What type of coverage does Medicare supplemental insurance Part D include?
Medicare Supplemental Insurance Part D is a Medicare prescription drug benefit plan that can be availed via Medicare Advantage Prescription Drug Plan and Medicare Prescription Drug Plans. Unlike Original Medicare plans, supplemental insurance, especially Medicare prescription drug plans, have not been around for a very long time. Despite having your medicare benefits, you may have questions regarding coverage and if you need such a plan.
AskHPM experts elaborate on a comprehensive list that guides you regarding all the details of such a plan.
- Medicare supplemental insurance part D is an optional plan.
- It is a private, government-regulated PDP that works with your Original Medicare coverage.
- You are eligible to enroll under this plan if you have Original Medicare and are above 65.
- You can also join the plan if you are a person with a disability.
- You cannot have a group health plan and a medicare Part D plan simultaneously. You can avail of PDP benefits once your group plan ends.
- Part D coverage’s base premium is around $32 a month and is variable depending on your state of residence.
- The coverage details, including drug coverage and formulary list, varies between plans. Each plan has its set premiums, copayments, and deductibles.
It is advisable to speak with your medicare advisor before finalizing a plan. To know more about medicare supplemental insurance Part D, get in touch with advisors on www.askhpm.com today!