Pam Hanson
 
 
Insurance Solutions

 


  
 In-Home Appointments!

 Specializing in Senior Health:

 
  • Medicare Advantage Plans
 
 
  • Medicare Supplements              
 
 
  • Prescription Plans
 
 
  • Long Term Care Insurance
 
 
  • Also Offering Individual
    Health Plans For Under Age 65
 



 
14 Years of Professional Experience!
 



Medicare Prescription Drug Coverage (Part D)

Part D is a prescription drug coverage insurance offered by private companies, approved by Medicare. Except for certain situations, you should enroll in Part D when you first become eligible to avoid penalties. Part D was designed to aid people with Medicare, lower their prescription drug costs and to protect against future costs. This prescription drug plan will allow you to have access to medically necessary drugs.
Keep in mind some Part D plans have a coverage gap (or the “donut-hole”). This means that after you and your plan have spent a certain amount of money for covered drugs; you have to pay all costs out-of-pocket for your drugs up to a limit. Your yearly deductible, your coinsurance or copayments, and what you pay in the coverage gap all count towards this out-of-pocket limit. The limit doesn't include the drug plan's premium.