Medicare Part D prescription drug insurance is not fundamentally changed by the Affordable Care Act (aka, Obamacare). The privatized prescription drug insurance program is optional for all seniors. That said, it’s an option every senior needs to exercise. Here’s why.
As you likely already know, prescription medications make up a large part of the health care costs for most seniors. Basic medications to control diabetes, high blood pressure and other common ailments are quite expensive. Original Medicare (Parts A and B) do not pay for your prescriptions, you do. If you don’t have a Medicare Part D plan, you could suddenly find yourself with some hefty expenses.
Obamacare does not require you to have a Part D plan, but every senior should have the coverage. If you can’t afford coverage, see if you qualify for extra help through Social Security.
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