Medicare: Prescription Drug OptionsPosted by Medicare Made Clear
There are two ways to get coverage for your prescription medications; a Medicare Advantage plan or stand-alone Medicare Part D plan.
Medicare Advantage, also known as Medicare Part C Plans are provided through private insurance companies and combine the benefits of Original Medicare with added coverage such as eye care and medical supplies. Some Part C plans include Medicare prescription drug coverage. It’s important to keep in mind that not all Medicare Advantage plans include drug coverage. If you’re shopping for a Medicare Advantage plan and you take prescription drugs, it’s a good idea to review your plan options to be sure that those you’re interested in include prescription coverage.
Medicare Part D
Medicare Part D is essentially a stand-alone prescription drug plan, making it a great option for those beneficiaries depending solely on Medicare Parts A and B for their health care coverage. Just like Medicare Advantage, Medicare Part D is offered by private insurance companies, therefore pricing and coverage can differ substantially from one plan to the next. You may want to review the list of prescription drugs from your local pharmacy that are covered by any of the Medicare Part D plans you consider. It’s also important to remember that you may be charged a penalty or a higher premium if you do not enroll in Part D as soon as you become eligible for Medicare.
What It Means for You
If you’re a Medicare beneficiary enrolled in Original Medicare or Medicare Advantage, there’s a Medicare prescription drug plan available to you. If you use prescription medications on a regular basis, it’s a good idea to look into your options for Medicare prescription drug coverage.
For more information on the Medicare plans available in your area, call 1-800-MEDICARE (1-800-633-4227), TTY 1-877-486-2048, 24 hours a day, 7 days a week, or go to Medicare.gov.
What does your medical history tell you about your need for prescription drug coverage? Interested in learning more about your options concerning Medicare prescription drug plans? Download our Show Me Guide and check out pages 16 & 26 for more details.
The family of UnitedHealthcare® Medicare Solutions plans are insured or covered by an affiliate of UnitedHealthcare®, a Medicare Advantage organization with a Medicare contract and Medicare-approved Part D Sponsor.
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