While traditional pharmacies are responsible for filling common prescriptions for their patients, Compound pharmacies are different in the way that they are able to fill customized prescriptions. These pharmacies are prepared to meet a patient's specific needs by using innovative technology to manufacture prescriptions that may contain multiple drugs and alternate dosage strategies. These needs cannot be met with traditional mass market medications.
Each year CMS (Centers for Medicare and Medicaid) measures Medicare Advantage Plans (Part C) and Part D Prescription Drug (PDP) plans to see how well they are performing. The grade each plan receives is based on a range from 1 to 5 stars, with 5 being the highest a plan can receive, and one being the lowest. Medicare scores how well the plans do in several categories and the plan is assigned one Star Rating to summarize the plan’s overall performance, as well as separate Star Ratings in each of the individual categories reviewed. Here's how:
Topics: Star Ratings, www.medicare.gov, Medicare, CMS, Medicare.gov, Medicare Part D, What is Medicare Part D?, What are Medicare Supplements?, Medicare Supplement, Medicare Supplement Plans, Medicaid, medicare advantage, Medicare Advantage plans, What are Medicare Advantage Plans?, prescription drug coverage, Prescription Drug Plan, Prescription drug plans
Each Medicare prescription drug plan has it’s own list of covered drugs called a formulary. All formularies are similar because they are based on the same federal guidelines, however they may not include the exact same medications. The federal government requires the plans to include most of the types of drugs used by Medicare beneficiaries. The difference in the drug formularies will be important to you because you will want to be certain that the prescription drugs you take will be on the plan’s list you are planning to enroll in. We break it all down here.
Topics: how medicare works, What is Medicare?, what is a formulary?, medicare formulary, Prescription drugs, discounts on prescriptions, prescription drug coverage, Prescription Drug Plan, Prescription drug plans
Are you 65 and older, on Medicare and planning on moving to a new county or state? If so, you may be wondering if there are any changes you will need to make to your Medicare coverage, and what exactly those changes may be. Down below, we broke down the parts of Medicare and steps needed to take if you are moving:
Topics: Medicare, Moving, Original Medicare, What is Original Medicare?, Medicare Part A, Medicare Part B, medicare advantage, Medicare Advantage plans, Prescription Drug Plan, Medicare Supplement, Medicare Supplement Plans, Medigap
Medicare announced that the average basic premium for a Medicare Part D prescription drug plan in 2017 will remain fairly stable at a projected $34 a month. This new estimate represents an increase of nearly $1.50 over the average premium of $32.56 for 2016. Although Part D premiums remain relatively stable, Part D costs to continue to rise faster than any other parts of Medicare.
Topics: Part D, Medicare, Prescription Drug Plan, Annual Election Period, AEP, What is AEP?, Prescription drugs, Prescription drug plans, Medicare Part D, What is Medicare Part D?, What is Medicare?, What are Medicare Supplements?, what are medicare supplement plans, Medicare Supplement, Medicare Supplement Plans, medicare supplemental insurance, Medicare Supplements
There are several reasons why we love the Medicare system. Outside of helping millions of beneficiaries pay for expected and unexpected health cost, it gives families the peace of mind they need to know their moms, dads, aunts, uncles and grandparentes will be in good hands . But here are 5 specific reasons why our feelings for Medicare runs deep.
Topics: Medicare, Medicare Enrollment, health insurance, health care coverage, donut hole, Medicare Donut Hole, What is the Donut Hole?, What is Medicare?, Health Care, health care plan, prescription drug coverage, Prescription Drug Plan, Extra Help, what is extra help, LIS, Social Security, health screenings
Do you know what questions you should ask yourself when choosing health care coverage? In this week's episode, Sondra and Mary, otherwise known as the Medicare Gals, have 8 questions you should always consider before choosing your Medicare coverage.
8 Questions to Ask Yourself When Choosing Health Care Coverage
Topics: Part B, health care coverage, Turning 65, Prescription Drug Plan, Medicare, travel, Part A, health insurance, TSS, Medicare Gals, network coverage, medicare costs, my medical insurance, my Medicare, Medicare explained, medicare solutions, Part D, Part C