Medicare Supplemental Insurance

Prior to Medicare Part B starting in 2005, Plans H, I, and J had Drug (RX) coverage. When Medicare Part D became available, insurance companies could no longer include RX coverage on these plans because the Part D coverage was better for the clients. When Plan J had RX coverage, it seemed to be too expensive for most people to purchase. Now Plan J is being offered at competitive rates by some companies. Plan J is the most comprehensive Medicare Supplement Plan.

In our experience, Plan F is the most common plan chosen. There are two differences between Plan F and Plan J. Plan J covers up to $120 of preventative care not already covered by Medicare and it includes as a benefit At-Home Recovery.  When comparing plans, today Plan J can be a very good option. Contact us today to review your options.

Medicare Part D plans can only be purchased through private companies. Between November 15th and December 31st each year is the Annual Election Period which allows you to sign up for the first time if you have put off purchasing a plan or change plans if there is another one you prefer.

One of the best resources for finding the plan that best meets your needs is on the Medicare website (www.medicare.gov). On the website, you can go in and enter your RXs and the website will rank the plans for you based on cost providing you with very detailed information like premiums, copayments, what kind of cost you should expect each month, contact information, etc.

Make sure you research which company best fits your needs, because each company has a different drug list that they cover.

Medicare Part D is saving some seniors hundreds and others thousands of dollars each year. Make sure you take advantage of the opportunity.