In a situation where your Medigap policy insures prescription drugs and you sign up for a Medicare prescription drug policy, you must tell your Medicare United Healthcare advantage plan insurance company.
Your Medicare United Healthcare advantage planal policy can eliminate prescription drug insurance from your Medicare United Healthcare advantage planal policy and modify your premium as needed. Keep in mind that once you have the drug coverage of your Medicare United Healthcare advantage plan plan, you cannot change your mind. However, you can make changes to your Medicare Prescription Drug Policy (e.g. changing plans or discontinuing your prescription) at certain times of the year or in special circumstances.
Another option is to enroll in a Medicare Advantage plan that includes Medicare prescription drug coverage (also known as the Medicare Advantage Prescription Drug Policy or MAPD). Just like Medicare’s independent prescription drug plans, Medicare Advantage plans are provided by private insurance firms that contract with Medicare and are available through the “Part C” program.
Medicare Advantage policies must provide at least similar coverage as Original Medicare plan (with the exception of hospice benefits covered by Part A). Most Medicare Advantage plans include prescription drug coverage, but not all plans, so always review the specific plan. If you decide to receive your Medicare benefits through a Medicare Advantage plan, you can usually get benefits on your plan, if available, for prescription drugs or a separate Medicare prescription drug plan if the Medicare Advantage Plan does not cover prescription drugs
To learn if a Medicare plan covers your drugs, you can review the plan’s formula or the list of insured drugs. Bear in mind that formulas can change at any time. If necessary, you will receive a notification from your plan. As with Medicare’s independent prescription drug plans, Medicare Advantage prescription drug plans are different in terms of covered drugs, cost sharing and premiums. If you take the time to compare the plans available in your place of residence, you can find a plan option that covers your prescription drugs at the best price.
If you join a Medicare Advantage plan and have additional Medicare coverage, you cannot use your Medicare plan to pay for any costs you may have with your Medicare Advantage plan. Medicare United Healthcare advantage plans only work with Original Medicare. If you choose to enroll in a Medicare Advantage plan, you may want to cancel the Medicare United Healthcare advantage plan plan, otherwise you will pay for services you cannot use. Should your Medicare United Healthcare advantage plan plan includes coverage for prescription drug, you may want to select a Medicare Advantage plan that offers Medicare prescription drug coverage, if available.
How can I get more information about Medicare United Healthcare advantage planal plans and prescription drug coverage?
Hopefully, you now have a better understanding of how Medicare’s drug coverage works when it comes to covering Medicare United Healthcare advantage plans.
You can also do your own research to familiarize yourself with the Medicare plan options in your environment.
The reason for this communication is to request insurance. The contact is made by an insurance agent / manufacturer or an insurance firm.
Medicare United Healthcare advantage planal insurance plans are not affiliated with or approved by Federal Medicare Program or the US Government.