Prescription drug coverage is your Medicare Part D Insurance Plan put in place to pay for your prescription drugs at participating pharmacies in your service area.

Medicare offers prescription drug coverage to everyone with Medicare. Depending on your Medicare plan, Part D will be included or added to your Medicare plan. Part D is not included in Original Medicare. You must purchase prescription drug coverage separately.

The most common types of Medicare Advantage Plans, Health Maintenance Organizations, Preferred Provider Organizations, and some Private Fee-for-Service Plans offer prescription drug coverage with an additional charge. 

Tips: Prescription Drug Coverage

The best time to purchase prescription drug coverage is when you are first eligible. If you choose not to enroll when you are first eligible, it will result in a late enrollment penalty fee. You may opt-out of this penalty under the conditions that you received extra help during the enrollment or you were enrolled in some other type of creditable prescription drug coverage when you were first eligible. 

To get Medicare drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and which drugs are covered.

Prescription drug plans are required to cover most prescriptions for Medicare beneficiaries. However, the plans vary in costs depending on the costs of medications that you choose to pay for on your plan.

Two ways to get prescription drug coverage

Medicare Prescription Drug Plan (Part D)

These plans (sometimes called “PDPs”) offer added drug coverage to the following medicare plans: Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for-Service (PFFS) Plans, and Medicare Medical Savings Account (MSA) Plans.

Medicare Advantage Plan (Part C) Medicare Advantage Plans with prescription drug coverage are sometimes called “MA-PDs.” 

Rob Edgar Insurance is a private insurance agency that offers Medicare Advantage (MA) and Prescription Drug Coverage (Part D) plans. Each plan varies in costs. The costs are determined by the formulary and the price of the prescription drugs included in that plan. 

Contact Your Georgia and South Carolina Medicare Part D Agent Today 

Rob Edgar Insurance will provide detailed information about insurance coverage options, plan options, and premium rates to suit your medical service needs. If you would like to inquire about insurance and get a free quote and consultation, call us at (912) 660-5236. We are licensed in Georgia, South Carolina, Florida, Pennsylvania, and Alabama.