Medicare Part D (Drug)
Medicare Part D is Medicare’s prescription drug coverage
Each Medicare Part D plan has a list of drugs it covers called a formulary, which allows you to know if a plan covers your prescriptions
Each Medicare Part D plan has different premiums, copays, and deductibles
Some Medicare Advantage plans include Medicare Part D coverage
Beware of Lifetime Late-Enrollment Penalty
If you decide to not get Part D when you’re first eligible, and you don’t have other creditable prescription drug coverage (i.e. drug coverage from an employer of union), you will most likely pay a late enrollment penalty if you join a plan later. This penalty will follow you for as long as you have Medicare Drug coverage.
If you are already enrolled in a Part D "standalone" plan or a Medicare Advantage plan that incorporates drug coverage, you can switch plans during the annual open-enrollment period, which runs from October 15th to December 7th each year.
CMS Required Disclosure:
“We do not offer every plan available in your area. Currently, we represent 12 organizations which offer 87 products in Indiana. Please contact Medicare at medicare.gov or 1-800-MEDICARE (TTY users can call 1-877-486-2048); or Indiana State Health Insurance Assistance Program (SHIP) at 1-800-452-4800 for help with your plan choices.”
Note:
Though we are contracted and certified with most MAPD and PDP plans in Indiana, we are not certified to sell ALL plan available in your area. Some plans do not work through Independent Agents. However, we use Medicare.gov to present all plans available for sale in your county. Should a plan that we are not certified to sell meet your needs, we will provide the non-member 800 number for that plan so you can enroll through one of the plan’s agents, or you can self-enroll through Medicare.gov or by calling 1-800-MEDICARE.
