Important Facts about Medicare Part D
Below are some key facts about Medicare Part D that you should know:
– Medicare Part D is a plan for prescription drugs for those people who subscribe for Medicare.
– It is completely voluntary to choose Medicare Part D.
– It is solved by private insurance firms.
– To be eligible for Part D, you need to enroll in either Medicare Part A or Medicare Part B.
– The period for enrollment is from October 15 to December 7 each year.
– You may be subject to certain penalties for late enrollment. [2]
Which Medications Are Covered by Medicare Part D?
All plans of Medicare Part D should cover at least 2 or even more drugs from the most prescribed categories and classes. These include antipsychotics, anticonvulsants, immunosuppressants, cancer treatment drugs, antidepressants, and HIV drugs. In addition, most plans cover most of the vaccines without copays. Several reasons may justify a change of prices or medications on the coverage list:
– A new drug is available or there is new information about this drug.
– A generic of a brand is available.
– The brand price would change when a generic is available. [3]
