How To Find The Best Part D Drug Plan
Video # 4 of the All About Medicare video series;
This video is Part 2 of a two-part presentation on Medicare Part D prescription drug insurance. In this video, I take you step-by-step on how to shop for and evaluate a Medicare Part D prescription drug plan using the government website; Medicare.gov. By the end of this 27-minute video you will know precisely how to find the best Part D drug plan Medicare has to offer you, using the official Medicare website.
Many insurance agents and brokers offer Medicare Part D drug plans when they offer Medicare Supplement plans. However, taking an individual agent or brokers recommendation without going through the process I detail in this video can be a very expensive mistake. You see, what some agents don’t reveal is that in order for us to a Part D plan the must spend about one day each year certifying for the plan. There are almost 30-plans available across the country and at least 17 to 20 in each state. No agent is going to spend nearly 30-days each year certifying for every plan. That is a month of unpaid meetings. Instead, they choose one or two popular plans and offer those plans to everyone. Ouch.
Other agents who work for a specific insurance company can only offer that companies plans. If they are not right for you, you can spend $100s or even $1,000s more for prescriptions than you would with the right plan.
Take the time to watch this video. It will save you $1,000s over your lifetime and prevent you from making some very costly mistakes.
In Part 1, I explained the two different ways you can get Part D prescription drug coverage and the pros and cons of each. We discuss what you need to watch for, when you need shop for your plan and when you can purchase coverage. We talk about the penalty Medicare levies for not purchasing a Part D plan, and when you can delay purchasing coverage without being penalized.
Medicare Part D prescription drug coverage is not expensive. However, if not managed correctly it can be the most expensive part of Medicare. The wrong plan can be a very expensive mistake. The Medicare Part D plans are all different and change their benefits and cost each year. We show you how to keep up with the changes and keep your costs to a minimum.
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If you are new to Medicare by just turning 65 or simply new to Medicare Part B, or if you have an existing Medicare Supplement and due to recent price increases want to know if it’s an overpriced Medicare Supplement, we can help.
Our service is free. You cannot save money or reduce your Medicare Supplement premiums by not using our service. As an independent insurance broker, we offer all Medicare Supplement plans from all major carriers. We put all the cards on the table for you and show you all your options and costs. That alone saves you days of work. Then you decide the right plan and company for you. When you work with us, the insurance company you choose to insure you will pay our commission out of their pocket, not yours. You cannot reduce your premium by doing it yourself.
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