What Is The Cost Of Medicare Part D?

What Is The Cost Of Medicare Part D?

Average cost for a senior citizen to purchase Medicare Part D drug coverage is $32.50 a month.

Medicare Part D drug coverage is only available to Medicare beneficiaries who are also eligible for Medicare Part B.

Medicare Part D drug coverage is not available to Medicare beneficiaries who are eligible only for Medicare Part A.

Medicare Part D drug coverage is not available to Medicare beneficiaries who are under age 65 and disabled.

Medicare Part D drug coverage is only available to eligible beneficiaries who enroll in a Medicare Part D drug plan.

Medicare Part D drug coverage is only available to eligible beneficiaries who enroll in a Medicare Advantage plan that offers drug coverage or a Medicare HMO that offers drug coverage.

Medicare beneficiaries who are eligible for Medicare Part D may also purchase stand-alone Medicare Part D drug coverage.

Medicare beneficiaries who are eligible for Medicare Part D may also purchase stand-alone Medicare Advantage plans that offer drug coverage.

Medicare beneficiaries who are eligible for Medicare Part D may also purchase stand-alone Medicare HMO plans that offer drug coverage.

Medicare beneficiaries who are eligible for Medicare Part D may also purchase stand-alone Medigap plans that include drug coverage.

Medicare Part D drug coverage is available to beneficiaries in the following categories:

Medicare beneficiaries eligible for premium-free Medicare Part A

Medicare beneficiaries eligible for premium-free Medicare Part B

Medicare beneficiaries eligible for premium-free Medicare Part A and premium-free Medicare Part B.

Medicare beneficiaries with premium-based Medicare Part A and Medicare Part B

Medicare beneficiaries with premium-based Medicare Part A and Medicare Part B who have also paid a premium for Medicare Part D drug coverage.

Medicare beneficiaries with premium-based Medicare Part A and Medicare Part B who have not paid a premium for Medicare Part D drug coverage.

The enrollment period for Medicare Part D drug coverage is 7 months.

During the 7-month enrollment period, the Medicare Part D drug plan must provide coverage for drugs that are medically necessary for treatment of certain medical conditions.

When you enroll in a Medicare Part D drug plan, you will receive a formulary identification card, which lists the drugs covered by your drug plan.

The Medicare Part D prescription drug program provides coverage for prescription drugs.

In addition to providing coverage for prescription drugs, the Medicare Part D prescription drug program also provides coverage for drugs used for:

cancer chemotherapy

hormone therapy

immunosuppressive therapy

anti-rejection therapy

graft-versus-host disease

anti-viral drugs

drugs that may increase the risk of a serious or life threatening condition

cancer therapy supportive agents

The Medicare Part D prescription drug program does not provide coverage for drugs used for the following purposes:

the treatment of behavioral disorders

the treatment of urinary incontinence

the treatment of erectile dysfunction

The Department of Health and Human Services (HHS) has set a limit on the amount that the drug plan will pay for a covered drug during a calendar year.

For the period beginning January 1, 2005 through December 31, 2005, the amount that Medicare Part D drug plans will pay for a covered drug during a calendar year is $250.

Medicare Part D drug plans must provide coverage for the following:

brand-name drugs

generic drugs

immunosuppressive drugs

the generic form of a brand-name drug

The Medicare Part D prescription drug program does not provide coverage for biologicals.

During your initial coverage period, you may switch to a different Medicare Part D drug plan.

During your initial coverage period, you may switch to a different Medicare Advantage plan that offers drug coverage or a Medicare HMO that offers drug coverage.

During your initial coverage period, you may switch to a different stand-alone Medicare Part D drug plan.

While you are required to select a Medicare Part D drug plan from a list of plans approved by Medicare, you do have a choice as to which plan on the list you enroll in.

You may enroll in any Medicare Part D drug plan on the approved list.

Many Medicare beneficiaries purchase a Medicare Advantage plan that offers drug coverage because they may be more comprehensive than stand-alone Medicare Part D drug plans.

Medicare Advantage plans that offer drug coverage offer a range of benefits that are not included in stand-alone Medicare Part D drug plans.

Medicare Advantage plans that offer drug coverage may provide additional benefits to those offered by stand-alone Medicare Part D drug plans.

Medicare Advantage plans that offer drug coverage may provide additional benefits, such as:

emergency room coverage

other health care coverage

Most Medicare beneficiaries who have drug coverage through the Medicare Part D prescription drug program choose a stand-alone Medicare Part D drug plan.

A Medicare beneficiary who wants to enroll in a Medicare Advantage plan that offers drug coverage must be enrolled in a Medicare Advantage plan.

A Medicare beneficiary who has Medicare Part D drug coverage through a stand-alone Medicare Part D drug plan may not enroll in a Medicare Advantage plan.

A Medicare beneficiary who has Medicare Part D drug coverage through a stand-alone Medicare Part D drug plan may enroll in a Medicare HMO.

A Medicare beneficiary who has Medicare Part D drug coverage through a stand-alone Medicare Part D drug plan may enroll in a Medicare PPO.

A Medicare beneficiary who has Medicare Part D drug coverage through a stand-alone Medicare Part D drug plan may enroll in a Medicare Basic plan.

A Medicare beneficiary who has Medicare Part D drug coverage through a stand-alone Medicare Part D drug plan may enroll in a Medical Savings Account.

If a Medicare beneficiary does not enroll in a Medicare Advantage plan that does not offer drug coverage, the beneficiary will face a late enrollment penalty.

If a Medicare beneficiary enrolls in a Medicare

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