan. Not all plans have drug coverage embedded into the coverage, so it’s important to know what your specific plan covers.
Learn More About Medicare Part D
At Professor Medicare we’re ready to assist you with your Medicare needs, including Part D coverage. To learn more about Medicare Part D, your current Medicare coverage or how to get started, contact your agent today for help.
The video will help navigate the maze of Part D drug coverage.