Do you need more information on Medicare Part D? If so, look to Silver Crest Insurance Inc. At Silver Crest Insurance Inc, we are a Medicare insurance agency that helps our community navigate the complex nature of Medicare. We proudly serve Bethlehem, PA, and the surrounding regions with professional insurance assistance. As an independent agency, we represent many top insurance companies such as Capital Blue Cross, Highmark Blue Shield, Aetna, Humana, Geisinger, and many others. Our licensed agents are trained on the rules of Medicare and certified with many different plans. We have extensive experience and are committed to making the process seamless to those unfamiliar with how it works.
What is Medicare Part D?
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 be enrolled in Medicare Part B, and must live in the 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.
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. If the beneficiary does not sign up for Part D when they are first eligible or if they drop Part D and then gets it later, the individual may have to pay a late enrollment penalty for as long as they have Part D. The cost of the late enrollment penalty depends on how long the individual went without creditable prescription drug coverage.
Professional Medicare Assistance
We help take the stress out of Medicare by guiding you every step of the way, from Medicare enrollment to picking your supplement and prescription plan. Once enrolled in your plans, we will be here to service you in the future should you have questions or need to switch your coverage. We are here to serve all of your needs and make the process easier to have confidence in your decisions. We offer free and stress-free consultations with no obligation to sign up. Contact Silver Crest Insurance Inc for more information on our Medicare plans and consultations!