How Do Prescription Drug Plans Work?
Here is important information you need to know about owning a prescription drug plan:
Annual Deductible — There is a deductible you must pay for a Part D plan. Your deductible may be different, or waived entirely, but the max amount you can be charged is $590 in 2025. You will pay a discounted price for your medications until you have satisfied the deductible. After that, you begin initial coverage.
Initial Coverage — During initial coverage, you pay a copay for your medications based on your plan’s formulary. Each prescription drug plan separates its medications into tiers. Each tier has a copy amount for which you are responsible. It is typically separated by generic drugs, preferred name brands, even more specialized medications, and etc. In 2025, the initial coverage cap is up to $2000 . After you and the insurance company together have paid this amount, then you enter the Catastrophic Coverage.
The Coverage Gap – Was taken away in 2025.
Catastrophic Coverage – You enter this stage after you reach $2000 for covered drugs. You pay $0 for covered drugs during this stage.
You pay an extra 1% of "National base Premium" for each month you do not have creditable drug coverage.
If you do not join a Part D plan when you first join Medicare.
If you do not have Creditable Coverage: IE: Retirement Plans, Employer Plan, Federal, Union.
How would I enroll?
Fill out the form and we will be in contact soon or press the "Click to Call" button above to call us today!
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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in our area. Please contact Medicare.gov or 1-800-MEDCIARE to get information on all of your options
Phone: 812-346-5729 or 877-671-0877
Email: justinlucas@unitedseniorsolutions.com