Is Medicare Plan F Going Away?

Is Medicare Plan F Going Away?

A: For 2016, Medicare Advantage companies can no longer offer stand-alone prescription drug plans. They can, however, continue to offer the Part D plan if it is combined with an Advantage plan.

Q: Can I continue to buy stand-alone prescription drug plans?

A: Yes. You can continue to buy stand-alone prescription drug coverage, but you'll have to do it on your own. You won't be able to buy it from a Medicare Advantage plan.

Q: Can my stand-alone prescription drug plan go away this year?

A: No. In 2016, the stand-alone prescription drug plans will no longer be available and you're not required to switch to another plan. You can stick with your current plan.

Q: How do I get prescription drug coverage now?

A: If you want to buy a stand-alone prescription drug plan, you'll have to do it on your own. You won't be able to buy it from a Medicare Advantage plan. You'll need to go to the Medicare website and compare the various prescription drug plan options available.

Q: Do I have to switch to a Medicare Advantage plan with a Part D plan attached?

A: You can continue to buy stand-alone prescription drug coverage, but you'll have to do it on your own. You won't be able to buy it from a Medicare Advantage plan.

Q: Can I switch plans in 2016?

A: Medicare Advantage companies can no longer offer stand-alone prescription drug plans. They can, however, continue to offer the Part D plan if it is combined with an Advantage plan. You will not be required to switch to a plan with prescription drug coverage.

Q: Can I switch my Medicare Advantage Prescription Drug plan to a stand-alone prescription drug plan?

A: Yes. Your current Medicare Advantage Prescription Drug plan will be available in 2016. However, if you choose to switch, you'll have to do it on your own.

Q: Will all Medicare Advantage Prescription Drug plans have prescription drug coverage next year?

A: Yes. All Medicare Advantage Prescription Drug plans will continue to offer prescription drug coverage in 2016. You'll continue to find a variety of plans with varying prescription drug benefits. This is the last year you can buy a stand-alone prescription drug plan.

Q: How much do Medicare Advantage Prescription Drug plans cost?

A: The cost of a Medicare Advantage Prescription Drug plan will vary depending on the plan you choose and your location in the country. It will depend on the prescription drug plan you choose, as well as the provider network in your area.

Q: What if I need to change my prescription drug plan?

A: If you have Medicare and need to change your prescription drug plan, you'll need to do it on your own. If you are already part of a Medicare Advantage plan, you'll need to evaluate the options available to you.

Q: Can my Medicare Advantage plan be discontinued?

A: Plans will be discontinued for 2016. However, you won't be required to switch to another plan. You can stay with your current plan if you wish.

Q: What if I have prescription drug coverage and my plan is discontinued?

A: You can continue to buy prescription drug coverage on your own. You'll be able to buy it from a private insurance company. You'll need to go to the Medicare website and compare the plans available in your area.

Q: Are Medicare Advantage plans with prescription drug coverage better than plans that don't have prescription drug coverage?

A: Typically, Medicare Advantage plans with prescription drug coverage are more expensive than plans not offering prescription drug coverage. If you have prescription drug coverage, you'll need to go to the Medicare website and compare plans.

Q: Why did Medicare discontinue the stand-alone prescription drug plans?

A: Medicare wants to give Medicare users more of a choice. That's why they are eliminating the stand-alone prescription drug plans. Medicare will continue to offer Medicare Advantage Prescription Drug plans with prescription drug coverage, but you can choose to buy it on your own.

Q: Can I opt out of Medicare if I do not want to have prescription drug coverage?

A: No. You cannot opt out of Medicare. However, there is a Part D "buy-in" option. If you are not on Medicare - but are eligible - you can purchase Part D coverage.

Q: What is the "buy-in" option?

A: If you are not on Medicare - but are eligible - you can purchase Part D coverage. You'll need to go to the Medicare website and compare the plans available in your area.

Q: Do I have to purchase Medicare or add it to my current plan?

A: No. You can choose to be a Medicare recipient. You have a choice. You can buy a stand-alone prescription drug plan. If you do not purchase Medicare, you'll need to make sure you have prescription drug coverage.

Q: Will I be able to buy Medicare starting in 2016?

A: Yes. You can purchase Medicare starting in 2016. If you are a Medicare recipient, you have a choice. You can buy a stand-alone prescription drug plan. If you do not purchase Medicare, you'll need to make sure you have prescription drug coverage.

Q: Will Medicare have Medicare Advantage Prescription Drug plans in 2016?

A: Medicare Advantage Prescription Drug plans are still available in 2016. You'll find a variety of plans with varying prescription drug benefits.

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