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It is open enrollment season for Medicare, Part D when anyone with Medicare coverage can change his health plan and prescription drug coverage.
That goes for anyone who gets health benefits through Original Medicare, a Medicare Private Fee-for-Service Plan with no drug benefit, a Medicare Cost Plan or a Medicare Medical Savings Account Plan.
According to the Centers for Medicare and Medicaid Services, Medicare prescription drug plans cover a wide range of both brand-name and generic prescription drugs, but enrollees are typically required to pay for a portion of the cost of such drugs via coinsurance or copayments. Prescription drug coverage is available to everyone with Medicare, regardless of income, health status, or prescription drugs used, can get prescription drug coverage.
The open enrollment period runs through Dec. 7.
Medicare Part D, is a prescription drug plan that is offered by insurers and other private companies. It’s a type of insurance that provides coverage for prescription drugs and helps protect Medicare beneficiaries from prescription drug costs.
“Walmart has helped nearly one and a half million seniors and other Medicare beneficiaries save money on their medications so they can ultimately live healthier lives,” Dr. John O. Agwunobi, senior vice president and president of health and wellness for Walmart US, said in a recent company statement about the benefits of Medicare benefits.
Because Medicare Part D plans change every year and the prescriptions they take may also change, health professionals recommend that beneficiaries review the various plans available each year to determine which plan best fits their own prescription needs and financial situation for the coming year.
To become eligible for Medicare Part D, you must enroll anytime from three months before your 65th birthday to three months after the month of your 65th birthday, according to the AARP.
