The best place to start learning about Medicare is with the basics – with Parts A, B, C and D. As the final part of our Medicare Basics series, this blog is about Medicare Part D.
Medicare Part D prescription drug plans are also known as PDPs. These are standalone plans that can be purchased through private insurance companies. PDPs provide coverage for prescription drugs and medications, and may also cover some vaccines too.
What Happens When the Medicare Part D Donut Hole Ends in 2020?
Starting in 2020, the standard Part D benefit amount set by Medicare will extend from the initial payment stage through the donut hole. In other words, if you enter the donut hole, the cost for your drugs will no longer shift mostly to you.
If you’ve got a chronic condition that requires a lot of medication, chances are you’ve got your prescription drug plan figured out. If you’re in tip-top shape and don’t take a single pill, what’s the point? When it comes to prescription drug coverage and Medicare, if you don’t sign up when you’re first eligible, you could pay more down the road through penalties.
Top Tips on Medicare Explained by People Who Live It Every Day
Most of us could use a little guidance when learning about Medicare and our coverage options. This is especially true as Medicare Open Enrollment gets closer, when we have the opportunity to change our coverage choices for the following year. Open Enrollment runs from October 15 to December 7.
Shingles, also referred to as herpes zoster, is an infection caused by the varicella-zoster virus. This is the same virus that causes chickenpox. Even after the chickenpox is gone, the virus stays inside the body and can “wake up” years later and cause shingles.