We'll walk you through what you need to know. Learn about the Annual Enrollment Period, preferred/network pharmacies, insurance plan providers, and how to enroll.2 Choose Walgreens as your preferred pharmacy and save.1
Medicare is health insurance for most people 65 and older or people with disabilities. It's broken down into four different "parts": A, B, C (Medicare Advantage) and D.
Medicare A-D Coverage at a Glance
A Quick Summary of the four different parts of Medicare. Each part covers:
* Specific coverage available only under some plans. Source: http://www.medicare.gov/what-medicare-covers/index.html
A Detailed Look at Medicare A-D
When you sign up for Medicare you automatically get Part A, which covers hospital care. If you need one of the following, add them separately during enrollment:
- Part B covers inpatient/outpatient doctor visits, many preventive care services, and medical items such as diabetes testing supplies (covered at Walgreens3).
- Part C is also referred to as Medicare Advantage (MA). Private insurance companies offer MA plans that cover the same services as Parts A and B, plus some plans offer additional benefits. MA plans that offer prescription drug coverage are referred to as MA-PD plans.
- Part D is prescription drug coverage provided by private insurance plans. You should carefully consider enrolling in a Part D plan if you're 65 or older (or have a Medicare-qualified disability), and know you'll have at least one medical prescription going forward.
You'll pay a monthly premium for your prescription drug plan. Sign up when you first qualify to avoid paying higher premiums in the future.
You pay a copay on items like prescriptions and doctor's office visits. The amount of your copay for prescriptions depends on your insurance plan terms, your pharmacy and whether you choose generic or name-brand prescriptions.
Medicare's Annual Enrollment Period (also known as open enrollment), runs from October 15 - December 7. During this time, you may enroll for the first time or change your Part D prescription drug plan for the following calendar year. You can also use open enrollment to switch your Part D prescription drug plan to a MA-PD plan or switch from a MA-PD to a Part D plan.
Plan details, your healthcare needs and your prescriptions can change — so evaluate your Part D plan each year. Get a FREE Prescription Drug Plan Review at your neighborhood Walgreens. Meet with your pharmacist ›
Your Walgreens pharmacist can help
Meet with your local Walgreens pharmacist for a free Prescription Drug Plan Review.2 Stop in and discuss what plan best fits you and how you can save money. We offer $0 copays on select Part D plans and greater pharmacy access with a preferred plan partner.1
Get informed before your birthday
When you turn 65, the Centers for Medicare and Medicaid Services (CMS) sends you coverage information you'll need to get started. Typically, you have 3 months before and after your birthday month to choose a Part D plan. If you don't enroll when first eligible, you will pay a 1% penalty per month — up to 12% each year.
So if you think you might need Medicare Part D later, you'll save by choosing a plan now.
Convenient services at your neighborhood Walgreens
In addition to knowing your prescription history, your pharmacist can also talk to you about Walgreens services to help you stay well including:
- Health tests
- Comprehensive medication reviews
The Medicare Part D funding gap — commonly known as the "donut hole" — will close in 2020. Until then, you'll see improved benefits to help pay for your prescription medications.
In 2014, the price discount is 28% on generics and 52.5% on brand-name prescription drugs.Learn more about the Part D Donut Hole ›
If you currently have Medicare coverage, there's no need to do anything with the Health Insurance Marketplace created by the Affordable Care Act (ACA). Your coverage is already secured, and in some ways, has improved:
- As a part of the ACA, Medicare covers certain preventive services, like mammograms or colonoscopies, without charging you for the Part B coinsurance or deductible. You also can get a free yearly "Wellness" visit.
- If you're in the "donut hole" (see above), you'll also get a 50% discount when buying Part D-covered brand-name prescription drugs.
- ACA supports care coordination with your doctor, which means more resources to ensure consistent treatments.
1 Applies to Tier 1 generics.
2 Information provided by Walgreens is not a substitute for your own research concerning your health care, including Medicare prescription drug plans..
3 Valid from 9/2/14 - 10/13/14. Aggregate donation of up to $1 million. Vaccine subject to availabilty. State-, age- and health condition-related restrictions may apply.
4 Walgreens is an accredited Medicare Part B supplier of diabetes testing supplies.
4 Valid from 9/2/14 - 10/13/14. Aggregate donation of up to $1 million. Vaccine subject to availabilty. State-, age- and health condition-related restrictions may apply.