Louisiana Medicare Prescription drug coverage offers coverage to all with Original Medicare.
North Medicare Prescription Coverage is offered by private insurance companies approved by Medicare.
Each Medicare Prescription Drug Coverage Plan differs in cost and drugs coverage according to the state.
Donut hole is part of Medicare Part D often called as Medicare’s Prescription Drug Coverage.
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.
Donut hole cannot be avoided by changing different companies for Medicare Part D Plan.
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.
Medicare Prescription Drug Plan coverage is not there for a period of 63 days after Medicare coverage is availed.
Medicare Prescription Drug Plans can be covered by two modes –
I. Medicare Prescription Drug Plans which add coverage to the Original Medicare. These plans are called PDP’s.
II. Medicare Advantage Plans in which Medicare Part A and Medicare Part B is already covered with additional benefits of Medicare Prescription Drug coverage. These plans are called MA-PD’s.