Part D of the Medicare is for the prescription drug coverage of the Medicare enrollees. It is provided by private companies which are approved by the government. If you don’t take the PDP for the very first time you are eligible without any prior coverage or else extra help and if you wish to take it at a later point in your life, you may have to pay a penalty.
Each Prescription drug plan is different with different price tags and covers for a different set of drugs. The coverage to drugs may be obtained in two ways like:
Prescription drug plan (PDP) covers for the drug costs of the original Medicare. Besides that, they cover for the Medicare cost plans such as the Medicare private fee for services (PFFS) and Medicare savings account (MSA) and other plans.
The other way to get coverage for the Medicines is to opt for an advantage plan covered under the part C of the Medicare. It covers for the gaps in the Part A and B and also for the prescription drug coverage. A part C cover which offers drug coverage is called as Medicare MA-PD plan.
To join a Medicare drug plan, it’s mandatory that one get the basic Medicare that is both part A and part B. It is very easy to take up a Medicare drug plan and here are the steps:
All care is to be taken that no new plan that covers for the drugs is to be taken if the Medicare Advantage covers for the drugs.
If the coverage to the drugs is offered by the part D of the Medicare, it is easy to switch the plan if required. It is to be done during prescribed period of time. The new plan comes into play as soon as the old plan terminates.
All changes that are desired in the PDPs are to be made as soon as possible so as to receive the membership cards and the letter of intimation for the plan and hence it is comfortable to get the prescriptions filled.
All care is to be taken to keep the personal details a secret to all other plan providers other than the present plan providers.