Who is eligible for Medicare Part D prescription drug coverage?
If you have Medicare Part A or Part B, you are eligible for Medicare Part D coverage. There are no age, income or health condition restrictions. How do Medicare Part D drug benefits work? Medicare Part D plans use different levels (or “stages”) of cost sharing. Here’s an example of a “standard” plan that uses typical deductible and coinsurance amounts: • Stage 1: You meet an annual deductible of $265. • Stage 2: You pay 25% of the next $2,135 in prescription drug expenses ($533.75), and Medicare pays 75% ($1,601.25). • Stage 3: You pay 100% of drug expenses until your total true Out-of-Pocket expenses (the amount you paid in Stages 1, 2 and 3) reach $3,850. • Stage 4: If your true out-of-pocket expenses (the total of Stages 1, 2 and 3) exceed $3,850 in a given year, you pay 5% of the remaining prescription drug expenses for the rest of that year, and Medicare pays 95%. Your actual deductible and coinsurance or copayment amounts will depend on which Emeriti plan you choose. What’s the d
