Iowa Medical prescription drug coverage can be joined by approaching private or insurance company approved by Medicare.
Every plan has its own cost and drug coverage.
Everyone with Medicare can get the benefit of Iowa Medicare prescription drug coverage.
You need to join Medicare Prescription Drug Plan when you are first eligible otherwise you have to pay a late enrollment penalty to join.
Late Enrollment penalty is the amount added to the premium of Medicare Prescription Drug Plan. It is added if you did not get the benefits of Medicare Prescription Drug Plan when you were eligible for Medicare.
For the people who need to cover more proportion of their cost of prescription drug coverage, a part of Medicare Prescription drug coverage plan gives Extra help.
This program is specially designed for people who need extra coverage cost of their prescription drugs which includes reduced premium and low copayment and deductibles.
This is of major concern of people who have joined Medicare Prescription Drug Coverage. This coverage gap is between $2700 to $4550.Once you reach the drug cost of $2700, you are in the donut hole. You have to pay from your pocket for Prescription drugs till you reach $4550.After this the coverage gap ends and your prescription drug Plan will pay most of the expenses year around.
State Health Insurance Assistance Program counselors are available to help you in joining extra help, Medicare Prescription drug plan or answer your questions regarding Medicare Prescription Drug Coverage plans.
State- CALL Iowa 1 (877)353-3771 in-state calls only