Iowa seniors, Medicare Part D plans are getting better every year, and 2015 is no exception. Choose carefully, and don’t settle on a Part D plan until you know that your most expensive medications are covered at a price you can afford. You find this information in the formulary.
The 2015 Medicare Part D Coverage Gap is Closing
Are you aware that the Medicare Part D coverage gap (aka, donut hole) is still with us? The good news is that the coverage gap is shrinking, and soon it will be gone completely. Until it’s gone, use a pharmacy discount card. It will help with most of your uninsured prescriptions. We recommend the Rx Discount Card and coupons from GoodRx.com.
Iowa Medicare Advantage Plans Include Prescription Drug Coverage
There’s more than one way to get prescription drug coverage with your Medicare benefits. The first way is by enrolling in one of the Part D plans above. The second way to get help paying for your prescriptions is through one of the Iowa Medicare Advantage Plans that include Part D.
Part D Plans and Medicare Supplements Work Together
The new healthcare law did not change the coverage you get from Medicare for major medical. You are still responsible for paying the remaining 20 percent of all hospital and doctor bills. Even a brief hospital stay can cost you thousands. MedicareWire.com makes it easy to find the lowest price on the Iowa Medicare Supplement, commonly called a Medigap plan, you want. The prescription drug plans above are fully compatible with all Medicare Supplements sold in Iowa.
Medicare Part D for Dual Eligibles
Iowa seniors who qualify for both Medicare and Medicaid (dual eligible) may be enrolled in a Iowa Medicare Prescription Drug Plan automatically, as well as Social Security’s Extra Help program. If you qualify for Extra Help, the program will cover most of the costs of your prescriptions. You may also enroll in a plan of your own choosing that better meets your needs. If you receive Medicaid now, call your local Medicaid office for assistance with your dual eligible benefits.