Seniors age 65 and older typically rely on Medicare for their health needs. However, while Medicare is a valuable asset, it’s not a comprehensive solution, and there are gaps. One area Medicare lacks significantly is in drug coverage. Part A and B, according to
Marla Ahlgrimm, don’t provide any financial assistance with prescription medications. Most seniors choose to purchase a separate Medicare Part D plan or enroll in Medicare Advantage, which often includes prescription coverage.
Q: What is Medicare part D?
Marla Ahlgrimm: Medicare Part D is prescription drug coverage and is separate from hospital and doctor insurance. Those enrolled Original Medicare may purchase a prescription plan at an added cost. For 2019, Medicare Part D premiums tend to average around $30 per month.
Q: Does Part D cover all prescriptions?
Marla Ahlgrimm: Not necessarily, and seniors are often responsible for a copayment even when drugs are covered. The vast majority of seniors wishing for prescription drug coverage choose to enroll in a Medicare Advantage plan, which is also a form of private insurance.