New Jersey seniors, Medicare Part D plans are getting better every year, and 2015 is no exception. Choose your Part D Plan wisely. If you have a regular prescription or two, we suggest that you verify that the plan you want offers your medication at a good price. You find this information in the formulary.
2015 Medicare Part D Donut Hole
As you might be aware, the Medicare Part D coverage gap, also known as the donut hole, is with us for a few more years. The Affordable Care Act eventually closes the gap, but it’s still with us in 2015. 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.
New Jersey Medicare Advantage Plans Include Prescription Drug Coverage
Your Medicare benefits are flexible, and there’s more than one way to get prescription drug coverage. 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 New Jersey Medicare Advantage Plans that include Part D.
Part D Plans and Medicare Supplements Work Together
Thinking about supplemental insurance that can offer you more coverage? It’s a smart move. Even with the new healthcare law fully in place, your Original Medicare only pays about 80 percent of your New Jersey healthcare bills. That’s why MedicareWire.com maintains a complete catalog of New Jersey Medicare Supplement Insurance, also known as Medigap. We make it easy to find the best price on the plan you want. The choice is yours, because all Part D plans are compatible with New Jersey Medigap plans.
Medicare Part D for Dual Eligibles
If you meet the requirements for both Medicare and Medicaid (dual eligible) in New Jersey, you will automatically receive a Medicare Prescription Drug Plan, as well as Extra Help from Social Security. Extra Help pays for most of the costs of your prescriptions if you meet the eligibility requirements. Even if you qualify, the dual eligible option may not suit your needs. In this case, enroll in the prescription drug plan of your choice. If you receive Medicaid now, call your local Medicaid office for assistance with your dual eligible benefits.