I Have A Medigap Plan, Can I Enroll In A Medicare Rx Plan?
A Medigap plan sometimes covers the items that are normally covered under Medicare Part D. A person cannot have both, and there are times when it may be advantageous to have one plan over the other. The deciding factor often comes down to how much medication a person takes.
The premiums for a Medigap plan are usually higher than Medicare Part D, although a Medigap policy will cover items that the prescription drug coverage does not. If a person pays out too much for his prescription co-pays, it generally means that it time to consider a switch.
Difference Between a Medigap Plan and a Medicare Rx Plan
A Medicare Rx plan offers much lower co-pays on medications than a Medigap plan. do, but a person can only have one or the other. He or she cannot have both. If a recipient decides to go with a prescription drug plan, he must inform the insurance company that he has the Medicare supplemental plan with.
If a person only has one or two medications, there is generally not a benefit from using a Medicare Rx plan and then is no need to switch. A person who anticipates a change in the amount of medications he or she is on may head off extra expenses by switching ahead of time.
Why Choose a Medicare Rx Plan?
There are several options that cover a person’s medications on the Medicare plans, but they offer a wider range of options than Medicare supplemental plans do. Of course, a person can enroll in a Medicare Rx plan if he has a Medigap plan, it is just that complications occur when a person has two forms of prescription coverage that are covered by the federal government’s rules. In the long run, it may be worth it for most people to switch to the government-sponsored prescription coverage.
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