A Medicare-approved Prescription Drug Plan (PDP) is a health insurance plan approved by Medicare but run by private insurance companies.
A Prescription Drug Plan (PDP) is intended to cover part of the cost of prescription drugs. For many people on Medicare, large health expenditures are still somewhere in the future. But finding ways to control spending on prescription medication is a concern that's here and now. Whether you are a resident of York County, PA, or you live in South Central Pennsylvania, determining the best Prescription Drug Plan is easily done provided you do a bit of homework and carefully work through the information.
To help make your decision regarding a Medicare-approved PDP, take the following steps:
- First, determine if the prescription drugs you are currently taking are covered by the PDP you are considering.
- Next, verify that your pharmacy accepts the Prescription Drug Plan.
All Medicare Prescription Drug Plans have what is called a "Coverage Gap" that starts after your drug costs reach a certain dollar amount and continues until drug costs reach another milestone called "Catastrophic Coverage". Understanding the "Coverage Gap" and "Catastrophic Coverage" can be difficult. Fortunately Medicare has published a pamphlet, "Bridging the Coverage Gap in 2011", that explains both very well.
Still have questions about Medicare-approved Prescription Drug insurance plans? Just contact Dennis D. Smith Life and Health Insurance here in York County, PA, at your convenience to discuss your needs and get your questions answered.