If you would help in choosing the best Medicare drug plan for you in the Prescott area, please give Adler Insurance a call. Here are the basics of signing up for a Medicare drug plan:
- If you do not have a Medicare Advantage plan that includes Part D drug coverage, you must sign up for it separately.
- You should be signing up for Medicare Part D at the very same time that you enroll in Part B. Do not procrastinate, even if you do not take any prescription drugs regularly right now. Waiting to sign up will cause an extra charge on your premium for every month that you waited. (The only way to avoid this penalty without signing up for Part D is having equivalent drug coverage, called “creditable” coverage. This coverage must come from another source, such as a retiree plan. Your plan administrator can tell you if your plan is equivalent.)
- Choosing a plan that is right for you can save you thousands of dollars each year in premiums and out-of-pocket drug expenses. It is important to review your Part D coverage every year at open enrollment. This especially important if you have started taking new prescription drugs.
- Every plan has a star rating. A five-stars is the best. Star ratings are based on factors like how well and promptly the plan handles coverage appeals, customer service, and how many people have complained about the plan.
Choosing the right Medicare drug plan is a decision that can be difficult to make without the help of a professional who understands the various plans offered. If you need to choose a Medicare drug plan in Prescott and don’t know quite where to begin, give the experts at Adler Insurance a call at 928-710-1455. To learn more about life insurance or Medicare options, please visit our website at http://www.adlerlifehealth.com.