Griset Medicare Solutions will Help you Find the Best Prescription Drug Plan that Fits all your Needs.

Prescription drug costs can add up fast, especially for those who suffer from a chronic illness that requires medication. Unfortunately, the number of prescription medications seniors rely on is increasing, according to the Washington Post,  seniors aged 65-69 take at least five prescription drugs to treat chronic illnesses or conditions.  The good news is having reliable drug coverage through a prescription drug plan can help alleviate some of the costs associated with prescription drugs, and Griset Medicare Solutions will help you every step of the way.

To improve your understanding of prescription drug coverage let’s take a look at what exactly Medicare Part D prescription drug coverage is.

What is Medicare Part D?

Prescription Drug Coverage

Medicare Part D drug coverage helps Medicare beneficiaries pay for some or all of the costs of certain prescription drugs. Essentially, it is insurance for your prescription drug needs.  Medicare Part D plans are available to anyone who is enrolled in Medicare.  Original Medicare (Part A and Part B) does not include prescription drug coverage.

Did you know, according to a KFF Study, 1 in 4 older adults say it is difficult to afford their prescription drugs?

Finding Prescription Drug Plans that are Right for You

At Griset Medicare Solutions, we are dedicated to helping you find the best solution for prescription drug coverage that fits your needs and budget. As your independent insurance agent, we work for you rather than the insurance companies. This allows us to shop various plans from multiple carriers in order to bring you the most comprehensive prescription drug plan for your needs.  Our process is simple, we take your list of routine medications, your budget, and your needs and we shop available plans in your area.  The result?  A prescription drug plan you can depend on.

Prescription Drug Coverage Options

There are two main ways to receive prescription drug coverage.

Medicare Prescription Drug (Part D) Plans Medicare Advantage (Part C) Plans
Those who have enrolled in Medicare Part A and/or Part B can add a stand-alone prescription drug plan to their coverage. Most Medicare Advantage plans provide prescription drug coverage as well as all the benefits provided by Original Medicare.

It is important to remember that both stand-alone Part D plans, as well as Medicare Advantage plans, vary in cost and coverage. Each plan has a specific list (formularies) which outline the prescription drugs they cover.

Ready to Save Money on your Prescription Drugs? Let’s Shop Plans!

Frequently Asked Questions about Prescription Drug Plans and Medicare Part D Coverage

You will need to enroll in a prescription drug plan when you first become eligible for Medicare.  This time period is called the Initial Enrollment Period (IEP). Your IEP begins three months before you turn 65, goes through your birthday month, and ends three months after, for a total of 7 months. If you do not enroll in prescription drug coverage during this time you may be subject to a late enrollment penalty.

You have a special enrollment option when you leave employer-sponsored and “creditable” drug coverage after age 65.  To avoid a late enrollment penalty your new Medicare drug coverage should be in place within 63 days of the termination of coverage at work.

Each prescription drug plan varies on cost.  Most plans have a monthly premium, annual deductible, co-pays, and coinsurance costs

Yes.  Each year you have the opportunity to switch your prescription drug plan to another drug plan.  This can be done during the Annual Enrollment Period (AEP) which runs from October 15th – December 7th.

Enroll in a Prescription Drug Plan

We understand Medicare can be confusing, but you don’t need to go at it alone.  We can help!  At Griset Medicare Solutions we take the confusion out of Medicare and ensure you are well informed about your prescription drug plan choices. Our goal is that you walk away confident in your plan choice and return as a lifelong client because we were able to provide reliable and trustworthy service.

Ready to Compare Prescription Drug Plans?