Original Medicare beneficiaries do not receive prescription drug coverage directly through their major health coverage. In order to receive this supplemental benefit, they must purchase a Part D plan from a private insurance company that has contracted with Medicare.
In Idaho, there are a number of plans available, though some areas may not have that many plans available. To learn what plans are available in your area, you should contact a licensed insurance specialist.
Before doing so, you can learn more about prescription drug coverage in Idaho. If you live in Elmore, Boise, Owyhee, Canyon, Ada, Gem, or Payette County in Idaho, here’s what you should know about purchasing Medicare prescription drug coverage.
What Are Part D Plans?
Medicare is divided into four different Parts: Part A, Part B, Part C, and Part D. Part D of Medicare is the final component of the program, and it offers Medicare beneficiaries access to prescription drug coverage.
Part D plans have a few rules that you should know about.
The Formulary
Every Part D plan has a formulary. The formulary is a list of the drugs that are covered by the plan and how much they cost. The formulary is usually divided into several different categories, with each medication organized based on price. If your preferred medication is not included in the formulary, it will not be covered by your plan. Therefore, it’s extremely important to review the formulary of any Part D plan you are considering purchasing.
Costs Vary By Plan
Part D plans are not standardized. Therefore, the companies that sell them are able to offer them at any rates that are deemed reasonable by Medicare. The region you live in will also dictate your rates. By working with an insurance professional, you can compare quotes efficiently, allowing you to find the best plan possible.
Medicare Advantage
Medicare Advantage, or Part C, plan members get their prescription drug coverage directly through their plans, and they are unable to enroll in Part D plans. This works in their favor, though, because it is usually quite easy to manage prescription drug benefits within an Advantage plan.
Find Prescription Drug Coverage In Idaho
With so many options for Medicare prescription drug coverage in Elmore, Boise, Owyhee, Canyon, Ada, Gem, and Payette counties in Idaho, it can be hard to find the right one.
Why not get help?
Generations Insurance is ready for your call now. Reach out to us now to start collecting quotes on Part D plans.
