Medicare Part D Coverage
Original Medicare (Part A and Part B) does not include prescription drug coverage (Medicare Part D). That’s why a Part D plan is a good idea if you have prescriptions to fill regularly or just want help covering medication costs.
You can get a prescription drug plan from Amerigroup once you’ve enrolled in Original Medicare. Here are some benefits you’ll find with our stand-alone prescription drug plans:
A network of more than 66,000 pharmacies – almost every pharmacy in America.
24,000 preferred pharmacies we work with to help you save on many prescription drugs.
Competitive monthly premiums.
Copayments as low as $0 to $5.
Medicare Part D Eligibility
You’re eligible for a prescription drug plan after you’ve enrolled in Original Medicare. The first enrollment period for Part D is the Initial Enrollment Period (IEP). That’s a seven-month window that includes:
Three months before you turn 65
The month you turn 65
Three months after you turn 65
During this time, you can apply for Part D coverage along with Medicare Part A and Part B. Even if you are not taking prescription medications, it’s best to enroll in Part D as soon as you’re eligible to avoid penalties. You can still add Part D coverage after your Initial Enrollment Period. You can also make changes to your plan, including adding coverage, during the Annual Enrollment Period from October 15 to December 7 each year.
Medicare Part D Costs
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Plan Premium
Medicare Part D costs differ by plan and location. Most plans require a monthly premium, which you pay in addition to any premiums you may owe for Medicare Part A or Part B.
If you are enrolled in a Medicare Advantage plan (Part C) that includes prescription drug coverage, your plan premium may include the cost for your Medicare Part D coverage.
Other Costs
In addition to your monthly plan premium, other Medicare Part D costs may include a yearly deductible and copayments.
To get a better idea of costs of Medicare Plan D in your area, go to Shop Medicare Plans and enter your ZIP Code.
Medicare Part D Penalty
If you don’t enroll in Medicare Part D when you are first eligible, and you go without creditable prescription drug coverage for 63 days in a row or more, you could face a late-enrollment penalty if you decide to sign up for Part D later. This penalty is an extra cost that is added to your monthly Medicare Part D premium, and you may have to pay this higher premium permanently.
Because of this penalty, many people choose to sign up for Medicare Part D when they are first eligible, even if they are not currently taking prescription medications.
Prescription Drug Coverage Options
It’s important to keep in mind that a stand-alone Part D plan is not your only option for prescription drug coverage. Most of Amerigroup’s Medicare Advantage (Part C) plans are all-in-one plans that cover prescription drugs, along with other benefits like dental and vision insurance.
If you have a Medicare Advantage plan that includes prescription drug coverage, you don’t need a stand-alone Part D prescription drug plan.
Set Up Your Member Account
If you’re already a member, you can make the most of your benefits by setting up your secure online account. It’s an easy way to find care, check drug prices and claims, and see your plan details, whenever you need.
Learn More About Medicare
Amerigroup can help you learn more about the four parts of Medicare. We’ll also explain how to apply for Medicare, including when and how to enroll.
Attend a Free Medicare Event
Sign up for a free, no-pressure Medicare event to learn how Amerigroup Medicare plans help cover costs that Original Medicare doesn’t.
This is an insurance sales presentation. A licensed insurance agent will be present with information and applications.
Non-Discrimination Notice: The plan documents may be available in other languages. Or, if you have special needs, the documents may be available in other formats. Please review the Notice of Non-Discrimination in Health Programs and Activities and call Customer Service for details.
Amerigroup is an HMO plan with a Medicare contract and a contract with the State Medicaid Program. Enrollment in Amerigroup depends on contract renewal.