Medicare Part D is prescription coverage. It is one of the most critical parts of the coverage that you can have, but it is also difficult for a lot of people to understand. You have to take the time to check out all of your options with this coverage, just like you did with Medicare and your supplemental coverage. Medicare Supplemental Insurance can be obtained from the Medicare program or through private insurance companies. Known as Medicare Advantage plans, these plans often include prescription coverage so that you won’t need to enroll in Medicare Part D coverage.
In fact, if you do have private Medicare Supplemental Insurance, you cannot enroll in Medicare Part D as well. Some people deliberately try to get the extra coverage, while others accidentally enroll without realizing it. Either way, you could risk getting kicked out of your Medicare Advantage plan if you try to enroll in Medicare Part D when you already have prescription drug coverage. Prescription drug coverage is critical for a lot of people because medication isn’t cheap. Part D provides this protection, giving people the solutions that they need to get their medications for less.
It’s going to be up to you to weigh the pros and cons of Medicare Part D and Medicare Advantage plans that include prescription coverage and make the best decision for your needs. Some people are fine with the provided coverage from Medicare while others will want a customized plan that includes more or different coverage. No matter what you choose, you have to do the math and exploration to figure out what is going to be best. Also, if you choose Part D, there are enrollment periods that you can’t miss so that you can get into the program, so take the time to check those out, as well.
Navigating Medicare Part D coverage and Medicare Supplemental Insurance isn’t really that difficult if you are willing to take a little time to look and see what’s out there. It’s going to be up to you to take the time to compare all of the options that you have and choose the coverage that suits your needs. Just remember to look at what you’re getting in terms of coverage, how much you are paying, and what you can do to customize your coverage to suit your needs. That way, you can get the perfect insurance every single time for prescription drug protection.