Whatever it Takes
Whatever it Takes

Medicare Part D

Medicare Part D

(Need help comparing your Part D plan options? Contact a licensed Medicare agent at Innovative Insurance Solutions today to help compare your options)

What is Medicare Part D?

Medicare Part D Prescription Drug plans are plans you can enroll on with a private insurance company to help with your Medication costs using copays and coinsurances required by the plan. There are many available options for Part D insurance companies offering Prescription drug plans. Each Part D insurance company has a formulary that lists each medication their plan covers and what your copays/coinsurance will be at the pharmacy. These Private insurance companies can set their own price using copays/coinsurance for each of their medication tier levels. However, these Part D insurance companies must remain compliant with federal requirements for minimal essential levels of coverage and must receive Medicare’s approval each year for their plan benefits. You can enroll onto a Part D drug plan one of two ways; by enrolling onto a stand-alone prescription drug plan or by enrolling onto a Medicare Advantage plan that includes prescription drug coverage.

Things to know about Part D:

Even though  Part D is optional to you, there are a few things you want to consider before making a decision:

At Innovative Insurance Solutions we help clients by assessing their Prescription Drug plan needs and ensuring they are on a plan that suits those needs. There is no cost for our services. . Call us today and talk to a licensed insurance agent to help assess your needs! (817) 421-8900.

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Innovative Insurance Solutions

We are licensed benefit advisors located in Grapevine, Texas. Our agency has been assisting Group, Individual, and Medicare clients with their health insurance options for over 25 years conducting business in Texas, Oklahoma, New Mexico, and Arizona. We have a hands on management philosophy and provide exceptional customer service.
Please contact us today!

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