Medicare Part D FAQ’s
Monday, May 8th, 2006You ve likely heard about Part D, Medicare s new coverage for prescription drugs. Of course, that doesn t mean you understand it. Here, we answer your frequently asked questions.
Who is eligible for Part D?
Anyone with Medicare - that is, anyone over age 65, or under 65 with disabilities.
What does Medicare Part D cost?
There are hundreds of different plans, with an average premium of about $22 a month. If you re under a certain income level, you may qualify for free coverage.
How do I get Part D?
You can sign up within three months prior to or three months after turning 65. If you don t sign up then, you can t sign up again until the following November and you may pay a penalty. Once you ve chosen a plan, you have to stick with it for the rest of the year-but everyone is allowed to switch plans between November 15 and December 31.
What will I be paying for prescription drugs?
First, you must meet your plan s deductible (this year, the deductible can b (more...)
