MEDICARE PART D
Let Our Experts Help Find the Best Plan for You
Medicare Part D in Eastern Pennsylvania’s Lehigh Valley and Pocono Regions, as Well as in Central New Jersey.
Medicare Part D is the Medicare Prescription Drug Plan that provides prescription drug coverage. To enroll in Medicare Part D, the beneficiary must be entitled to Medicare Part A and/or be enrolled in Medicare Part B and must live in the Medicare plan’s service area. If the individual is enrolled in Original Medicare only or in Original Medicare and a Medigap plan, the beneficiary can enroll in a stand-alone prescription drug plan. If the individual wants a Medicare Advantage plan and prescription drugs, he/she must enroll in a Medicare Advantage plan with drug coverage.
What You Need to Know About Premiums and Penalties
Medicare Part D plans typically charge a premium and vary by plans. Beneficiaries with a higher income must pay a premium adjustment based on their income. This is known as the Income-Related Monthly Adjustment Amount (IRMAA), and it is paid directly to the federal government.
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If the beneficiary does not sign up for Part D when he/she is first eligible or if he/she drops Part D and then gets it later, the individual may have to pay a late enrollment penalty for as long as he/she has Part D. The cost of the late enrollment penalty depends on how long the individual went without creditable prescription drug coverage.
Your Local Independent Medicare Insurance Agents
With a primary office in Bethlehem, PA, we offer comprehensive Medicare Insurance plans to our community in eastern Pennsylvania’s Lehigh Valley (including Allentown, Bethlehem, and Easton), the Pocono region (including Stroudsburg, Wilkes-Barre, and Scranton), and Central New Jersey (including Hackettstown, Clinton, and Flemington).