Ann Arbor |  Brighton ☰ ˟
Logo
Ann Arbor 734-327-5970 | Brighton 810-225-8977
  • BLOG
  • GET A QUOTE
    • GET A QUOTE
    • Annuities
    • Dental
    • HealthImage of right arrow
      • Priority Health - Individual Family Health
      • Priority Health - Individual Short Term
      • Blue Cross Blue Shield
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • MedicareImage of right arrow
      • Medicare Advantage Plans
      • Medicare Supplement Plans
    • Vision
  • PRODUCTS
    • Annuities
    • Dental
    • Health
    • LifeImage of right arrow
      • Term Life Insurance
    • MedicareImage of right arrow
      • Medicare Advantage
      • Medicare Supplement
    • Vision
    • Disability & Long-Term Care
    • Group Health
  • BLOG
  • RESOURCES
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • ABOUT US
    • About Us
    • Employee Directory
    • Privacy Policy
  • CONTACT US
    • Contact Us
    • Join our Newsletter
Icon

Group Health Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Personal Term Life Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Permanent Whole Life Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Personal Health Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Disability & Long-Term Care

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Group Ancillary Benefits (STD / LTD / Dental / Vision / Life)

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Home > Blog > Does Medicare Advantage Cover Prescription Drugs?
WEDNESDAY, MARCH 9, 2022

Does Medicare Advantage Cover Prescription Drugs?

Medicare Advantage plans are geared to cover gaps left by Original Medicare. While these plans combine coverage available by Original Medicare, they also include coverage for different health care needs you may face as you grow older.medicare white board

At their most basic policies, neither Original Medicare nor Medicare Advantage cover prescription drugs. However, you can add coverage for prescription drugs to your Medicare Advantage policy. Prescription drug coverage is called Plan D.

Plan D Medicare specifically covers drugs prescribed by your healthcare provider. Some policies even cover delivery for prescription drugs, which can conveniently cut out the need to go to the pharmacy every time you need a refill. Be sure to speak with your insurance agent about the options available to you. Some medications may not be fully covered or have limits coverage under your insurance.

What Prescription Drugs are Covered Under Medicare Plan D?

There are different categories, also called tiers, which split up certain prescription drugs under this plan. In general, Plan D must cover at least two medications in each category. These are generally name-brand drugs. If you take an off brand of a covered prescription, however, you may still, be covered under Medicare Plan D. If it isn’t, a similar drug that is covered should be offered.

The main tiers of Medicare Plan D are:

·       Tier 1: Tier 1 has the lowest copayment and generic prescription drugs.

·       Tier 2: Tier 2 has a medium copayment and preferred, brand name prescription drugs.

·       Tier 3: Tier 3 had a higher copayment and non-preferred but still brand name prescription drugs.

·       Specialty Tier: A specialty tier includes those with the highest copayment and most expensive prescription drugs.

Be sure to speak with whoever prescribes you medication to understand what tier your prescription drugs fall into, as well as if there are ways to save money by switching tiers.

Generic drugs may be cheaper than brand name drugs, but there aren’t always generic drugs available depending on your health needs. In order to be a true generic drug, they typically must copy brand-name drugs in:

·       Safety

·       Strength

·       Type of administration

·       Quality

·       Performance

·       Intended use

·       Dosage

The more expensive your prescription drugs, the more you may pay out of pocket. Also keep in mind that, while this insurance does provide a significant amount of coverage, it cannot cover everything. Certain drugs may be excluded, so speak with your insurance agent if you have any questions.

Posted 12:26 PM

Tags: medicare, medicare advantage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • life insurance(6)
  • insurance(6)
  • coverage(5)
  • medicare(4)
  • ann arbor art fair(2)
  • life(2)
  • healthcare(2)
  • health(2)
  • group(2)
  • group health insurance(2)
  • premiums(2)
  • permanent whole life insurance(2)
  • employee(2)
  • benefits(2)
  • policy(2)
  • costs(2)
  • whole life insurance(2)
  • auto insurance(1)
  • health insurance(1)
  • employee benefits coverage(1)
  • long-term care(1)
  • employee benefits(1)
  • group ancillary benefits(1)
  • whole(1)
  • terms(1)
  • dental insurance(1)
  • life insurance policy(1)
  • whole life(1)
  • term life insurance(1)
  • whole life vs term life insurance(1)
  • long term care insurance(1)
  • retirement(1)
  • medicare advantage(1)
  • term(1)

View Mobile Version

Contact Us Today!
Ann Arbor 734-327-5970 | Brighton 810-225-8977

Social Social

Resources

  • Products
  • Customer Service
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

Ann Arbor 734-327-5970
Brighton 810-225-8977
Fax: 734-327-5972
Email: rob@activeinsuranceLLc.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder