Do I have the right plan?
At FHK, we have been working with Medicare Part D since its inception in 2006. We have the necessary understanding and resources to find plans that are the most suitable for your needs.
FHK provides a variety of “Creditable Coverage” options ranging from stand alone prescription drug plans to Medicare Advantage plans that include drug coverage, all personalized to fit the needs of our clients.
There are a lot of factors that go into selecting the right Part D plan; Medicare prescription drug plans change every year during the open enrollment period. Additionally, some companies offer multiple plan options and each have a different formulary. These factors will affect your cost year after year. Use our Prescription Drug tool below to ensure you have the right plan for your needs.
Contact our local agents for more details about Medicare Part D.
Yes, generally premiums will vary from plan to plan but under certain circumstances plan members are waived or are not applicable.
For 2017, Medicare Part D’s standard deductible is $400 per calendar year. Many plans fully cover this deductible. This is an important factor when determining the appropriate plan for your individual needs.
Medicare prescription drug plans use a formulary (list of covered drugs) to determine the drug’s cost to you. Not all drugs are covered; this will vary from plan to plan. This is very important when determining the right plan.
The plan’s formulary (list of covered drugs) will assign medications into tiers (generic, brand name, and non-referred brand). The co-payment for each tier will vary from plan to plan. Click here and we will be happy to assist you in choosing the right plan for you.
Some Medicare beneficiaries can receive assistance in paying for their medications under Medicare Part D. Click here for more information.