The high cost of prescription (Rx) medications is unaffordable for most U.S. residents today. Does this mean you need to hire an SSI lawyer or attorney to reduce the costs of your medication? Obviously, it does not mean this. At the same time, the out-of-pocket expenses many people are required to pay for the medicines they need to live a happy, healthy life are frustrating at best, debilitatingly unaffordable at worst.
Thankfully, Medicare Part D was designed to help reduce the costs of prescription medications for qualified enrollees and improve the lives of Medicare enrollees around the U.S. today.
Medicare Part D was incorporated into the overall program in the year 2006. The U.S. government recognized the need to lower the costs of prescription medications for qualified consumers. Obtaining the medicine, you need to stay healthy should not be a challenge. Despite all efforts made by the government and all options created by Medicare Part D – it sometimes still is.
Still, the Medicare Part D plan does its best to mitigate the rising costs of prescription medication. Part D plans are not free. Enrolling in a Medicare Part D plan will increase the price you pay out-of-pocket for your Medicare premiums. Most enrollees find these premium increases to be worth the cost.
For example, if your medicine costs $2,400 without insurance but only $45 with Medicare Part D plan, you save $2,335 every time you fill this prescription. Even though your premiums increase by enrolling in Part D plans, they will never come anywhere close to the amount drug companies charge for their prescription medications. Ultimately, enrolling in Medicare Part D saves you money all year long.
Prescription drug coverage is possible to add to your original Medicare plan. You must already have Original Medicare to do this, of course. Some Medicare Advantage plans also help reduce or pay for the costs of prescription medications.
Medicare Part D is an excellent option for Medicare enrollees with chronic conditions requiring them to have to purchase expensive medications on a regular basis.
Of course, one does not need an SSI lawyer to advise about the costs of prescription medications and ways to save when making such purchases. Even if you do not have chronic medical issues, a prescription medication plan is always helpful to have on-hand. Medicare Part D even covers the costs of certain insulin medications and treatments, making it an excellent plan for people suffering from diabetes.