Prescription drug coverage is an important aspect of healthcare, especially as people get older. No one knows what illnesses and ailments will come their way and what medications will be available for treatment. Helping your clients get all the information they need about prescription drug coverage with Medicare is vital to helping them lead happy and healthy lives. Your clients need to be aware of this information before they turn 65 so that they are empowered to take control of their health during their senior years.
Medicare offers two ways to get prescription drug coverage: Part C (Medicare Advantage Plan) or Part D (stand-alone prescription drug plans). It is important to note that no one can be denied prescription drug coverage if they are on Medicare, even if they have pre-existing conditions or use a lot of prescription drugs.
Medicare Part C
Medicare Part C, also known as Medicare Advantage Plan, is a health insurance policy available through private insurance companies. Medicare Advantage Plans include Medicare Parts A, B, and D in one policy, as opposed to three separate policies. People who select this option must choose between many different plan options with varying premiums, deductibles, and coverage levels.
Medicare Part D
Medicare Part D is a stand-alone prescription drug coverage policy. Those who select a Medicare Part D policy in addition to traditional Medicare (Part A and/or Part B) may need to evaluate dozens of policy coverage options, which can make choosing a policy seem confusing and overwhelming for people who don’t have time to research each option. Your clients can select policies with lower premiums and higher deductibles or those with higher premiums and lower deductibles to ensure they have the coverage they will need.