Ashford Insurance

Welcome To

Prescription Drug Plans For Texas

Ashford Insurance

Medicare Insurance Made Easy

Prescription Drug Plans for Texas

Medicare Part D is a voluntary prescription drug benefit that helps pay for prescription drugs. It is available to people with Medicare, including people with Original Medicare, Medicare Advantage Plans, and People with Medicare and Medicaid (dual eligibles).

There are many different Medicare Part D plans to choose from, so it is important to compare plans and find one that meets your needs. When comparing plans, consider the following factors:

  • Cost: The cost of a Medicare Part D plan includes a monthly premium, an annual deductible, and copayments or coinsurance.
  • Coverage: Each plan has a formulary, which is a list of covered drugs. Plans may place drugs into different “tiers,” with higher-tier drugs costing more.
  • Prescription drug coverage: Some plans offer extra benefits, such as coverage for generic drugs, mail-order drugs, or coverage for drugs that are not on the formulary.

Once you have chosen a Medicare Part D plan, you will need to enroll. You can enroll during the Annual Enrollment Period (AEP), which runs from October 15 to December 7 each year. You can also enroll during the Medicare Advantage Open Enrollment Period, which runs from January 1 to February 14 each year. If you are already enrolled in a Medicare Part D plan and you want to change plans, you can do so during the Annual Enrollment Period or the Medicare Advantage Open Enrollment Period.

If you do not have any other health insurance coverage, you may be eligible for Extra Help, which is a program that helps pay for Medicare Part D costs. To find out if you are eligible for Extra Help, you can contact your State Health Insurance Assistance Program (SHIP) or the Social Security Administration.

Medicare Part D can help you pay for prescription drugs. By comparing plans and finding one that meets your needs, you can save money on your prescription drugs and get the coverage you need.

Here are some additional tips for choosing a Medicare Part D plan:

  • Get help from a SHIP counselor: SHIP counselors are free and unbiased, and they can help you understand your options and choose the right plan for you.
  • Compare plans: Use Medicare’s Plan Finder to compare plans in your area.
  • Read the plan’s summary of benefits and coverage (SBC): The SBC is a document that tells you about the plan’s costs, coverage, and limitations.
  • Enroll during the Annual Enrollment Period: If you enroll during the AEP, you will have more plan options to choose from.

By following these tips, you can choose a Medicare Part D plan that meets your needs and helps you save money on your prescription drug