As people age, it is common for them to start taking various kinds of prescription medication to manage their health. Unfortunately, Medicare does not always cover these additional costs. For those individuals who rely on the federal program, there’s an alternative called Medicare Part D. To give you a sense of the coverage and who qualifies, below are answers to a few commonly asked questions.

4 FAQs About Medicare Part D

Who Can Purchase This Kind of Coverage?

Although private companies provide Medicare Part D, the federal government must approve each coverage plan through the Centers for Medicare and Medicaid Services. Everyone who is eligible for Medicare Part A can purchase a Medicare Part D plan, as can those who are enrolled in Medicare Part B.

How Do You Qualify for Medicare Part D?

You do not have to undergo a physical exam or have a certain amount of income to be eligible for prescription drug coverage. As long as you are already entitled to Medicare benefits, you qualify for a plan.

Why Should I Consider Purchasing a Coverage Plan?

Medicare Part D is designed to reduce the out-of-pocket costs of prescription drugs for people over the age of 65. Although you may still have to cover a portion of your medication costs, your financial obligation will be much lower every time you need a refill with this kind of coverage.

Are There Different Plans to Choose From?

Most private providers offer a variety of plans. The monthly premium, deductible, copay, and covered medications will vary from plan to plan. An insurance broker can help you find the plan that will meet all of your particular needs.

If you want to purchase or update your Medicare Part D coverage, turn to the insurance team at Aines, Carter & Associates in La Grange, KY. Serving clients in Paducah and the Land Between the Lakes Area, they are proud to help senior citizens get the health care they require. You can learn more about working with an insurance broker on their team by visiting their website. To discuss your prescription coverage needs, call (855) 367-5614 today.