Medicare Prescription Drug Plans – What Are My Options?

Medicare Prescription Drug Plans – What Are My Options?

Apr 11 2014

With age, the body gets older and the mind wiser, right?

In reality, both might need additional help here and there from prescription medication to stay healthy and strong.

When considering your Medicare coverage, don’t forget to also think through your prescription drug coverage needs.

There are two ways to secure Medicare prescription drug plans:

  1. Purchase Part D insurance.This plan adds drug coverage to your Original Medicare plan (Parts A and B) obtained through the federal government. It is available for purchase through an insurance company or private company approved by Medicare.
  1. Purchase a Medicare Advantage Plan.This type of plan is comprehensive and includes your medical, hospital and prescription coverage under one plan. Contact your local insurance provider to review your options.

It’s your health, it is imperative you be involved in the conversations. Here are few additional tips to consider when choosing prescription coverage:

  • Talk to your health plan about your coverage needs.Some health plans offer additional support to help their members understand the costs associated with their prescriptions. Priority Health, for example, has implemented a pharmacy review program where pharmacists sit down with patients look at all their medications to identify duplications, conflicts and organize a medication schedule.
  • Discuss all of your prescriptions with your doctor.It is always a good idea to talk through your prescriptions with your doctor – discuss how they interact, side effects, if there are other options and the cost of each.
  • Monitor how you feel. If something doesn’t feel right – then it probably isn’t. Speak to a doctor and find the best option for your health. Having prescription drug coverage gives you flexibility to find the best prescription for you and your body.

Priority Health has HMO-POS and PPO plans with a Medicare contract. Enrollment in Priority Health Medicare depends on contract renewal.

NCMS_4000_4009_36 CMS-accepted 10272014