Category: Part D

  • Part D Medication Therapy Management (MTMP) Program

    Part D Medication Therapy Management (MTMP) Program

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    by

    Chad Farnum
    in

    Medications have powerful effects on the body, and not always in ways that are good for you. If you take many drugs for different conditions and they interact badly together, you may even wind up with more symptoms. It’s recommended to have your pharmaceutical intake reviewed from time to time by your doctor or pharmacist.…

  • Annual Notice of Change (ANOC)

    Annual Notice of Change (ANOC)

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    by

    Chad Farnum
    in , ,

    If you currently have a Medicare Advantage Plan or you’re enrolled in a stand-alone Medicare Part D Prescription Drug Plan, your plan will send you a “Plan Annual Notice of Change” (ANOC) by the end of each September. The ANOC includes any changes in coverage, costs, or service area that will be effective in January.…

  • Medicare Out-of-Pocket Costs You Should Expect to Pay

    Medicare Out-of-Pocket Costs You Should Expect to Pay

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    by

    Chad Farnum
    in ,

    Medicare provides valuable health insurance for individuals 65 or older and certain people with disabilities who are under age 65. But it also comes with complex rules and sometimes significant out-of-pocket costs. Here are the Medicare Out-of-Pocket costs you should expect to pay: Premiums Most beneficiaries pay the standard Medicare Part B premium of $185 per month…

  • Part D & the $2,000 out-of-pocket max

    Part D & the $2,000 out-of-pocket max

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    by

    Chad Farnum
    in ,

    I recently had a question from a client regarding the annual $2,000 out-of-pocket maximum that’s now apart of every Medicare Part D drug plan. To be clear, the $2,000 max only applies to drugs that are covered on your particular drug plans formulary. Said another way, if a drug is not covered on your plans…