Medicare Part-D is a federal prescription drug program for Medicare eligible participants. Plan premiums and coverage vary depending on where you live and the plan that you select.
Generally Part-D plans include generic, brand and preferred drugs up to $2,830 per year. Most plans will have copays or co-insurance for a one or three month supply. Some plans include generic drugs through the "donut hole" which is between $2,830 and $4,550 in 2010. These numbers are subject to change each year as determined by The Centers For Medicare and Medicaid Services also referred to as CMS.
It is important to review the insurance companies prescription drug formulary prior to selecting a plan to be sure that your drugs are covered. Each companies formulary may be different or cover certain Rx drugs on a different tier level which may affect your overall cost.
You may qualify for a Part-D subsidy program if you have a low annual income. Each state has different programs. You may make changes in your Part-D plan annually between Nov. 15 and Dec. 31.
2010 Medicare Part D Plans Click A link below
If one of these links takes you to a form this means that we will need more information in order to give you accurate information and enrollment materials. The rate and benefits for Medicare Insurance Plans are determined based on your specific area. We have all of this information available to you and will help you through the process. There is no cost to you for this service.
2009 Detailed Plan Information (Specifics)
2009 Enrollment Kit
2010 Cigna Part D Plans
NEW!! AHIP 2009 Medicare PartD Guide
New!! 2010 Part D Enrollment Kit
Extra Help Healthnet Orange 2010 click here
For 2010 Part D Plan Information click here
Enrollment
Enrollment for most beneficiaries is voluntary. The initial enrollment period takes place each November 15, through December 31. Potential beneficiaries who did not enroll by the December 31, deadline (or within 3 months after their initial eligibility date) will incurr a late enrollment penalty of 1% per month based on the National average cost of the premium until their enrollment.
Annual enrollment periods for Medicare Part D begin on November 15th of the prior plan year. The initial enrollment period for the second year of Medicare Part D started November 15, 2006. In its first year, beneficiaries eligible for both Medicaid and Medicare (dual eligibles) were transferred from Medicaid prescription drug coverage to a Medicare Part D plan on January 1, 2006.
Hundreds of Medicare prescription drug plans are available, allowing participants to choose a plan that best meets their individual needs. Plans can choose to cover different drugs, or classes of drugs, at various co-pays, or choose not to cover some drugs although the Center for Medicare and Medicaid does require that all plans meet certain formulary requirements.
Medicare has made available an interactive online tool called the Prescription Drug Plan Finder that allows for comparison of drug availability and costs for all plans in a geographic area. The Prescription Drug Plan Finder can be used to perform a personalized or general search for plans; in either case, the tool allows one to enter a list of medications along with pharmacy preferences.
Many enrollees criticize the Prescription Drug Plan Finder as complex to use, especially for many Medicare beneficiaries who have limited computer skills and internet access. I have received feedback from family members of clients stating that even they had a difficult time navigating through this tool. We have custom software at our office and will perform the plan searches for you to eliminate this frustration.
Generally Part-D plans include generic, brand and preferred drugs up to $2,830 per year. Most plans will have copays or co-insurance for a one or three month supply. Some plans include generic drugs through the "donut hole" which is between $2,830 and $4,550 in 2010. These numbers are subject to change each year as determined by The Centers For Medicare and Medicaid Services also referred to as CMS.
It is important to review the insurance companies prescription drug formulary prior to selecting a plan to be sure that your drugs are covered. Each companies formulary may be different or cover certain Rx drugs on a different tier level which may affect your overall cost.
You may qualify for a Part-D subsidy program if you have a low annual income. Each state has different programs. You may make changes in your Part-D plan annually between Nov. 15 and Dec. 31.
2010 Medicare Part D Plans Click A link below
If one of these links takes you to a form this means that we will need more information in order to give you accurate information and enrollment materials. The rate and benefits for Medicare Insurance Plans are determined based on your specific area. We have all of this information available to you and will help you through the process. There is no cost to you for this service.
2009 Detailed Plan Information (Specifics)
2009 Enrollment Kit
2010 Cigna Part D Plans
NEW!! AHIP 2009 Medicare PartD Guide
New!! 2010 Part D Enrollment Kit
Extra Help Healthnet Orange 2010 click here
For 2010 Part D Plan Information click here
Enrollment
Enrollment for most beneficiaries is voluntary. The initial enrollment period takes place each November 15, through December 31. Potential beneficiaries who did not enroll by the December 31, deadline (or within 3 months after their initial eligibility date) will incurr a late enrollment penalty of 1% per month based on the National average cost of the premium until their enrollment.
Annual enrollment periods for Medicare Part D begin on November 15th of the prior plan year. The initial enrollment period for the second year of Medicare Part D started November 15, 2006. In its first year, beneficiaries eligible for both Medicaid and Medicare (dual eligibles) were transferred from Medicaid prescription drug coverage to a Medicare Part D plan on January 1, 2006.
Hundreds of Medicare prescription drug plans are available, allowing participants to choose a plan that best meets their individual needs. Plans can choose to cover different drugs, or classes of drugs, at various co-pays, or choose not to cover some drugs although the Center for Medicare and Medicaid does require that all plans meet certain formulary requirements.
Medicare has made available an interactive online tool called the Prescription Drug Plan Finder that allows for comparison of drug availability and costs for all plans in a geographic area. The Prescription Drug Plan Finder can be used to perform a personalized or general search for plans; in either case, the tool allows one to enter a list of medications along with pharmacy preferences.
Many enrollees criticize the Prescription Drug Plan Finder as complex to use, especially for many Medicare beneficiaries who have limited computer skills and internet access. I have received feedback from family members of clients stating that even they had a difficult time navigating through this tool. We have custom software at our office and will perform the plan searches for you to eliminate this frustration.
Medicare Part D Plans
Century Benefits Group Inc. specializes in Medicare Health and Prescription Drug Plans (Part- D) for seniors. We provide one-on-one consulation and benefits review. We offer Medicare Advantage, Medicare Supplement and Part-D drug coverage.
We also provide Medicare plans for dual eligible (Medicare & Medicaid) participants and individuals on social security disability for at least two years. We represent a number of quality insurance companies that specialize in Medicare Plans.
Please visit our affliate site www.aboutcentury.com for more detailed information on some of our other retirement services. Please call us at 800-458-7805 to further discuss your needs and to set a time to meet.
We also provide Medicare plans for dual eligible (Medicare & Medicaid) participants and individuals on social security disability for at least two years. We represent a number of quality insurance companies that specialize in Medicare Plans.
Please visit our affliate site www.aboutcentury.com for more detailed information on some of our other retirement services. Please call us at 800-458-7805 to further discuss your needs and to set a time to meet.
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