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Medicare Plan D refers to prescription drugs and is part of a government program offered through private insurers such as Cigna. With Cigna Medicare Part D plan, you are in a position to prevent complications and keep yourself healthy. As long as you are entitled to the Original Medicare Part A or enrolled in Medicare Part B, you’re entitled to this coverage.
If you have Medicare Part A or Part B, here are ways you can enroll:
The Cigna Medicare Part D has three phases on how it works:
The Catastrophic Cover: It is the upper level of the Part D plan. Here, the plan covers your prescription drugs for the remainder of the year as of 2024.
Part D covers chronic conditions such as asthma, heart disease, and high cholesterol. It will also cater to the medications you will need for a short duration, such as antibiotics. Talk to your provider since drugs are covered in your Original Medicare Part B, not Part D.
Which Costs Will You Incur in Plan Part D?
Part D monthly premium: You will pay a flat fee for the coverage.
Part B premium: This is part of your Original Medicare Coverage that you should continue paying.
Coinsurance and copays: Here, you and Medicare share the costs of the prescription drugs.
There are four different ways through which you can pay for your Cigna Part D plan:
The insurer chooses the plan for you and sends the bill every month.
You can deduct monthly from your savings or charge to your credit or debit card.
Your prior or current employer pays for your Medicare benefits, ensuring you have little to no premiums.
You have your premiums deducted from your Social Security check.
What is New In 2024?
The 2024 Part D plan will be great for you, and here is why:
Low premiums and low generic copays.
Secure and large pharmacy networks.
There is an extra drug list that covers gaps for many generics.
Should you need more help, contact us for assistance.