Medicare Part D: Stand-alone Prescription Drug Plans
What is Medicare Part D?
Medicare Part D (Stand-alone Prescription Drug Plans) can help you pay for prescription drugs that you need. Prescription drug coverage is optional and is available to everyone with Medicare.
We can help you choose the right Stand-alone Prescription Drug Plan
Golden Path Senior Solutions contracts with private insurance companies to offer stand-alone prescription drug plans. Medicare Prescription Drug Coverage helps cover the cost of prescription drugs, may lower your costs and protect against higher costs.
How can I get Medicare drug coverage?
To get Medicare drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered. If you decide not to get Medicare drug coverage when you are first eligible, you are likely to pay a late enrollment penalty.
Common questions about Medicare drug coverage:
Are my drugs covered?
It depends on the plan formulary. A formulary is a list of the drugs that a plan covers.
Do I have to get a Medicare drug plan if I have a Medicare Advantage Plan?
Most Medicare Advantage Plans include Prescription Drug Coverage. There are some exceptions to this depending on the type of plan you have and Golden Path Senior Solution will make sure you’re covered properly.
When can I change this plan?
During annual enrollment, you can add, drop or switch your Medicare coverage, including Stand-Alone Prescription Drug Plans. Annual Enrollment Period is October 15th – December 7th.
When do the Enrollment Periods take place?
Annual Enrollment Period
October 15th – December 7th
During annual enrollment, you may add, drop or switch your Medicare coverage.
Medicare Advantage Open Enrollment Period
January 1st – March 31st
If you’re already a Medicare Advantage plan member, you may disenroll from your current plan and either switch to a different Medicare Advantage plan one time only, or go back to Original Medicare during this period.
Special Enrollment Period
Depending on certain circumstances, you may be able to enroll in a medicare plan outside of the initial enrollment or annual enrollment time frames.