Medicare Advantage Plans / By MedicareMisty

A Medicare Advantage Prescription Drug plan, otherwise known as MA-PD, is one way to get prescription drug coverage under Medicare. Medicare Advantage Plans are additions to Original Medicare Parts A and B. They offer bonuses, like vision, dental, and hearing coverage. Some, like MA-PDs, even offer drug coverage. Keep reading to learn more about MA-PDs.

Enrolling in MA-PD

As stated above, a Medicare Advantage Plan is an addition to Original Medicare. It is a type of plan offered by private insurance companies that includes extra coverage options, one of which is a drug plan. Not all Medicare Advantage Plans offer prescription drug coverage. The MA-PD can be a specific plan that only addresses drug coverage or a part of a larger Medicare Advantage Plan. Typically, an MA-PD can be a Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Private-Fee-for-Service (PFFS), etc.

The cost and coverage details depend on the company and the plan. In order to enroll in any Medicare Advantage Plan, you must first be enrolled in both Parts A and B of Original Medicare.

Prescription Drug Coverage Under Medicare

There are multiple ways to get prescription drug coverage under Medicare. The two main ways are enrolling in Part D of Original Medicare or enrolling in a Medicare Advantage Plan that has drug coverage, like a MA-PD. The exact specifics of a MA-PD depend on the plan, which we discuss in more depth below. Medicare Part D covers many common prescriptions, but could be less comprehensive than the Medicare Advantage Plan depending on the plan.

Some people do not need Medicare prescription drug coverage at all. These people typically already have drug coverage. People who have the following plans do not need Medicare prescription drug coverage:

• Federal Employee Health Benefits Program

• Veterans’ Benefits

• TRICARE

• Civilian Health and Medical Program of the Department of Veterans Affairs

• Indian Health Services

These plans typically have comprehensive drug coverage and do not require additional prescription drug coverage.

Questions?

Medicare Advantage Plans are another option to secure prescription drug coverage in Medicare. Prescription drug coverage can be included in larger Medicare Advantage Plans or be a specific MA-PD. Prescription drug coverage can also be purchased in Part D of Original Medicare. Some people also have prescription drug coverage in their concurrent health insurance plans. Contact us at 423-240-0794 to understand your prescription drug coverage.

Misty Bolt MedicareMisty

Misty Bolt is the owner and CEO of MedicareMisty. Her passion for caring for people, especially children and older folks, has led her to where she is today. Not only does Misty own her own Medicare Insurance company but she also has her own Podcast, Magazine, Radio Show, and a TV show! When she is not working she spends her time volunteering for numerous charities around the city such as The Senior Olympics, The Special Olympics, The Kidney Foundation, as well as being on the Board of the Cancer Society.
From sponsoring a Race Car Driver to sponsoring a Cooking Show, Misty continues to show Chattanooga just how versatile she can be. Her big heart plays a role in her career, but it is her clients who inspire her to be a better person and agent.
Fueled by her deep love for God and family, Misty has an impressive history of helping those in need. Therefore, it will come as no shock that when asked what the most rewarding part of her job is, Misty says, “Helping people’s dreams come true.”