4 Tips to Get the Best Medicare Prescription Drug Coverage You Can
Medicare is part of the backbone of the financial support system for older Americans. With Social Security providing supplemental income to help with all expenses, Medicare helps retirees manage their healthcare, covering a large portion of the cost and helping to coordinate care, billing, and obtaining the services they need.
Every year, Medicare has an open enrollment period that runs from Oct. 15 to Dec. 7. During this period, Medicare participants can make changes to their coverage, and one common aspect of healthcare that can change dramatically from year to year is the need for prescription drugs. Medicare offers many options for participants to get drug coverage, and the best choice can save you hundreds or even thousands of dollars a year compared to less attractive alternatives. Here we'll share some tips on things to keep in mind as you make your decision in the coming weeks.
Medicare participants can get coverage for prescription drugs in one of two ways. Medicare Part D plans cover only drug costs, and you can find a wide variety of different Part D plans with various levels of coverage. These plans work well for those who choose traditional Medicare coverage under Parts A and B for their hospital and medical healthcare needs.
Source Fool.com
