#prescriptiondrug

4 Questions to ask your Medicare Supplement Agent

Brad Gunning

Feb 26, 2019
2 min

4 Questions to ask your Medicare Supplement Agent

Enrolling in Medicare and securing a Medicare supplement insurance plan is a complicated, but important task. It's best to have a professional agent by your side to help with the process and offer advice based on their experience. Usually enrollment goes smoothly, but when a hangup with the enrollment process happens, a competent agent can make all the difference. Here are 5 questions you can ask a Medicare supplement insurance agent to help you decide if you want to work wit

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Most Seniors Do Not Have the Right Part D Plan

Brad Gunning

Oct 25, 2018
2 min

Most Seniors Do Not Have the Right Part D Plan

A recent Yahoo Finance article brought to light some unfortunate issues with the Medicare Part D prescription drug program. According to the article, the vast majority of seniors are enrolled in the wrong Part D plan: "A study conducted by Yale and MIT researchers found that a significant amount of seniors selected plans that weren’t right for them. According to the study, only 11% of patients chose the best plan in 2006; by 2009 that number had shrunk to 2%." Seniors enrolli

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Medicare Part D Alert: Crestor/Rosuvastatin

Brad Gunning

Oct 19, 2018
1 min

Medicare Part D Alert: Crestor/Rosuvastatin

Rosuvastatin is the generic form of Crestor, a drug that reduces bad cholesterol. As you might imagine, it's a very popular prescription drug among seniors. In 2018, some Medicare Part D prescription drug plans completely covered Rosuvastatin, which allowed seniors to fill their prescription for free. This year, however, many of those same plans have updated their drug formularies. As a result, seniors who paid $0 to fill their Rosuvastatin prescription might end up paying $4

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When is Medicare Annual Open Enrollment?

Brad Gunning

Mar 9, 2018
2 min

When is Medicare Annual Open Enrollment?

The Medicare Annual Open Enrollment ("AEP") is important, but not for purposes of purchasing a Medicare Supplement plan. Let's explore what you need to know about AEP, also called the Medicare Fall Open Enrollment Period. Medicare Fall Open Enrollment Period The Medicare Fall Open Enrollment Period occurs annually between October 15 and December 7. This open enrollment period is relevant to Medicare Advantage plans (Medicare Part C) and prescription drug plans (Medicare Part

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Seniors Who Don't Switch Prescription Drug Plans Might End Up Overpaying

Brad Gunning

Oct 12, 2017
2 min

Seniors Who Don't Switch Prescription Drug Plans Might End Up Overpaying

If you're over age 65, you probably know the Medicare's Annual Election Period runs from October 15 through December 7 each year. What you might not realize, however, is that this election period isn't only relevant to folks looking to sign up for Medicare benefits. No, the election period is also an important opportunity for you to evaluate your current prescription drug or Medicare Advantage plans. But maybe you're happy with your current plan. Maybe your prescription drugs

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New Prescription Drug Part D Rates for 2017!

Brad Gunning

Oct 27, 2016
1 min

New Prescription Drug Part D Rates for 2017!

With the constant deluge of Medicare marketing, you're probably well-aware that we're currently in the thick of the Annual Open Enrollment Period. This is the best time of the year to sign up for Medicare Advantage (Medicare Part C) or prescription drug coverage (Medicare Part D). If you already have a Part C or Part D plan, Open Enrollment is the best time to review your current plan and decide whether you should switch to a better option. Prescription Drug Plans for 2017 Ho

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Choosing the Best Prescription Drug Plan

Brad Gunning

Oct 3, 2016
2 min

Choosing the Best Prescription Drug Plan

Plan D Prescription Drug Plan Open Enrollment begins October 15. If you're in the market for a prescription drug plan, you might be wondering how to go about choosing the best plan. If You Aren't Currently on Meds, Should You Still Buy a Prescription Drug Plan? If you're 65 years old, does it make sense to purchase a prescription drug plan during Open Enrollment? Yes, if you are not currently on any prescriptions, you should still buy a prescription drug plan. The reason is

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Brad Gunning

Aug 4, 2016
1 min

What is the Medicare Donut Hole?

Some Medicare Part D plans (prescription drug coverage) might have a coverage gap. This coverage gap is often called the "Medicare Donut Hole." The donut hole occurs when you have spent a certain amount of money on prescription drugs. In 2016, for example, the coverage gap begins at $3,310. This mean, once you and your Medicare Part D plan have spent $3,310 on prescription drugs, you are in the donut hole. If you're in the Medicare donut hole, you pay for your prescription dr

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Important Medicare and Medicare Supplement Enrollment Dates

Brad Gunning

Aug 3, 2016
3 min

Important Medicare and Medicare Supplement Enrollment Dates

If you're approaching age 65 you've likely been inundated with Medicare and Medicare Supplement insurance advertisements. Obviously your 65th birthday is relevant to when you can sign up for Medicare and Medicare Supplement insurance, but the enrollment periods vary slightly depending on what plan you're signing up for. Below are the enrollment dates for Medicare Parts A and B, Medicare Part C (also known as Medicare Advantage), Medicare Part D (prescription drug coverage), a

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What Are Your Medicare Coverage Choices?

Brad Gunning

Jun 21, 2016
2 min

What Are Your Medicare Coverage Choices?

As you approach age 65, you're probably aware that you need to make some decisions regarding your healthcare coverage. You might be familiar with the basics of Medicare. Maybe you've heard of Medigap, Medicare Supplement Insurance, Prescription Drug Coverage and Medicare Advantage. But how do they all relate? What choices do you actually have to make? We'll help you with this step-by-step guide to your Medicare coverage choices. Decide How You Want to Get Your Medicare Covera

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Brad Gunning

Jun 7, 2016
1 min

What is Medicare Part D?

Medicare Part D is Medicare's prescription drug benefit (sometimes also referred to as a PDP plan). Like Medicare Parts A and B, it is a United States federal-government program. Under Part D, the government subsidizes the costs of prescription drugs. A Medicare Part D plan adds prescription drug benefits to Original Medicare. Each Part D plan has its own list of prescriptions that it covers. The Plan's list of covered drugs is divided into different tiers - each tier with a

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