Tuesday, October 13, 2009

Medicare part D prescription drug coverage

Medicare part D is a federal program to provide support for the costs of prescription drugs for Medicare beneficiaries. If you do not have coverage for your prescription drugs from other sources, then you are eligible to sign up for Medicare Part D. There are many benefits you will get from Medicare Part D prescription. The Part D prescription drug coverage benefit is primary to benefits for prescribed drugs provided under the Medicaid program. Medicare part D give you a great way to lower your prescription costs.

Medicare part D prescription drug coverage is purchased from private insurers. Private insurers operating under Medicare rules sell coverage either as stand-alone prescription drug plans or through Medicare Advantage Plans. Cost of Medicare D is very widely depending on a number of factors. Medicare D enrollment is open each year between November 15th and December 31st, called the annual enrollment period.

There are a wide variety of Medicare D plans to choose from. You must pick a plan that meets the requirements set by the Centers for Medicare and Medicaid Services. It is a good idea to find a skilled agent to help you make a good Medicare part D choice.

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