For those citizens who are users of Medicare insurance, the enrollment period began on October 15th and will end on December 7th. During this time, the participants need to ensure they have all they need to take care of their insurance needs. Medicare is not enough by itself. Participants also need supplements to offset some of the medical costs they will incur. One of these supplements is Medicare Part D. This is also known as the prescription drug coverage supplement, and it helps with out-of-pocket prescription medicine cost. There is an agency that offers Medicare Part D Plans in Macon GA. These are some things to remember about the supplemental coverage.
Any participant in the Medicare programs, such as Part A or Part B, who also is a permanent resident of an area that subscribes to the Medicare Part D plan, can also receive the Part D supplement. However, if the participant doesn’t enroll as soon as he or she is eligible, an assessment for late enrollment will be applied. One thing to understand is the formulary the Part D plan has. The formulary is a list of the prescription drugs covered by that particular Part D plan.
Next thing to keep in mind is the annual deductible. Until the deductible is satisfied, the participant will be responsible for paying all the costs of the drugs. If the deductible is satisfied within the year, the rest of the time the participant will pay either a co-payment or a co-insurance. This leads to the question about another Medicare issue: the Medicare coverage gap. This is where the participant pays all prescription costs after Medicare Part D has paid its certain part.
Other factors affect the coverage gap. The Stone Insurance Agency Inc. has more information on the Medicare coverage gap. Stone Insurance has been offering various insurance solutions to customers in the Warner Robins, and Macon, GA areas for more than 30 years. Among their insurance products are medical, dental, vision, and prescription drug, which includes Medicare Part D. If any parties are interested in Medicare Part D Plans in Macon GA, Stone Insurance is available.
