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 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: prescription drug coverage, Prescription Drug Plan, how medicare works, Prescription drugs, Prescription drug plans, discounts on prescriptions, What is Medicare?, what is a formulary?, medicare formulary
For most people who are on Medicare, it is very likely that they have heard the phrase Annual Enrollment Period, or it’s abbreviation AEP. Many Medicare beneficiaries may wonder what this Annual Enrollment Period means for them and their current coverage. Medicare coverage year AEP runs from October 15 to December 7 every year. This will be the only opportunity a beneficiary has to review, renew and/or change their current Medicare plans for the upcoming year, unless they fall under an SEP (Special Election Period) which is only available when significant life events occur. In order to be fully prepared for AEP it is important to do some homework first.
Topics: medicare insurance, Annual Enrollment Period, Medicare, Medicare Part D, Medicare Premiums, Medicare Part C, medicine, Prescription drugs, Annual Election Period, premiums, Medicare Coverage, AEP Enrollment Period, What is AEP?, What is Annual Enrollment Period?, What is Annual Election Period?
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: Medicare Supplement Plans, Prescription Drug Plan, Medicare, Medicare Part D, Medicare Supplements, Medicare Supplement, AEP, Prescription drugs, Annual Election Period, medicare supplemental insurance, Prescription drug plans, Part D, What is Medicare?, What is AEP?, What is Medicare Part D?, What are Medicare Supplements?, what are medicare supplement plans
Did you know that a physical exam is recommended once a year, especially in people over the age of 50? For some of us a trip to the doctor's office may bring up feelings of dread, or maybe we think that we are healthy and don’t need to schedule a visit, or we just don’t have the time. There are plenty of excuses we can come up with to justify not making the dreaded appointment, but there are many benefits to an annual care visit. A physical exam can help your Primary Care Physician (PCP) determine the general status of your health.
The Department of Health and Human Services has released information that shows that millions of seniors and people with disabilities on Medicare continue to save on prescription drugs as well as see improved benefits as a result of the Affordable Care Act. In the past it is believed that as many as 1 in 4 seniors went without a prescription each year because they were unable to afford it. To help these seniors, this law provides relief for those people with the highest drug costs, the ones in the donut hole.
Topics: Part B, Affordable Care Act, Annual Enrollment Period, Medicare, medicare advantage, ACA/Obamacare, Part A, health insurance, Obamacare, TSS, Medicare Gals, AEP, Medigap, Penalties, ACA, Medicare explained, medicare solutions, how medicare works, Prescription drugs, explain medicare, Part D, Part C
Article courtesy of The Medicare Blog.
Topics: part d penalty, Affordable Care Act, Medicare, ACA/Obamacare, Medicare Part D, Obamacare, Medicare Supplements, donut hole, medicine, Prescription drugs, What is the Donut Hole?, Medicare Donut Hole, Part D Premiums, Medicare & You, Trusted Senior Specialists, Catastrophic Coverage