Medicare Part D Plan

If you’re like most Americans, you rely on Medicare to help cover your healthcare costs. But what happens when you need to enroll in a new policy?

Establishing a new Medicare Part D plan can be a bit confusing, but we’re here to help.

 

Medicare Part D Basics 

Here are some things to keep in mind as you begin the process of enrolling in a new Medicare Part D plan:

1. First, you’ll need to decide which type of coverage you need.

There are two main types of Medicare Part D plans: prescription drug plans (PDPs) and Medicare Advantage plans (MA-PDs). PDPs offer stand-alone prescription drug coverage, while MA-PDs offer a combination of drug coverage and other benefits, such as routine checkups and hospitalization coverage.

2. Next, you’ll need to compare plans and find one that best suits your needs.

One easy way to do this is by using the Medicare Plan Finder tool on Medicare.gov. For better results, consider, discussing your needs with an experienced insurance agent you trust.

3. Enroll in your new plan.

Once you’ve found a plan that provides the coverage you need at a price you can afford, you usually have the choice of enrolling online, over the phone, or in person.

4. Track your enrollment period.

Once you’re enrolled, be sure to keep track of your plan’s open enrollment period. This is the time of year when you can make changes to your plan, such as switching to a different type of coverage or changing providers.

Assistance with your Medicare Part D Plan

If you would like additional assistance setting up your plan, or if you would like to make changes to an existing plan, our team can help. Simply click the button below or call us during business hours to get started – and remember, consultations are always free!