In Massachusetts, Medical prescription drug coverage can be joined by approaching private or insurance company approved by Medicare.
Massachusetts Medicare Prescription drug coverage can be availed by everyone with Medicare.
Massachusetts Medicare Prescription drug coverage is offered to those who already have enrolled in Medicare Part A and/or Medicare Part B.
Medicare Part A and Medicare Part B can be used anywhere inn US, but Medicare Prescription Drug coverage is offered by the private companies in the nation.
Every company offering Medicare Prescription drug coverage benefits has different drug coverage, different premiums.
The cost of the Medicare Prescription Drug Plan in Massachusetts varies depending on the drug prescriptions, type of Plan.
To join Massachusetts Medicare Prescription Drug Plan you have to pay monthly premium which varies with the Plan type. This monthly premium is additional with the Part B monthly premium.
Late Enrollment penalty is the amount added to the premium of Medicare Prescription Drug Plan. It is the amount added if you did not get the benefits of Medicare Prescription Drug Plan when you were eligible for Medicare.
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.
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 extra coverage need cost of their prescription drugs which include reduced premium and low copayment and deductibles.
If you want to know about your eligibility for Extra help