Blog Posts Related to Medicare Part D

On this page, you will find articles related to Medicare prescription drug plans (Medicare Part D).

Does Medicare Cover Insulin?

by Ethan Bynon, January 6, 2022 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Andrew Bynon

Prescription medications can be difficult to keep up with financially, especially when needed to treat a chronic condition, like diabetes. Insulin in particular has suffered from skyrocketing prices over the past few years. Fortunately, as of January 2021, Medicare introduced the Senior Savings … [Read more...]

Medicare Mistake #10: Costly Financial Moves when You Retire

by David Bynon, July 24, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

In Medicare Mistake #9 we talked about how expensive it can be to go out-of-network in a Medicare Advantage planMedicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B).... and what you can do about it. Similarly, retiring can also be costly with Medicare. In this tenth and final edition of our Medicare Mistakes Series, we'll address three things you need to … [Read more...]

Medicare Mistake #8: Not Reviewing and Understanding Your Coverage

by David Bynon, July 16, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

In Medicare Mistake #5 we talked about why the best plan for your spouse or friend might not be the best plan for you. In this Medicare Mistakes article, we'll address the importance of reviewing and understanding your coverage to make sure you're actually getting what you need.

Key Takeaways … [Read more...]

Medicare Mistake #5: Getting the Same Medicare Plan as Your Spouse

by David Bynon, July 4, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

Medicare health insurance is a very personal product. And, other than a household discount from some Medicare supplementMedicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage.... companies, there are no discounts for choosing the same plan as your spouse. In this, the fifth article in our Medicare Mistakes Series, we'll cover why buying the same coverage … [Read more...]

Medicare Mistake #3: Not Signing Up for Medicare If You Have Retiree, COBRA, or Other Health Coverage

by David Bynon, July 2, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

In Mistake #2 of the Medicare Mistakes Series, we addressed forgetting to enroll in Medicare at age 65, but we skimmed over the issue of not enrolling if you are still working and have group health coverage through your employer. In some cases, it's okay to keep your employer's coverage, but in … [Read more...]

Medicare Mistake #2: Forgetting to Sign Up for Medicare at Age 65

by David Bynon, July 1, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

In our first article in the Medicare Mistakes Series, we dispelled a common misconception that Medicare health coverage is free. In Mistake #2, we're going to address an equally important topic, getting enrolled on time and avoiding penalties.

Key Takeaways

Medicare has various enrollment … [Read more...]

Medicare Mistake #1: Thinking It’s Free!

by David Bynon, June 29, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

Many people mistakenly believe that Medicare is free for retirees and people with disabilities. After all, during all of the years that we work we paid Medicare taxes, right? So, why isn't it free? In this MedicareWireMedicareWire is a Medicare insurance consulting agency. We founded MedicareWire after seeing and hearing how confusing and frustrating it is to find, understand, and choose a plan. Our services are free to the consumer.... article, we'll explain how much Medicare costs and what you can do to … [Read more...]

When Does Medicare Start? 7 Important Facts You Need to Know.

by David Bynon, June 11, 2021

Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2020, more than 62-million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to nearly 80-million people. In this MedicareWireMedicareWire is a Medicare insurance consulting agency. We founded MedicareWire after seeing and hearing how confusing and frustrating it is to find, understand, and choose a plan. Our services are free to the consumer.... … [Read more...]

Is it Better to have Medicare Advantage or Medigap?

by David Bynon, June 1, 2021

While shopping for Medicare health insurance, particularly if you are getting your benefits for the first time, it's important to understand the difference between Medicare AdvantageMedicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B).... and Original Medicate with a MedigapMedicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage.... plan. In this MedicareWireMedicareWire is a Medicare insurance consulting agency. We founded MedicareWire after seeing and hearing how confusing and frustrating it is to find, understand, and choose a plan. Our services are free to the consumer.... article, we'll cover the fundamental benefits of … [Read more...]

WellCare Value Script PDP: Best or Worst 2021 Part D Plan?

by David Bynon, April 26, 2021

Possibly nothing gives seniors a bigger headache than their Medicare prescription drug plan and drug costs. So, after dozens of emails asking about the 2021 WellCare Value Script Medicare Part DMedicare Part D plans are an option Medicare beneficiaries can use to get prescription drug coverage. Part D plans provide cost-sharing on covered medications in four different phases: deductible, initial coverage, coverage gap, and catastrophic. Each... plan, we decided to take a closer look.
Is WellCare Value Script the Best or Worst Part D plan for … [Read more...]

Understanding Medicare in 4 Easy Steps

by David Bynon, April 20, 2021

If you are getting your Medicare benefits for the first time, the jargon may sound foreign, but you don't need Medicare for Dummies to figure it out. Once you learn the ABCs and D of Medicare, you'll be well on your way.

In this MedicareWireMedicareWire is a Medicare insurance consulting agency. We founded MedicareWire after seeing and hearing how confusing and frustrating it is to find, understand, and choose a plan. Our services are free to the consumer.... blog post, we'll break down the four main parts of … [Read more...]

Can I Get My Prescriptions with a Medigap Plan?

by David Bynon, March 14, 2021

One of the top benefits of most Medicare Advantage plansMedicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B).... is they bundle in prescription drug coverage. We get a lot of questions from readers wanting to know if they can get prescription drug coverage bundled with Medicare supplement insuranceMedicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage.... (aka, Medigap).
The short answer is no.
You can get … [Read more...]

What Is Medicare Part F?

by David Bynon, March 12, 2021

The federal Medicare programMedicare is a federal health insurance program for people ages 65 and older and people with certain disabilities.... is a series of lettered (A, B, C, and D) health insurance programs available to people, age 65 and older, and certain adults with qualifying disabilities. Medicare Part AMedicare Part A is hospital coverage for Medicare beneficiaries. It covers inpatient care in hospitals and skilled nursing facilities. It also covers limited home healthcare services and hospice care.... and Medicare Part BMedicare Part B is medical coverage for people with Original Medicare benefits. It covers doctor visits, preventative care, tests, durable medical equipment, and supplies. Medicare Part B pays 80 percent of most medically necessary healthcare... (Original MedicareOriginal Medicare is private fee-for-service health insurance for people on Medicare. It has two parts. Part A is hospital coverage. Part B is medical coverage....) is provided directly by the government, whereas Medicare … [Read more...]

7 Ways to Optimize Your Medicare Prescription Drug Plan

by David Bynon, December 2, 2019

If you take regular prescriptions, you already know how expensive it can be. The older we get, the more chronic conditions set in, and our medications get even more expensive. That's why having a prescription drug plan is so important. In this MedicareWireMedicareWire is a Medicare insurance consulting agency. We founded MedicareWire after seeing and hearing how confusing and frustrating it is to find, understand, and choose a plan. Our services are free to the consumer.... article, we'll share 7 ways you can … [Read more...]

Medigap Plans K and N vs. Medicare Advantage Plans

by David Bynon, November 27, 2019

It has long been assumed that Medicare Advantage plansMedicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B).... are the way to go if you need a low monthly premium. The risk trade-off, of course, is higher out of pocket costs until you reach the annual spending limit. However, the premiumsA premium is an amount that an insurance policyholder must pay for coverage. Premiums are typically paid on a monthly basis. In the federal Medicare program, there are four different types of premiums. ... are so low on most of the basic plans that many seniors wonder, … [Read more...]