Who Is Eligible for the Medicare Drug Plan?
Anyone who qualifies for Medicare and is also enrolled in Medicare Part A or Part B. This includes most people over the age of 65 and certain people who receive disability benefits. Q: How does the new plan work? A: Starting Nov. 15, those who are eligible can sign up for one of many insurance plans being offered in each state. These private insurance plans are subsidized by Medicare. You will have to pay a deductible in some cases, and share the cost of each prescription. How much you pay varies according to the plan you choose. You can sign up through May 15, 2006. After that, you’ll have to pay a substantial penalty for signing up late. Q: How quickly does the coverage take effect? A: Medicare says that if you sign up by Dec. 31, 2005, your plan will be effective on Jan. 1, 2006. After that, it becomes effective on the first day of the month after the date you sign up. Q: Last year, I signed up for a Medicare discount card for prescriptions. Do I need something else now? A: Yes. The
Related Questions
- If I or my Medicare eligible dependent(s) enroll in a Medicare Part D plan and it does not cover a particular drug will the SHBP or SEHBP cover the cost of that drug?
- How does the Lineco Drug Plan work for Medicare eligible individuals (active and retired)?
- How does the plan protect people on Medicare against high out-of-pocket drug costs?
