Texas Medicare Prescription drug coverage is also called Part D in Medicare.
Texas 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 in US, but Medicare Prescription Drug coverage is offered by the private companies in the nation. Every company offering Texas Medicare Prescription drug coverage benefits has different drug coverage, different premiums.
Texas Medicare Prescription drug coverage can be benefited at specific pharmacies mentioned by the company.
The cost of the Texas Medicare Prescription Drug Plan varies depending on the prescriptions, type of Plan
Monthly premium is charged which varies with the Plan type along with the Part B monthly premium
Some amount is charged additional to the premium before the Drug Plan begins which is called as Yearly deductible
Copayments or coinsurance is needed to pay your share after the Drug Plan pays its share
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.