How to Choose a Medicare Drug Plan. Complete Medicare Resource Center here: http://www.MedicareonVideo.com 1-877-88KEITH (53484) Important Points to Know about Obtaining Medicare Drug Coverage When enrolling for Medicare you can get coverage for prescription drugs. Medicare drug coverage is available through private insurance companies approved by Medicare. There are different ways to obtain the coverage with associated costs that vary depending on other coverage used with this plan. It is important to know how this works with other insurance you have in order to get the best coverage. Here is what you need to know about this option. How Do You Get Coverage You have two options to get drug coverage including through Medicare Part C Advantage Plan or through Part D Prescription Drug Plan. The most common way is through Part D. This plan can be used with original Medicare and other plan option such as a Medical Savings Account (MSA) or Medicare Cost Plans. Part C or Medicare Advantage Plan includes using a PPO or HMO along with benefits similar to Part A and B. You may be required to sign up for Part A and B in order to obtain Part D with Part C. Medicare drug coverage options may vary and could change depending on what Part C covers. Associated Costs and Getting Help Your income will determine how much you pay toward prescription drugs. If you receive Social Security you can have costs deducted from your Social Security payment. You may be required to satisfy an annual deductible before the drug coverage starts to pay. You may be required to pay a copay or coinsurance after paying a deductible (if your plan has this requirement). There are drug plans with different tiers that show how much you could pay depending on related costs. Generic drugs may have cheaper copay than name brand. The copay can be anywhere from a few dollars to $10 or so. The coinsurance is roughly a percentage of what the beneficiary pays before Medicare insurance covers costs. An example may be 20 or 25 percent. When you pay for drugs you are paying for a month supply unless stated otherwise. There is potential for out-of-pocket costs to be paid by the beneficiary if the insurance does not cover the cost, but in few cases this is rare. Additional Tips on Drug Coverage You can get help paying for Medicare drug coverage if you qualify. You may need to provide proof of documentation to show your eligibility for assistance. Such options may allow you to pay just a few dollars for medicine. You can obtain help when you are receiving medication and before your supply runs out for the month. The amount you pay for your plan varies based on drugs used, plan option, where you go to obtain prescriptions, if the drug is on the formulary approved by Medicare, and whether you qualify for assistance in paying for drug costs. You may qualify for assistance by your state if you receive Medicare Part A and/or Part B coverage. Enroll for coverage during the initial period to avoid paying penalites. Subscribe Here for More Medicare Tips: https://goo.gl/jzN8Rn Watch My Most Recent Video Here: https://goo.gl/jzN8Rn ================================================== QUICK AND EASY MEDICARE SUPPLEMENT QUOTES http://www.medsupsavings.com/ Facebook: https://www.facebook.com/pages/Med-Sup-Savings/1709195569306815 Twitter: https://twitter.com/MedSupSavings LinkedIn: https://www.linkedin.com/pub/keith-armbrecht/5/11b/3a0 YouTube Channel: https://www.youtube.com/user/BigHealthGreatWealth
Views: 17120 Keith Armbrecht
Medicare Part D 2018 (Prescription Drug Coverage) 844-528-8688 Get Free Medicare Academy Video Course: https://mymedicaresupplementplan.org/medicare-academy-enrollment/ Call 1-844-528-8688 for FREE quote on your Medicare Supplement Medicare Part D has several moving parts, there is a premium, deductible (with some plans) and copay of some sort for your drugs after the deductible. You can get all the details here https://youtu.be/oKHq3H1IkF0 Every plan has different prices and costs but the main components are the same and the cost of the donut hole or coverage gap is universal across all Medicare Part D 2018 (Prescription Drug Coverage). The amount of the different stages are all set by Medicare and change every years. In 2018 Medicare Part D Plans the donut hole is less than in 2017 and that should continue for the next few years. You must remember that the amount of money spent during the initial phase is what you AND the Medicare Part D Plan spend. After that the amount spent to get out of the coverage gap is only what you spent (called True out of pocket), it has nothing to do with what the prescription drug plan has spent. _________________________________________________________________ **Dont miss a single Medicare Supplement video Click Below to SUBSCRIBE** https://www.youtube.com/channel/UCpeawY2B_hUuZhV26QAwRuQ?sub_confirmation=1 _________________________________________________________________ Loran Marmes Medicare Solutions Team https://medigapinfo.net/ Facebook: https://business.facebook.com/medicaresolutionsteam
Views: 2926 Medigap TV
Call (888) 310-0376 to Compare all Medicare Part D Plans in Your State. Get Instant Access to my Medicare mini-course. Visit: http://medicare-mini-course.com In this video I explain 5 things you should know about Medicare Part D before you enroll. There have been significant changes to the Part D program since its inception in 2006. Visit http://affordablemedicareplan.com and get access to hundreds of articles on Medicare Part D, Medicare Advantage and Medicare Supplement insurance. There have been changes to enrollment periods, how premiums are calculated as well as adjustments to the Standard Benefit Model. Some things haven't changed such as who is eligible to join and how plans work. Here are 5 things you should know about the Medicare Part D program and Part D plans in particular. One. You need to know what Part D is and how it works. So what is Medicare Part D? Part D is optional prescription drug coverage for Medicare beneficiaries who are enrolled in both Medicare Parts A and B. Although Part D is optional, you should enroll when you first become eligible or potentially be subject to the Part D penalty which will have an impact on what you pay for as long as you are enrolled in a plan. Part D is offered by private insurance companies and is not part of original Medicare. Plans are offered by service area and you must live in a service area to be eligible for a plan. You can get Part D in one of two ways; you can enroll in a stand-alone plan (PDP) or you can enroll in a Medicare Advantage Plan that includes drug coverage. Plans are effective for one calendar year. Two. Understanding the terminology of Part D is important. Medicare Part D Premiums -- Premiums are paid monthly and have ranged in the low to mid $30 range for the past few years. Part D Deductible -- The deductible is the amount you may be required to pay prior to your plan paying a share of prescription drugs. Part D copayment / Coinsurance -- This is the amount you pay at the pharmacy. Drugs are place in tiers and normally a plan has four or five tiers. Initial Coverage Limit -- This amount is set annually by Medicare and will be the same for all plans. It is the amount both you and your plan will pay prior to you reaching the Part D coverage gap. Medicare Part D Donut Hole -- This is the coverage gap that you may enter if you exceed the initial coverage limit. Part D Catastrophic Coverage -- This phase is reached after you have spent a fixed amount in the Donut Hole, currently $4750. During this phase you will pay very small copayments or coinsurance amounts for your drugs. Third. You should understand the Medicare Part D enrollment periods. There are 3 types of Part D enrollment periods. When you first become eligible you have a seven month window to submit an application. If starts three months before the month you turn 65 or if you will receive Part D due to a disability it will start 3 months prior to your 25th month of disability. The Part D Annual Election Period is the time to compare Part D Plans because you are able to switch, drop or enroll in a plan. Part D Special Enrollment Periods are time that you can enroll in a plan, normally due to a change in your individual circumstances. Such as, moving from a plan's service area or losing other creditable drug coverage like from an employer or union (including (COBRA). If you live in a nursing home you also are entitled to a Special Enrollment Period. The 5 Star Special Enrollment Period allows you the opportunity to switch into or enroll in a 5 Star-rated plan once per year. Plans are rated from one to five stars by Medicare and are a reflection of the experience people who have been in enrolled in the plan have had. You are allowed to enroll between December 30th and November 8th. If you qualify for Medicare extra help you can change plans anytime. Fourth. You must know how to conduct a thorough comparison of Medicare Part D plans. You can see all available plans for your service area at the Medicare Plan Finder at medicare.gov. But don't choose a plan based on premium alone. There's a lot more to plan cost than the monthly premium. Start your search for the best plan by exploring the Medicare Part D formulary for each plan. The formulary is the list of drugs which are covered by a plan. There is no universal Part D formulary, each plan will be unique. Formularies are either Basic or Enhanced. Making sure all your drugs are covered is your number one goal. Also compare: Plan Deductibles Copayments and Coinsurance amounts Pharmacy Networks Part D Mail Order benefits Fifth. You should be aware that your Part D premium may not be what is published at medicare.gov. Premiums are now tied to your annual income. If you qualify for Medicare extra help, you may pay $0 premiums, but if you earn over $85,000 as an individual or over $170,000 filing jointly, you are going to pay more.
Views: 183343 David Forbes
Medicare Part D Prescription drug Plan. How To Find The Best Medicare Part D Prescription Drug Plan Shop for the best Medicare Part D Plan. Call us at 800-847-9680 Our other YouTube Videos: https://www.youtube.com/channel/UC4vgYKig-7gkHDsBTIlR_3A https://medigapseminars.org An independent Medicare Insurance broker See our other educational Medicare videos here: https://medigapseminars.org/on-demand-webinar/ https://www.medicare.gov Have questions? Call us at 800-847-9680 How to shop for the best Medicare Part D Plan for you, using Medicare.gov. Never just accept a broker or agent recommendation for a Part D drug plan! They are all different and the cost difference can be substantial! Use Medicare.gov to shop for the best plan. It is the only resource that lets you compare all the plans available. We take you on a step-by-step guide through the process so that you can be confident you have the best plan and lowest price available ....all via Medicare.gov best part d drug plan when turning 65 best part d drug plan for 65 year old best medicare drug plan for 65 medicare drug plan search search part d plans
Views: 9299 MedigapSeminars.org
http://www.MedicareMadeClear.com - Are your prescription drug costs covered? For Medicare recipients, this is where Part D plans can help. Whether by itself or part of a Medicare Advantage plan most Medicare recipients need Part D plans to help reduce out-of-pocket drug expenses. Y0066_101101_095633 File & Use 11062010
Views: 109315 Medicare Made Clear
What are Medicare Part D Drug Plans? Medicare Part D is a federal program administered through private insurance companies. These companies offer retail prescription drug coverage to Medicare beneficiaries. Prior to 2006, when the Medicare Part D began, tens of thousands of Medicare beneficiaries in America had little help with retail drug costs. They would often spend thousands of dollars each year paying for their medications out of pocket. Fortunately, today’s Medicare beneficiaries have better coverage with Part D. How do Medicare Part D drug plans work? Medicare Part D is simply insurance for your medication needs. You pay a monthly premium to an insurance carrier for your Part D plan. In return, you use the insurance carrier’s network of pharmacies to purchase your prescription medications. Instead of paying full price, you will pay a copay or percentage of the drug’s cost. The insurance company will pay the rest. Your Part D insurance card will be separate from your Medigap plan. Medicare Part D plans all follow federal guidelines. Each insurance carrier must submit its plan outline to the Centers for Medicare and Medicaid Services annually for approval. To improve your understanding of Medicare Part D, let’s look at the basic way that each Part D plan works. There are 4 stages to a Part D drug plan, as follows: Annual Deductible – in 2018, the allowable Medicare Part D deductible is $405. Plans may charge the full Part D deductible, a partial deductible, or waive the deductible entirely. You will pay the network discounted price for your medications until your plan tallies that you have satisfied the deductible. After that, you enter initial coverage. Initial Coverage – during this stage of Part D drug coverage, you will pay a copay for your medications based on the drug formulary. Each drug plan will separate its medications into tiers. Each tiers has a copy amount that you will pay. For example, a plan might assign a $7 copay for a Tier 1 generic medication. Maybe a Tier 3 is a preferred brand name for a $40 copay, and so on. The insurance company tracks the spending by both you and the insurance company until you have together spent a total of $3750 in 2018. The Coverage Gap – after you’ve reached the initial coverage limit for the year, you enter the coverage gap. During the gap, you will still generally have significant discounts for generic medications. You will pay only 35% of your brand name medications, and 44% of generics. (This is so much better than in 2006 when many people had to pay 100% of their drugs in the gap.) Your gap spending will continue until your total out of pocket drug costs have reached $5000 in 2018. Catastrophic Coverage – after you’ve reached the end of the coverage gap, your plan will kick in to pay 95% of the costs of your formulary medications for the rest of the year. This feature in Part D drug plans helps you limit your potential spending if you have expensive medications. Boomer Benefits provides free claims support for life for all of our Medigap and Medicare Advantage policyholders so that you are never alone in dealing with Medicare. New to Medicare? Attend our FREE Medicare 101 Webinar: https://boomerbenefits.com/webinars Get our FREE 6-Day Medicare Video Email course with bonus Medicare cost worksheet: http://boomerbenefits.link/mini-course To learn about Medicare and Employer Coverage: https://boomerbenefits.com/new-to-medicare/medicare-and-employer-coverage/ Join our 48,000 Fans on Facebook: http://www.facebook.com/BoomerBenefits ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Subscribe for NEW Youtube Videos whenever we publish them: https://www.youtube.com/c/BoomerBenefits ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Views: 113 Boomer Benefits
Call 1-800-892-7981 or visit http://medicarefriend.com/ Hi there, I'm Glen with the Medicare friend. I have given advice to thousands of folks that are turning 65 and getting onto Medicare for the first time, and what I tell them is conveniently located below for you: Silverscript Part D vs. Humana vs. AARP & All Other Medicare Prescription Drug Plans You're getting ready for Medicare and you are wondering how in the world are you going to get your prescriptions covered and everybody is starting to mail you stuff. Silverscript and AARP and Humana- Humana is so hot right now! AARP is the one that your sister or brother or friend or mother or neighbor has and they love it so is that the best one for you? The correct answer is Maybe... Here's why- unlike Medicare supplements that are all standardized and have to offer identical benefits- Medicare Part D prescription plans can be very different. Each of these Insurance Companies gets to decide how much your specific prescription that you're taking is going to cost. Here's where it gets a little shifty- if a company is boasting that they have a $0 deductible that doesn't mean anything because they may have a much higher co-pay then the next one. And the company with the higher deductible could say that your prescriptions are in a lower-tier on their formulary. And ultimately you would end up paying less for the company with the higher deductible. Better yet some companies with high deductibles can say for your prescriptions, the deductible doesn't apply to them in the first place. And best of all some of the part D plans offer free 3 month supply prescriptions through the mail order. Each person that our team helps gets a thorough analysis on medicare.gov so they will know to the penny what they will pay on one plan versus another. So you can make sure you have the Best Plan! And another nice thing is every year we revisit this with you and make sure you are still in the Medicare Part D plan that saves you the most money overall. So if you get more prescriptions later, you're not stuck, you can switch to a plan that covers your new prescriptions the best. Call us now for a free consultation- We make this SO Easy for you! Talk to you soon. Here at the Medicare friend, we shop the entire market for you, because all we want is to see you happy, with great coverage, and keeping as much money in your pocket as possible. We have NO OTHER MOTIVATION than to give you the best of the best. Call us now or visit us at Medicarefriend.com to schedule a free consultation. Watch this video as well about finding the right Prescription Drug Plan: https://www.youtube.com/watch?v=00L_u7mGMPY&list=PLTdiZbMaqckKnSydt7Z_ROR4bUynHY9vl&index=3 Remember to subscribe to our channel for more valuable information. You can first visit our channel at: https://www.youtube.com/channel/UCoh8cpq6xjK567cg6pJ2Fng Visit our playlist: https://www.youtube.com/playlist?list=PLtQT-O3RJCf-1f-ObY4bzfQxso4LGkE4P Also searched: silverscript part d formulary Humana medicare drug plan affordable
Views: 3111 The Medicare Friend
http://SeniorSavingsNetwork.org 1-800-729-9590 This explains how to find the BEST Part D drug plan for seniors when turning 65 or during the Annual Election Period. For complete, unbiased help in obtaining the lowest total cost Part D plan, you really must go through the Medicare.gov Plan Finder tool OR (better) use their call center which is open 24 hours a day. The best tip is to call the call center late at night, so that you do not have to wait on hold. best part d drug plan when turning 65 best part d drug plan for 65 year old best medicare drug plan for 65 medicare drug plan search search part d plans I-M-P-O-R-T-A-N-T L-I-N-K-S Best Medicare Plan Information 1-800-729-9590 Call 24 hrs Our site: https://SeniorSavingsNetwork.org (Secure) Follow us on Facebook: https://www.facebook.com/SeniorSavingsNetwork/ Best Medicare Videos: https://seniorsavingsnetwork.org/bestvideos Subscribe here on Youtube: https://seniorsavingsnetwork.org/youtube Make sure to also click on the BELL icon when you subscribe! Our service is 100% Free and we have the same rates the carriers have, directly, so you get us for free!
Views: 136174 Christopher Westfall
https://www.remedigap.com | 888-411-1329 Medicare Phone Number: 1-800-633-4227 www.medicare.gov Dealing with the thought of Medicare Part D might seem overwhelming, but today I’m going to show you how easy it is to find the right Part D plan using Medicare’s Plan Finder Tool. So, why is it important to use Medicare’s plan finder tool, instead of just buying the Part D plan your friend, spouse or neighbor uses? Well, there are more than 20 part D plans available and they’re not a one size fits all type of insurance coverage. Just because your friend’s plan works well for them, doesn’t mean it will work for you and your medications.The point is to find a Part D plan that covers your existing medications for the least amount of money. And, thankfully, The Plan Finder tool provides you with an annual estimate of costs based on your medications..so you can make an informed decision about your Part D Plan. To learn more about Medicare, sign up for my free Medicare eCourse -- you learn on your schedule. I cover all the parts of Medicare, enrollment periods, deadlines, penalties, Medicare Supplement insurance and more. Our Medicare eCourse can be found by clicking on the link below: https://www.remedigap.com/ecourse/
Views: 19261 REMEDIGAP
Medicare Part D Prescription Drug Plans. What you need to know about Medicare Part D prescription drug plans and the mistakes you must avoid. Making a mistake with Part D can be the most expensive mistake you make in Medicare. https://medigapseminars.org An independent Medicare Insurance broker 800-847-9680 FSee also: https://youtu.be/eIO9hg755zk See all our free Medicare educational videos here: https://medigapseminars.org/on-demand-webinar/ This video reviews what you need to know about Medicare part D prescription drug plans. We discuss the two ways you can get a prescriptions drug plan, when you can enroll and penalty. best part d drug plan when turning 65 best part d drug plan for 65 year old best medicare drug plan for 65 medicare drug plan search search part d plans
Views: 6943 MedigapSeminars.org
It is simple to find the best Medicare Part D plan for you. I share some tips on finding a prescription drug plan for you. For more information visit http://pharmacisttips.com/MedD You'll be able to compare plans and find the plan the most appropriate plan based on your medications. Ask a pharmacy related question http://pharmacisttips.com/ask/
Views: 739 Pharmacist Tips
http://www.FirstMedicareAdvisors.com - - Recorded Hotline: 1-800-958-8171 - Office: 1-800-825-2919. - - Email: firstname.lastname@example.org - - PS: No Sales Pitches Ever! We hate'em as much as you do! http;//www.socialsecurity.gov/extrahelp This video explores the importance of knowing about various programs that can help lower your Part D Drug Plan costs. Let’s face it, there are times when every dollar counts. You may qualify for big savings on your Part D prescription drug costs and don’t even realize it! In fact, if you receive Medicare, you may be eligible for the Extra Help program. This program could save you roughly $4,000 per year on your monthly premiums, annual deductibles, and prescription co-payments. To qualify for Extra Help, you must be receiving Medicare, have limited resources and income, and reside in one of the 50 states or the District of Columbia. To find out if you qualify, Social Security will need to know the value of your savings, investments, real estate, other than your home, and your income. They will also need information about you and your spouse, if you are married and living together. To apply for Extra Help, you need to complete Social Security’s Application for Extra Help with Medicare Prescription Drug Plan Costs. They have a secure online application at socialsecurity.gov/extrahelp. You can also find the link down in the description box for this video. The website also has self-help screens that guide you through a series of questions. You can apply from your home, or from computer that is convenient to you. You can start and stop the application at any time, and go back later to finish it. If you choose, you can apply for Extra Help over the phone by calling 1-800-772-1213 or visit your local Social Security office. What will happen after you apply, Social Security will review your application and send you a letter letting you know if you qualify for Extra Help. Once you qualify, you can choose a Medicare prescription drug plan. Also when you file your application for Extra Help, you can also start an application for a Medicare Savings Program — state programs that are available to help you with Medicare costs. Make sure you aren’t missing out on these easy savings. The sooner you apply, the quicker your savings begin. If you have a question or need help with these different parts of Medicare feel free to give us a call at either our Recorded Hotline. That number is 1-800-958-8171 and then record your question or request. The best way is to call my office direct at 1-800-825-2919. You’ll get an answer to point you in the right direction.
Views: 335 Dale Stringer
What is a Medicare Part D formulary? Each Medicare Part D plan has a different formulary, or list of covered prescription drugs. There are many factors that go into a formulary, which are important to recognize when choosing a plan. SilverScript® Insurance Company wants to help you choose the right plan to keep your Medicare Part D costs low. This video provides more information on prescription drug tiers, formulary changes and more. For more information on Medicare Part D formularies, How to Choose a Medicare Part D plan and much more, visit http://www.silverscript.com/learn/learn-enroll.aspx This information is available for free in other languages. Please call our Customer Care number at 1-855-275-6493 (TTY: 1-866-552-6288), 24 hours a day, 7 days a week. Esta información está disponible gratuitamente en otros idiomas. Llame a nuestro Servicio al Miembro, al 1-855-275-6493 (teléfono de texto (TTY): 1-866-552-6288), las 24 horas del día, los 7 días de la semana. SilverScript is a Prescription Drug Plan with a Medicare contract offered by SilverScript Insurance Company. Enrollment in SilverScript depends on contract renewal.
Views: 9164 SilverScript PDP
Everyone will need a Medicare Part D drug plan. Should you go with Humana, Blue Cross or ont of the others. In this video I will show you how to do it on your own, With the right Medicare Drug plan you may be able to stay out of the donut hole. The best way to get a drug plan that will cover all your drugs is to go to http://www.Medicare.gov or call the Medicare call center (800-633-4227) and speak to a plan counselor. They are open 24/7. James Grude 800-275-1844 http://www.SeniorsOnMedicare.com I tell my clients to call late at night or very early mornings. If you follow the way I show you I will guarantee that you will get the best drug plan in your area. Every senior needs to select a prescription drug plan. There is a way to check if your prescriptions will be covered by a plan. Not all plans are the same. You need to check if a plan covers all your prescriptions. Learn how to get the best plan at the lowest cost.
Views: 1745 Seniors On Medicare
All Medicare Prescriptions Drug Plans function that exact same way. It doesn't matter whether they are Stand Alone Drug Plans or attached to a Medicare Advantage Plan. This video will show you how they function and give you the good, the bad and the ugly of Medicare Prescription Drug Plans. www.graham.life
Views: 810 Graham Life Services
http://www.SeniorSavingsServices.com See how to find and compare Medicare Part D Prescription Drug Plans. With plans changing for the upcoming calendar year it is a wise choice to learn how to compare plans. Review plan options yearly during Open Enrollment, which is October 15th thru December 7th. Have you had medication changes? Is your medication covered by a Part D plan? What do you need to have to compare Part D plans? What should you look for when comparing Part D plans? This video was created to educate and answer these questions and more. See more about the Medicare Part D Enrollment Penalty by viewing: https://www.medicare.gov/part-d/costs/penalty/part-d-late-enrollment-penalty.html Some Medicare Part D changes for 2018 include a maximum deductible (if a Part D plan has) of $405.00. $3,750 Initial Coverage Limit before the Donut Hole, and $5,000 in True out-of-pocket expenses. The Donut Hole percentages are decreasing where you will spend 35% of the cost of name brand drugs and 44% of the cost of generic drugs.* See an illustration on how the Donut Hole works by viewing http://http://www.seniorsavingsservices.com/what-is-the-donut-hole/. *Applies only to drugs covered by Part D plan. Don’t assume medications that were covered this year will be covered next year for the same cost. Compare Part D Plans so you can find the right coverage for yourself.
Views: 8058 John Bush
https://expertmedicare.com 1-888-228-6119 In this video, Keith Murray of Integrity Senior Solutions shows you how to navigate the Medicare.gov website to compare drug prices and enroll in a plan. Medicare Part D Enroll in drug plan Medicare Prescription Plan Medicare Part D premium Part D Plans Help with Medicare Independent Medicare Agents Georgia Medicare Part D Nebraska Medicare Plans Best Medicare Drug Plans Cheapest Prescription Drug Plan in Medicare Part D Donut Hole
Views: 225 Keith Murray
Help us cover the political revolution: http://www.patreon.com/TYTNation "President Trump will lay out on Friday a broad strategy to reduce prescription drug prices, but in a break from one of his most popular campaign promises, he will not call for Medicare to negotiate lower prices with drug manufacturers, senior administration officials said. The White House will issue a blueprint that represents “the most comprehensive plan to tackle prescription drug affordability of any president,” a senior official told journalists on Thursday night. Asked if the plan would include direct negotiations by Medicare, the official said, “No, we are talking about something different.” “We are not calling for Medicare negotiation in the way that Democrats have called for,” the official said later. “We clearly want to make important changes that will dramatically improve the way negotiation takes place inside the Medicare program.” https://www.nytimes.com/2018/05/10/us/politics/trump-prescription-drug-costs.html?smid=fb-nytimes&smtyp=cur Shop at Amazon & support TYT Nation! http://ow.ly/LAKHU Like Our Facebook Page! http://www.Facebook.com/TYTNation Subscribe to our Network Partner: The Young Turks. http://www.youtube.com/theyoungturks http://www.tytnetwork.com
Views: 2850 TYT Nation
The A, B & C’s of Medicare Prescription Drug Plans (Part D) explained by Tim Hanbury and Jason Mackey, authors of Medicare Blueprint. This part of Medicare is the most complex of “Part” of Medicare because it’s so different than what you have with an employer or individual plan. Part D is broken down into four levels. You have a Deductible level, the Initial Coverage level, then the Coverage gap or the “donut Hole”, then you have the Catastrophic level. The good news is that most people won’t get past the Initial Coverage Level. Level one is the deductible level. These plans can have up to a $405 annual deductible. Except for some generic medications, you will pay the full cost of your medications until your deductible is met. Next is the initial coverage level. In this level, you will have either a copayment amount or you may pay a percentage of the cost depending on the medication and the insurance company offering the plan. You will have different costs for a generic medication, a preferred brand name and non-preferred brand name and specialty medications. You will continue in this level until your Total costs have reached $3,750 in 2018. At that point, you will transition into the Coverage gap or Donut hole. Once you meet the donut hole, your cost for medications will be 35% for the cost of brand name medications and 44% for the cost of a generic medications. You will continue in this level until your total costs meet $5,000 in 2018. They will apply the discount that pharmaceutical manufacturers are required to give on the cost of brand name medications. In 2018, they are required to provide a 50% reduction in the cost of a brand name medication. In 2019, this goes up to 70% of the cost of a brand name medication. What this means is that in 2018, you pay 35% of a brand name medication but 85% of the total cost is applied to the donut hole. In 2019, this will go up to 95% of the total cost is applied to the donut hole, but your cost goes down to 25% of the cost of a brand name medication. There are some costs that will not be counted in the donut hole. The most notable is that the discounts on Generic medications. Once your total costs have exceeded $5,000 in 2018 and $5,100 in 2019, you will then be in the Catastrophic level. In this level, your cost for a generic medication will be $3.35 in 2018. The cost for a brand name will be either $8.35 in 2018 OR 5% of the cost, whichever is greater. You stay at this level for the rest of the year. If you don’t sign up for Part D plan when you are first eligible, they will apply a penalty based on each month you didn’t have coverage and it’s a permanent penalty that will increase each year. While this penalty isn’t as large as the penalty under Part B of Medicare, it can add to your cost as this is “in addition” to the plan premium that you will pay. In most states, there are inexpensive plan options that are between $15 to $20 dollars. As with Part B of Medicare, if you areconsidered a “higher income” individual, there will be an Income Related Monthly Adjustment Amount based on your income from 2 years ago. Again, like with Part B, if you have a situation where you will be making less money once you are on Medicare, like retiring and not earning a wage, you can apply for a “Life Event” change form and ask for a new initial determination. How do I pick from the dozens of plans that are available? Medicare.gov has an excellent tool to help with this. When you go to Medicare.gov, on the home page you will find a green box called “Find Drug and Health Plans”. When you click on the box, it will take you to the plan finder tool. There are also other ways you can do this. You can work with an agent who can do this with you, you can call the insurance company that is offering the plan, or you can call Medicare directly and they will do the work for you. Here are the things you need to know when you are looking at coverage. You must review the listing of the covered medications, to make sure your medications are covered under the plan. You need to do this prior to signing up for a plan and then each year after because the formulary can and will change each year. You need to look at what pharmacy you want to use. This can have an impact as the pharmacy you want to see may not participate with the plan you are considering, and some pharmacies will have lower costs for your prescriptions. We recommend that you get a prescription plan when you are first eligible for coverage. You never know when you may need to get a prescription, one antibiotic can cost hundreds of dollars. Free Offer Complimentary Copy of Medicare Blueprint https://medicareblueprint.com/get-your-book/ Helpful Resources Medicare & You Guide https://goo.gl/qE5t1A Medicare Premiums: Rules for higher-income beneficiaries https://goo.gl/jtfGCm Medicare Blueprint Advisors MedicareBlueprint.com Facebook: https://www.facebook.com/MedicareBlueprint/ YouTube Channel: https://goo.gl/qcHBJH
Views: 5901 Medicare Blueprint Advisors, LLC
Views: 7497 CMSHHSgov
Views: 6083 CMSHHSgov
Call us at 888-411-1329 https://www.remedigap.com/ecourse https://www.remedigap.com/medicare-supplement-videos/ https://www.facebook.com/Remedigap/ Medicare: 1-800-633-4227 https://www.medicare.gov/ I often get calls from beneficiaries wondering if they have to buy a Part D (drug) plan...especially, if they don’t take any medications. While it’s not required by Medicare, there can be consequences for not buying a Part D drug plan when you’re first eligible for Medicare. Join me in this video to see what options are available if you don’t need (or want) a Medicare drug plan. Option # -- if you don’t take any prescription drugs is to not buy a Part D plan right now, but wait until you actually need one. Now, that seems like a common sense approach..and perfectly logical, however, there are some things to keep in mind if you choose this option. At some point, you will probably need a part d plan, and when this happens,you can’t just buy it and have it start right away. Because, Once you’re out of your enrollment period, you have to wait until the Annual Election Period (10/15-12/7) to enroll and then wait until January 1 for the plan to start. You may also be hit with a Medicare Part d late enrollment penalty. Now, this isn’t a one time fee. It’s a monthly add on penalty...so, just like it sounds, it’s added to your Part D premium every month for as long as you have a Part D plan. Now, there are some individuals that are not subject to the late enrollment penalty. And, that includes anyone who is eligible for Extra Help also know as Low-Income Subsidy and anyone who had “creditable coverage”. This is drug coverage through your job, spouse’s job, retiree coverage or VA...and, what’s important is that your current coverage is as good or better than Medicare’s...this is the only way it’s considered Creditable Coverage. Now, keep in mind that you can’t just tell Medicare you had creditable coverage….you actually have to have proof...and it must be submitted to the Part D company within 30 days of their request. Let's say you don’t fall into these two categories and you decided not to get a Part D plan when you were first eligible, so you know a penalty is coming your way. And for example sake, Let’s also say that you went 40 months without coverage and now you’re signing up for a Part D plan. Your penalty is calculated by multiplying 1% of the “national base beneficiary premium” which just means it takes all the Part D premiums and comes up with the average...(so, in 2017 the average Part D premium is $35.63). So, 1% of 35.63 is .36 multiplied by the 40 months you went without coverage. Your Part D penalty is $14.40. Remember, this is a monthly add on penalty to your Part D premium and it will stay with you for as long as you have a Part D plan. And, it’s important to note that Medicare recalculates this penalty every year with the new base beneficiary premium. And as it increases, so will your Part D penalty. The second option is to buy a Part D plan when you're first eligible. Since you don't take any medications, it’s not necessary to pay a high premium for a plan. The point is just to have a plan in place to avoid a penalty when you do decide to buy a plan. Now, with that said, Part D plans are not a one size fits all. Some Part D plans cover certain drugs better than others. So, if your doctor has mentioned the possibility of you taking a particular medication in the near future, you might want to take that into consideration when choosing a plan. But, for most people a low premium plan is the best option. And, in this video I'll provide the steps you need to find the lowest monthly premium Medicare Part D plan.
Views: 10405 REMEDIGAP
Views: 6311 CMSHHSgov
Provides an overview of the 4 tiers of Part D Prescription Drug Coverage (Deductible, Initial Coverage, Coverage Gap aka Donut Hole, and Catastrophic Coverage). Includes 2015 and 2016 overview for values in each phase of Part D coverage. Also includes an example for an individual that almost selected the wrong card and would have spent $8,000+ more than he should have on his drugs. For FREE help finding a Medicare plan, go to www.senior-advisors.com or call 1-908-272-1970.
Views: 2659 Senior Advisors
My Website: http://www.medicarescreenshare.com Contact Me: MedicareScreenShare@gmail.com Now lets talk about the most popular pastry in Medicare the donut. Stay Tuned… A donut is used to represent how most drug plans work on part D of medicare… Now every plan is different but you can expect most drug plans to work like this… So as you can see you may need to pay a $400 yearly deductible before your plan pays anything. After that you will need to pay a copay and coinsurance for your drugs. I have used 25% coinsurance in this example but this is different from plan to plan and from drug to drug. But to keep it simple in this example you pay 25% of the drugs cost and the prescription drug company pays 75% until you and the insurance company together have paid a total of $3,700. This is when you reach the donut hole or the coverage gap. In this gap you will be responsible for paying 40% for brand name drugs and 51% of generic drugs. Now when you and the insurance company have paid a total of $4950 you move into catastrophic coverage. This is when the government steps in and helps out the insurance company. You are then only responsible for 5% of drugs cost from this point until the end of the year. Check Plan Every Year: Now part D plans are run by medicare-approved private insurance companies and you pay a premium to lower the cost your prescription drug coverage. Every plan has a list of covered drugs or a Formulary. So, They put drugs into different tiers and have different cost for each tier. Now these companies can change their formularies each and every year so it is important to alway check to see if you are on the lowest cost plan for the drugs you are currently taking. Make sure to check out my other video about how to go online and look up the best plan for you soon as this video ends. And as always please like, comment, and subscribe to my channel so I can help more people. Andrew Walsh MedicareScreenShare Owner and Independent Agent (920) 960-4312 MedicareScreenShare@gmail.com MedicareScreenShare.com Title: Medicare Part D: The Donut Hole and How Drug Plans Work
Views: 2285 Andrew Walsh
Step-by-step instructions on how to pick the best Medicare Part D (Prescription Drug) Plan each year by using the Drug Plan Finder tool at Medicare.gov. If you need help...give us a call at 1-800-431-5431 and we'll answer any questions you may have. https://medigaptn.com ABOUT US Medigap Tennessee is a trusted provider of Medicare Supplemental Insurance (Medigap plans) and Prescription Drug Plans in the state of Tennessee [and 30 other states]. We have over 20 years of combined experience and are ready to help you navigate Medicare and its many related products while saving you money in the process. We specialize in making a complex subject simple and we welcome your questions! WE OFFER THE FOLLOWING SERVICES AND PRODUCTS Medigap Plans Medicare Supplement Plans Medicare Advantage Plans Prescription Drug Plans Dental / Vision / Hearing Plans Whole & Term Life Insurance Annuities and more! CONTACT US Website: https://medigaptn.com/ Call Us: 1-800-431-5431 A+ BBB Rating. Click for reviews: https://goo.gl/bFt91f DIRECT LINK TO THIS VIDEO AND TRANSCRIPT https://medigaptn.com/post/prescription-drug-plan-finder-instructional-video/
Views: 395 MedigapTN
Step-by-step guide to comparing Medicare Part D (prescription drug plans) on Medicare.gov. https://65Medicare.org
Views: 197 Secure Medicare Solutions Inc.
In 30 years of offering Medicare plans, Humana has served millions as a partner in health. Our goal is to help you achieve lifelong well-being. Choosing the right Medicare plan can help you get the care you need to feel your best. Learn about our Medicare Advantage prescription drug plans and visit https://www.humana.com/medicare for more information. Subscribe to the Humana YouTube Channel http://bit.ly/Humana_YouTube For 50 years, Humana, headquartered in Louisville, Kentucky, has been an innovator with a commitment to service, health and wellness. Our focus on people, choice, engagement and innovation guides our business practices and decision-making. In addition to group health plans, Humana's diverse lines of business position us to serve millions of people with a wide range of needs, including seniors, military members and self-employed individuals. Website: https://www.humana.com Facebook: https://www.facebook.com/humana Twitter: https://twitter.com/humana Google+: https://plus.google.com/+humana
Views: 5011 Humana
Medicare Part D. Complete Medicare Resource Center here: http://www.medsupsavings.com/ 877-88KEITH (53484) Best Medicare Supplement Plan: https://www.youtube.com/watch?v=WGqCGQNF5mw Medicare Plan F – Just Say NO: https://www.youtube.com/watch?v=0OE29IMXbNU Important Points to Know about Obtaining Medicare Drug Coverage When enrolling for Medicare you can get coverage for prescription drugs. Medicare drug coverage is available through private insurance companies approved by Medicare. There are different ways to obtain the coverage with associated costs that vary depending on other coverage used with this plan. It is important to know how this works with other insurance you have in order to get the best coverage. Here is what you need to know about this option. How Do You Get Coverage You have two options to get drug coverage including through Medicare Part C Advantage Plan or through Part D Prescription Drug Plan. The most common way is through Part D. This plan can be used with original Medicare and other plan option such as a Medical Savings Account (MSA) or Medicare Cost Plans. Part C or Medicare Advantage Plan includes using a PPO or HMO along with benefits similar to Part A and B. You may be required to sign up for Part A and B in order to obtain Part D with Part C. Medicare drug coverage options may vary and could change depending on what Part C covers. Associated Costs and Getting Help Your income will determine how much you pay toward prescription drugs. If you receive Social Security you can have costs deducted from your Social Security payment. You may be required to satisfy an annual deductible before the drug coverage starts to pay. You may be required to pay a copay or coinsurance after paying a deductible (if your plan has this requirement). There are drug plans with different tiers that show how much you could pay depending on related costs. Generic drugs may have cheaper copay than name brand. The copay can be anywhere from a few dollars to $10 or so. The coinsurance is roughly a percentage of what the beneficiary pays before Medicare insurance covers costs. An example may be 20 or 25 percent. When you pay for drugs you are paying for a month supply unless stated otherwise. There is potential for out-of-pocket costs to be paid by the beneficiary if the insurance does not cover the cost, but in few cases this is rare. Additional Tips on Drug Coverage You can get help paying for Medicare drug coverage if you qualify. You may need to provide proof of documentation to show your eligibility for assistance. Such options may allow you to pay just a few dollars for medicine. You can obtain help when you are receiving medication and before your supply runs out for the month. The amount you pay for your plan varies based on drugs used, plan option, where you go to obtain prescriptions, if the drug is on the formulary approved by Medicare, and whether you qualify for assistance in paying for drug costs. You may qualify for assistance by your state if you receive Medicare Part A and/or Part B coverage. Enroll for coverage during the initial period to avoid paying penalites. ================================================== QUICK AND EASY MEDICARE SUPPLEMENT QUOTES http://www.medsupsavings.com/ Facebook: https://www.facebook.com/pages/Med-Sup-Savings/1709195569306815 Twitter: https://twitter.com/MedSupSavings LinkedIn: https://www.linkedin.com/pub/keith-armbrecht/5/11b/3a0 YouTube Channel: https://www.youtube.com/user/BigHealthGreatWealth
Views: 5023 Keith Armbrecht
Turning 65? Enrolling in Medicare? How does Medicare work? Where can I find the best Medicare Part D prescription drug plan for my needs and budget? Watch our video. site:http://www.georgia-medicareplans.com medicare part d Medicare Part D can be a snake pit if you don’t understand how it works. Medicare Part D can be a blessing for some but a nightmare for others. Seniors age 65 and older are not required to buy a Medicare Part D plan, but if you don’t and then later change your mind, you will be subject to a Late Enrollment Penalty (LEP) of 1% per month. What is the Medicare Prescription Drug plan? How does the donut hole work? How can I avoid the donut hole? What if I can’t afford my prescription drug? Does Medicare cover vaccines? Doesn’t Medicare Part B cover prescription drugs? Why do I have to pay more because of my income? When is open enrollment? Do you have questions like these? I can help! In 2003, Congress enacted the Medicare Modernization Act that would forever change benefits, especially as it impacts the cost of prescription drugs. Did you know . . . Outpatient prescription drugs are not part of original Medicare, but rather a private insurance product marketed and administered by insurance carriers. Pharmacy Benefit Managers (PBM) negotiate pricing tiers for prescription drugs but the insurance carriers decide which drugs to include in their plan. Insurance carriers also assign tiers and copays for the Prescription Drug Plan (PDP) as well as setting the premium you pay Medicare Part D is a voluntary plan but you will pay a penalty if you fail to enroll on a timely basis. Once enrolled, you must remain in the plan until the next enrollment period BUT your plan can add or drop drugs during the year as they see fit. Non-formulary drugs do not count toward your deductible or Rx out of pocket maximum. Adding to the confusion is the dreaded DONUT HOLE. In 2018, your ICL (initial coverage level) is $3750. Also in 2018, your TrOOP is $5,000 once you exit the donut hole and enter the catastrophic coverage level. I can show you ways to minimize your out of pocket costs and in some cases, completely avoid the donut hole. If you are turning 65 and enrolling in Medicare, this may be your only chance to purchase a Medigap plan. Here is your guide to understanding Medicare. You don't have to be receiving Social Security to enroll in Medicare insurance. CMS is the agency that oversees Medicare. What is Medicare? Senior healthcare insurance is commonly used to describe the Medicare program. How to sign up for Medicare? You may enroll in Medicare 3 months before your 65th birthday, the month you turn 65, and 3 months following your 65th birthday. You may enroll online (highly recommended), by mail or by visiting a Social Security office. Original Medicare has 4 parts. Medicare Part A covers hospital inpatient charges and has a per admission deductible Medicare Part B is for outpatient health care treatment. Doctor visits, labs, X-rays, MRI, CT scan (CAT scan), ambulance, ER, outpatient clinics, etc. Essentially any Medicare approved health care received outside the hospital setting. Treatment considered medically necessary under Medicare guidelines. Medicare Part B has a calendar year deductible. Once satisfied, Medicare pays 80% of the approved charge, you are responsible for the remaining 20%. Most seniors worry about hospital stays, but your major expenses will more than likely fall under Medicare Part B outpatient expenses. Original Medicare stand alone has no cap on your out of pocket expenses. You pay until you run out of money, get well or die. Medicare Part C is now referred to as Medicare Advantage. More on that later. Medicare Part D covers outpatient prescription drugs. Some Advantage plans have drug coverage built into the plan. Call (404) 252-5859 to speak with Bob Vineyard. I will personally answer all of your Medicare questions. Never any charge. Free, online instant GA Medigap quotes - http://gamedigapquotes.com/ Visit my secure website at Georgia Medicare Plans - https://www.georgia-medicareplans.com/ For an online resource center or to apply for Medicare visit http://www.medicare.gov To learn about the history of Medigap visit: https://en.wikipedia.org/wiki/Medigap For more information about Medicare Part D plans visit: https://www.georgia-medicareplans.com/medicare-part-d-what-you-need-to-know/ #GeorgiaMedicarePlans #GAMedigapQuotes #Turning65 How does Medicare Part D work?
Views: 19 Georgia Medicare Plans
Best Part D Plan with Medicare! Get Free help: http://medicaresavingsolutions.com/ 1-800-663-5707 Hi my name is Devon West and I run Medicare Saving Solutions. I thought I’d put a video together to show you how to pick the best Medicare Part D Prescription Drug plan. It’s a lot easier than you might think, stay tuned. The easiest way to find the best medicare part d prescription drug plan is to go to Medicare.gove and click on the find health and drug plans button. Then you go to the medicare plan finder and you put in your zip code. We’ll put in 98335 here and click find plans and here it gives you a bunch of different options. Um you answer how do you get your medicare coverage? How do you, do you get help from your state to get help paying for your Medicare Prescription drug costs. I just pick a couple answers here to get on to the next thing. Then you go and it says enter your prescription drugs and down here you’ll type your name of your prescription drug. We’ll use simvastatin for this one and it lets you put in your dosage, quantity, frequency, and Pharmacy type if you want to do mail order. And we’ll do another one here we’ll do Advair and we’ll do the Advair inhaler and click find drug and it’ll let you do all the other options as well and add drug. And then click my drug list is complete and it’ll go to the next page here which is your pharmacy selection page and we’ll pick bartell drugs as well as Safeway pharmacy to see what the costs are there and continue to plan selections or results sorry. Takes a minute. Ok so here you can refine your plan results and you want to pick prescription drug plans um then you can choose the other two options, those are for Medicare advantage plans. So then you refine those plans and then it shows you the prescription drug plans starting at the top is the lowest cost plan over the year as you can see that one is 717. I believe that’s what It says, its kinda blurry on my end. Then it shows you your monthly premiums deductibles copays um whether or not your prescription drugs are on the formulary or any prescription drug restrictions. So we’ll click on the first one First Health Part D value plus because that’s what it shows is the lowest for these two medications and it’ll give you the plan details here in a second. So you’ll want to make sure the tab is highlighted drug costs and coverage and it shows how to contact the plan with the phone numbers up there. Um and then it shows bartell drugs and safeway and mail order and the differences between them all. Um if you do safeway it is a little bit less because they are a preffered retail cost sharing instead of bartells which is standard. Then the mail order pharmacy also gives you uh the option to do that but it costs a little bit more over the year. Then you can go back and select the your plan results button again and look at all the plans that are available to you and compare them. There are a few different ways you can go about choosing a plan, you can go to medicare.gov and go through plan finder which is what we just did and might be the easiest way for a lot of people. Or you can call Medicare at 1800medicare or you can just call us for free help choosing a medicare part d prescription drug plan or a medicare supplement plan. Again this is Devon West with Medicare Saving Solutions, if you choose to contact us we will help you choose a plan and we will not only help you at that time, but we will become your agent year after year to make sure you are always taken care of. Now let us help you choose the best Medicare Supplement Plan: https://www.youtube.com/watch?v=d_zcfcfRS7g Is plan F or plan G better?
Views: 2470 Medicare Saving Solutions
Subhead Cost in Drug Plans with Medicare Part D Varies From State to State Synopsis As an eligible Medicare beneficiary, you must select a drug plan and pay a monthly premium to receive the coverage, known as Medicare Part D. Drug plans vary by state and may offer extra benefits such as no deductible, higher coverage limits or cover additional drugs. Content Medicare Part D provides insurance coverage for prescription medications and is an important part of Medicare to consider if you’re eligible. It helps cover the “donut hole” opening you may have with traditional Medicare plans. You might need coverage for cholesterol and high blood pressure prescriptions—this is where Medicare Part D comes in. Under this particular program, insurance companies and other private firms contract with Medicare to provide prescription drug benefits to Medicare beneficiaries like you. How do you get a plan? You first must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered. When choosing Part D coverage, there are a multitude of factors to consider: − Timing of enrollment. − Potential of penalties incurred for late enrollment. − The option to change plans. − Current prescription coverage. − Medication coverage. − Out-of-pocket costs. − Pharmacy convenience. − Future health changes. Watch the interview on the basics of Medicare with Curt Chojnowski, Principal at Executive Benefits Group and Medicare specialist. Curt has more than 20 years of experience in the industry and focuses on the ins and outs of Medicare coverage. If you already have prescription drug coverage, compare your current coverage with that provided through a Medicare plan. You want the most effective and efficient plan available, because as a senior, you need to keep as many dollars in your pocket as possible. The process of making decisions concerning health care insurance can be overwhelming and cause you confusion because of the plethora of providers and variances from state to state. It’s imperative to seek the help of a financial or insurance professional to ensure you’re on the right track for your situation and to maximize your retirement income dollars. National syndicated financial columnist Steve Savant interviews Curt Chojnowski on the basics of Medicare and the strategies available to seniors. Right on the Money is a weekly talk interview talk show for consumers. The show segments are distributed nationally as daily video press releases. (www.rightonthemoneyshow.com) https://youtu.be/k1GcFfFUQpA
Views: 1157 Right On The Money Show
CLICK HERE http://seniormarketsolutions.com - 1-800-784-8969 Compare all Medicare Part D Plans in Your State with our Medicare experts. Medicare Part D is Medicare prescription drug coverage, offered through private, Medicare-approved insurers. Understanding what Medicare Part D covers and whether you should enroll in a Medicare Part D plan can be complicated, but we can help with all your Medigap choices. GET OUR FREE 2018 MEDIGAP AND YOU GUIDE JUST TAKE OUR QUIZ: Which Medigap Plan Is Best For You? CLICK HERE------https://www.qzzr.com/c/quiz/455510/wh... Let us help you with your Medicare Insurance Options, our services are 100% FREE to you. Keep Up With Medicare and Medigap Plans 24/7, Connect WIth Us Today! Medicare & Medigap Hotline: 1-800-784-8969
Views: 82 Best Medicare Solutions for Seniors
The coverage can provide protection from high drug costs or from unexpected drug bills What you should know: •Medicare covers brand name and generic drugs •Anyone over age 65 is eligible •Costs vary depending on the drug plan you choose Related Videos: •Medicare Videos, http://www.youtube.com/user/CVSPharmacyVideos#grid/user/F9BC8C72038F2D7F Related Health Articles: •Caregiver: Facing Finances Caring for a loved one isn't just a job. It's a calling. And, all too often, it can also be a financial strain. An ailing mother, father, or spouse can throw your carefully laid plans out the window. There are many different ways to pay for caregiving expenses, though, and you can find a way to help without ending up in the poorhouse...Read More: http://bit.ly/b7aLYV •Healthy Aging 101: Preparing for Your Later Years No matter whether you're thinking about retirement or planning to work for years to come, it's never too early to start preparing for the future...Read More: http://bit.ly/diBc3G Related Products: The following are products sold by CVS/pharmacy that may be of interest to you: Medcenter Pill System $69.99 http://bit.ly/ciyp0Z Transcript Hi, I'm Greg Collins and I'm a CVS pharmacist. Medicare prescription drug coverage is insurance that covers both brand-name and generic prescription drugs at participating pharmacies. The coverage can provide protection for people who have very high drug costs or protection from unexpected prescription drug bills in the future. Anyone over the age of 65 with Medicare is eligible for this coverage, regardless of income and resources, health status, or current prescription expenses. There are three ways to get Medicare prescription drug coverage: you can join a Medicare prescription drug plan, a Medicare Advantage plan, or another Medicare health plan that offers drug coverage. Like other insurance, if you join, you will generally pay a monthly premium, which varies by plan, and a yearly deductible. You will also pay part of the cost of your prescriptions, including a copayment or co-insurance. Costs will vary depending on which drug plan you choose. Some plans may offer more coverage and additional drugs for a higher monthly premium. If you have limited income and resources, and you qualify for extra help, you may not have to pay a premium or deductible. I hope that explains what prescription drug coverage is, how it works, and who's eligible. Remember, your CVS pharmacist is always happy to answer any of your questions. That's why we're here. Source: CVS Caremark Health Resources
Views: 2973 CVS Health
Medicare.gov changed something on the website just a couple of days after recording this video. For the first step in the video, instead of clicking "Find Health & Drug Plans" under "Drug Coverage (Part D)", you need to click the Green Button on the left side of the page that says "Find Health & Drug Plans". Everything else in the video should be aligned Each year from October 15 to December 7, Medicare beneficiaries have an opportunity to review their drug card to make sure the best plan is selected. Medicare.gov has a great tool to analyze your Part D Prescription Drug Coverage. This brief video is intended to help individuals understand how to use the tool, read the reports, and select the best drug card. For FREE help finding a Medicare plan, go to www.senior-advisors.com or call 1-908-272-1970.
Views: 1713 Senior Advisors
Views: 4572 CMSHHSgov
William Fleming, PharmD, vice president of Humana Pharmacy Solutions, discusses the new Medicare Part D plan, the "Humana Walmart-Preferred Rx Plan (PDP)." Permalink: http://www.businesswire.com/news/home/20100930007191/en/Humana-Walmart-Announce-Innovative-Medicare-Part-Prescription
Views: 2318 BusinessWire
Medicare Prescription Drug Plans Gordon Marketing - http://gordonmarketing.com Medigap Central - http://medigapcentral.com Medicare prescription drug plans also known as Medicare Part D can be one of the most confusing parts of Medicare. Deciding if the least expensive plan in your area is really the best one for you will depend on several factors. Going with the least expensive plan can often end up costing you more in the long run. You will need to work with your local insurance agent to carefully look at your options to see which plan will benefit you the most in the long term. That may well be the least expensive plan, but we would not suggest that you purchase the least expensive plan automatically for the reason mentioned above. Your agent will be able to guide you and help you determine the best plan for you. Gordon Marketing 20224 Hague Rd Noblesville IN 46062 (800) 388-8342 https://youtu.be/WSTZXruSWpY Medicare Prescription Drug Plans
Views: 98 Medicare For Dummies
Medicare Part D: http://medigapinfo.net/new-to-medicare/ or call 1-844-528-8688 Best Medicare Supplement Plan Here: https://www.youtube.com/watch?v=dGHEzYMylEA This video https://www.youtube.com/watch?v=vKV1PE2SuFs Explains how to find the BEST Medicare Part D drug plan for seniors when turning 65 or during the Annual Election Period. We highly recommend using the Medicare.gov plan finder tool here: https://www.medicare.gov/ or calling Medicare direct at 1-800-633-4227. You can get more Medicare information by going to our channel here:https://www.youtube.com/channel/UCpeawY2B_hUuZhV26QAwRuQ or visit our website. http://medigapinfo.net/ 1-844-528-8688 Part D is prescription drug coverage for Medicare beneficiaries who are enrolled in both Medicare Parts A and B. Although Part D is optional, you should enroll when you first become eligible or you will be subject to the Part D penalty which will have an impact on your rates, for as long as you are enrolled in a plan. Part D is offered by private insurance companies and is not part of original Medicare. Plans are offered by service area and you must live in a service area to be eligible for a plan. Medicare Part D Premiums -- Premiums are paid monthly and range from $18.40 to over $75.00 with the national average for 2016 being $36.41. Part D Deductible -- The deductible is the amount you may be required to pay prior to your plan paying a share of prescription drugs. The amount of deductible and on what tiers, it is paid on will be determined by the Part D you choose. Part D will also have copayments and/or coinsurance, this is the amount you pay at the pharmacy, and will be determined by what tier your prescription is. Initial Coverage Limit -- This amount is set annually by Medicare and will be the same for all plans. It is the amount both you and your plan will pay prior to you reaching the Part D coverage gap. Medicare Part D Donut Hole or Gap -- Is the coverage gap that you you will enter if you exceed the initial coverage limit of $3310.00 for 2016. This amount is the total spent by you AND the Insurance company combined. Part D Catastrophic Coverage -- Is reached after you alone (TrOOP) have spent a fixed amount in the Donut Hole, this amount is called True Out of Pocket. For 2016 the amount is $4850.00. During this phase you will pay very small copayments or coinsurance amounts for your drugs normally around %5. Table of Contents: 00:00 - Introduction 00:24 - Slide 1 01:34 - Part D Late Enrollment Penalty 06:01 - Slide 7 07:00 - Slide 8 08:36 - Slide 9 _________________________________________________________________ **Dont miss a single Medigap video Click Below to SUBSCRIBE** http://www.youtube.com/channel/UCpeawY2B_hUuZhV26QAwRuQ?sub_confirmation=1 ----------------------------------------------------------------------------------------------------------- Loran Marmes Medicare Solutions Team http://medigapinfo.net/ Facebook: https://www.facebook.com/medicaresolutionsteam/ -----------------------------------------------------------------------------------------------------------
Views: 7368 Medigap TV
The Medicare Part D Penalty, it's more than the small fine! Do I need Part D? What happens if I need Part D and don't have it? See our full library educational Medicare Videos: https://medigapseminars.org/on-demand-webinar/ Our YouTube channel: https://www.youtube.com/channel/UC4vgYKig-7gkHDsBTIlR_3A Want to learn more about Medicare Part D? https://medigapseminars.org/medicare-part-d-prescription-drug-insurance/ Have a question? Call us today at 800-847-9680 Matthew Claassen is an independent insurance broker specializing in Medicare. Our mission is to provide you with all the information you need to make an informed decision regarding your Medicare choices. We are licensed in over 40 states and help people make the best Medicare decision coast-to-coast, from California to Virginia and from Michigan to Miami. We understand the different state laws and regulations that can impact your decision and have been in the financial services industry since 1984. Do I really need a Medicare Part D plan even if I take no prescription? I am asked this question every week. This video is my answer. I explain why and how the financial penalty for not having a Medicare Part D drug plan should not be the real reason you consider when make the decision. Make sure your insurance broker is a true independent insurance broker able to offer you unbiased advice. When it comes to Medicare, experience counts.
Views: 5285 MedigapSeminars.org
Medicare Part D drug plan overview. How does the Medicare Part D drug plan work? Learn about the plans available and potential penalties associated with Medicare Part D. To learn more visit us at: http://www.seniorconnectionbenefits.com or reach us by phone to setup a free consultation at: 812-473-7271
Views: 100 Senior Connection Benefits
http://www.FirstMedicareAdvisors.com - - Recorded Hotline: 1-800-958-8171 - Office: 1-800-825-2919. - - Email: email@example.com - - PS: No Sales Pitches Ever! We hate'em as much as you do! The Medicare Part D is your drug coverage. Here is a key point: The Part D drug plan is completely different than the drug plan you may have had as an individual or at your workplace. They are not the same types of benefit. Part D Plans are required to cover certain types of drugs, but they may choose which drugs it covers. Your drug plans are offered by private insurance companies. Before we talk about drug tiers, let’s talk about how the companies offer their benefits: All prescription drug plans have a formulary that lists the drugs covered. By law, both brand name and generic drugs must be included in the formulary. They also must have a variety of those categories. Each plan’s formulary can be different from other company benefits. And formularies can change from one year to the next. Well, how does the drug plan create its formulary? The purpose of the formulary is to identify drugs that work for you. But - also price-effective for the company. The effort to control costs is why they use of drug tiers The companies divide the drugs they provide into “tiers.” The level each drug goes into is based on what price the plan pays to the pharmaceutical manufacturer. If a drug program receives a lower price on a drug, then it can place it in a lower tier and pass the savings onto you. Each plan has a different copay, coinsurance, and deductible. Therefore, you pay more for a drug on one plan’s formulary over another plan. Each insurance company decides its own tier formula. They may offer you a formulary with several different levels. The lower level drugs have the lower cost. The price increases based on the higher tier. If you have a question or need help with your different parts of Medicare give us a call at either our Recorded Hotline at 1-800-958-8171 and record your question or request. The second and quickest way is to call my office direct at 1-800-825-2919. You’ll get an answer to point you in the right direction. Here’s how drug tiers typically work: Tier 1 is usually generic drugs with lower costs. Tier 2 is usually “a preferred” brand name medication. These are drugs that the insurance company has negotiated to get lower prices. Tier 3 is called the “non-preferred” drug brands that are the same as the tier 2 brand names. But the plan must charge the drug company price. Tier 4 is usually the specialty drugs. You will often be required to pay a coinsurance and copay on these drugs. Tier 5 is usually the experimental drugs and cost the most. Most likely your formulary is going to change. Why? Because tiers will be changing for different drugs? For example, a few years back I was taking a drug called Lipitor. Man, was it pricey! But eventually, a generic called Atorvastatin came on the market. Fortunately - the price dropped dramatically. Regularly generic versions of drugs come into the market. The pricing for drugs may be renegotiated during the year. Both these scenarios can cause your plan to add or remove your drug from your formulary. The plan may move it to another tier. To save money you want to know and understand your plan’s drug tiers. When you enroll in a Part D plan check the tiers for the drugs, you currently take. Then you can calculate your copay or coinsurance. If you’re prescribed a new drug by your doctor, find it in your formulary and see which tier it is in. What happens if your doctor prescribes a drug that costs more because of a higher tier in your formulary? If that happens, ask your doctor to prescribe a drug that costs less on a lower tier. Generally, generics are a good place to look for prescription savings. Talk to your doctor about what lower-priced drugs may work for you. If you can’t find a good similar drug file a request and ask your plan to allow you to pay a lower price for a higher-level tier drug. If you need additional information about your prescription drug resources, give our office a call on our Recorded Hotline. That number is 1-800-958-8171 and then record your question or request. However, the best way is to call my office direct at 1-800-825-2919. You’ll get an answer to point you in the right direction.
Views: 215 Dale Stringer
The Medicare Part D Coverage Gap, or “Donut Hole,” can be confusing. SilverScript® Insurance Company can close that knowledge gap and help you understand what the four Medicare coverage stages are and how they can affect your Medicare Part D costs. This video provides more information on the four Medicare coverage stages, including the Annual Deductible Stage, the Initial Coverage Stage, the Coverage Gap and the Catastrophic Coverage Stage. For more information on Medicare and Medicare Part D, visit SilverScript.com. http://www.silverscript.com/learn/learn-enroll.aspx This information is available for free in other languages. Please call our Customer Care number at 1-855-275-6493 (TTY: 1-866-552-6288), 24 hours a day, 7 days a week. Esta información está disponible gratuitamente en otros idiomas. Llame a nuestro Servicio al Miembro, al 1-855-275-6493 (teléfono de texto (TTY): 1-866-552-6288), las 24 horas del día, los 7 días de la semana. SilverScript is a Prescription Drug Plan with a Medicare contract offered by SilverScript Insurance Company. Enrollment in SilverScript depends on contract renewal
Views: 10490 SilverScript PDP
Check out our new website http://www.rehealthify.com/ Rehealthify offers reliable, up-to-date health information, anytime, anywhere, for free. -- video script below -- Part D is the name of Medicare's prescription drug coverage. It's insurance that helps people pay for prescription drugs. It is available to everyone who has Medicare. It provides protection if you pay high drug costs or have unexpected prescription drug bills. It doesn't cover all costs. You have to pay part of the cost of prescription drugs. Most people also have to pay an additional monthly cost. Private companies provide Medicare prescription drug coverage. You choose the drug plan you like best. Whether or not you should sign up depends on how good your current coverage is. You need to sign up as soon as you are eligible for Medicare. Otherwise, there may be additional charges. Centers for Medicare and Medicaid Services
Views: 365 Rehealthify
Please take the quiz: https://docs.google.com/forms/d/1sqkVDUCyRKIKpLI0B5GlM2kEbHt8C1ZeR7smYwVDWQw/viewform
Views: Angela Zeek
Since 2006 the Federal government, through the Center for Medicare and Medicaid Services (CMS), has been encouraging employer-based health plans to maintain retiree drug coverage. This is because if employer-based health plans did not do so, individuals would enroll in Medicare Part D for their prescription drug coverage, which is subsidized by general tax revenue. This takes two forms. First, CMS maintains a Part D reimbursement program for employer-based health plans that provide a benefit at least as rich as the Medicare Part D coverage level. This program pays a 28% subsidy for each Medicare eligible retiree’s annual drug spend between $320 and $6,600. CMS also allows an employer-based health plan to provide coverage through a program called “Employer Group Waiver Program” or EGWP. EGWP programs obtain subsidies through three distinct areas: 1) a base subsidy based on the health of the covered population, 2) reimbursement of 50% of brand drugs in the Part D coverage gap and 3) CMS reinsurance of 80% of claims in the Part D catastrophic tier. The sum of these three subsidies can be significantly more than the Part D subsidy. There are a number of design and administrative issues to consider when thinking about the relative merits of these two programs in addition to the financial differences. This session will review the differences in detail and discuss one health plan’s experience in budgeting, designing and implementing an EGWP. Presenters: Frank Perry, Operations Administrator, East End Health Plan, and Larry Singer, Senior Vice President, Segal Consulting
Views: 244 NYSASBO
Views: 3843 CMSHHSgov