Medicare Part D in Lancaster, PA
Are you looking into Medicare part D? Premier One Financial Company proudly serves Lancaster, PA, and the surrounding regions with professional insurance assistance, including Medicare Part D. We help people all of the time review their prescription drugs to help lower their overall prescription drug costs. We have extensive experience and are committed to making the process seamless to those unfamiliar with how it works. Below, we break down Medicare Part D, and how it works.
What is Medicare Part D?
Medicare Part D is the Medicare Prescription Drug Plan that provides prescription drug coverage. The plans have different monthly premiums, drug deductibles, co-pays, co-insurance, and formularies.
To enroll in Medicare Part D, the beneficiary must be entitled to Medicare Part A and be enrolled in Medicare Part B, and must live in the plan's service area.
If the individual is enrolled in Original Medicare only or in Original Medicare and a Medigap plan, the beneficiary can enroll in a stand-alone prescription drug plan. If the individual wants a Medicare Advantage plan and prescription drugs, he/she must enroll in a Medicare Advantage plan with drug coverage.
If the beneficiary does not sign up for Part D when they are first eligible or if they drop Part D and then gets it later, the individual may have to pay a late enrollment penalty for as long as they have Part D. The cost of the late enrollment penalty depends on how long the individual went without creditable prescription drug coverage.
Experienced Medicare Part D Assistance
At Premier One Financial Company, we are dedicated to making the process simple and straightforward, so you can get the coverage that you need. We help take the stress out of Medicare by guiding you every step of the way, from Medicare enrollment to picking your supplement and prescription plan. We are here to serve all of your needs and make the process easier to have confidence in your decisions. We offer free and stress-free consultations with no obligation to sign up. Contact Premier One Financial Company in Lancaster, PA, for more information on our Medicare Part D plans and consultations.
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