2023 Medicare Part D Drug Plans: What You Need to Know

It’s the Annual Enrollment Period again, so it’s time to review your 2023 Medicare Part D drug plan. We’ll review changes that affect all Medicare beneficiaries, including the 2023 coverage phases, the new insulin cap, and what to look for when choosing a new plan. 2023 Medicare Part D Drug Plan Availability Each year Medicare

2023 Medicare Part D Drug Plans: What You Need to Know
Medicare Part D Late Enrollment Penalty

Medicare prescription drug coverage is one of the most frustrating parts of Medicare for many. With confusing tiers and the dreaded donut hole, many Medicare beneficiaries would love to skip it. For those that don’t take prescriptions, it’s equally as annoying; after all, who wants to pay for something they aren’t using? While it may

Medicare Part D Late Enrollment Penalty
Prescription Discount Cards for Medicare Beneficiaries

Medicare prescription drug coverage has sections that can devastate Medicare beneficiaries, such as the donut hole. With this concern about the Medicare program, many American seniors are looking into Medicare prescription drug discount cards. These discount cards aren’t health insurance plans but can still provide significant savings on drug prices. What is a Prescription Discount

Prescription Discount Cards for Medicare Beneficiaries
Medicare Part D Senior Savings Model

Insulin costs always seem to rise, which is a significant problem for many Medicare beneficiaries. These high prescription costs affect more than 3 million seniors. For many going without this necessary medication isn’t an option. Failure to use it correctly can cause serious health concerns. In January 2021, the Trump administration set forth an initiative

Medicare Part D Senior Savings Model
Understanding Your Medicare Explanation of Benefits

The Medicare Explanation of Benefits outlines the health care services and products received by the policyholder. The Explanation of Benefits can be used by policyholders to understand how their health insurance plan works and verify whether they have been overcharged for services. Understanding Explanation of Benefits An Explanation of Benefits can be confusing to read,

Understanding Your Medicare Explanation of Benefits
How Medicare Star Ratings Work

The Medicare star rating system measures how well Part C and Part D plans perform in several categories. The highest rating a plan can get is 5 stars and 1 star is the lowest rating. Medicare will review plan performances every year and assign new star ratings in the fall. But what is the determination

How Medicare Star Ratings Work
What Is Medicare Extra Help

Medicare beneficiaries with a lower income may qualify for Extra Help paying monthly premiums, yearly deductibles, and copays relating to Part D prescription drug coverage. Assistance could be available to you. Keep reading to learn more about Extra Help eligibility, applications, appeals, and more. What Does Extra Help From Medicare Mean? Extra Help is a

What Is Medicare Extra Help
Top 10 Part D Prescription Drug Plans for 2023

Finding an excellent Medicare Part D prescription drug plan (PDP) can be challenging, especially when you want something with high star ratings, a lower premium, and excellent coverage. Well, we’re here to help you compare your options. You probably want to know which PDP is best. What is the lowest monthly Part D plan premium?

Top 10 Part D Prescription Drug Plans for 2023
What is the Medicare Coverage Gap

The coverage gap is also known as the donut hole for Part D prescriptions. Most Medicare plans have a coverage gap, but sometimes in select areas, plans are available that cover more than the standard amount. If you find a plan that includes gap coverage, it’s likely to have a higher monthly premium. What is

What is the Medicare Coverage Gap