Prescription Drug Coverage
Medicare Part D
Medicare Part D
Medicare Part D is prescription drug coverage offered by private insurance companies approved by
Medicare. Part D helps cover the cost of prescription medications, including brand-name and
generic drugs. This coverage is essential for ensuring you have access to the medications you
need to manage your health conditions and improve your quality of life.
With Medicare Part D,
you can rest assured knowing that your prescription drug costs are covered, giving you peace of
mind and financial security. Let The Gloria Agency Inc. guide you through understanding how Medicare
Part D works and assist you in finding a Part D plan that meets your medication needs. Contact
us today to learn more about prescription drug coverage and how we can help you enroll in
Medicare Part D.
To qualify for Medicare Part D, you need to have worked and paid taxes for at least 10 years (40 quarters) before you turn 65. This is called "crediting" quarters. If you're unsure, you can check your Social Security statement to see how many quarters you've earned.
1
Special Cases
There are some situations where you might qualify for Medicare even if you haven't worked for 10 years. These include having certain disabilities, having End-Stage Renal Disease (ESRD), or having Lou Gehrig's disease (ALS).
2
Initial Enrollment Period
You can sign up for Medicare during the 7-month period that starts 3 months before you turn 65. If you enroll during this time, your coverage will begin when you turn 65.
3
Sign Up Timing
If you miss the Initial Enrollment Period, you'll have to wait for the General Enrollment Period from January 1 to March 31 each year. Your coverage will start on the 1st day of the month following your enrollment during this period.
4
Automatic Enrollment
If you're already getting Social Security benefits, you'll be automatically enrolled in Medicare Parts A and B when you turn 65. Part A covers hospital stays, while Part B includes doctor visits and outpatient care.
Coverage Details
Medicare Part D provides coverage for prescription medications through private insurance companies approved by Medicare. Here's what Part D typically covers:
