Prescription Drug Plans
All Medicare plans will include a $2,000 cap on what you pay out-of-pocket for covered RX. Review your prescriptions and compare plans to make sure your drugs are covered in 2025.
If you have a supplement plan or Original Medicare, you want to make sure your drugs are covered in 2025.
Medicare drug coverage helps pay for prescription drugs you need. Even if you don’t take prescription drugs now, consider getting Medicare drug coverage. If you decide not to get it when you’re first eligible, and you don’t have other creditable prescription drug coverage (like drug coverage from an employer or union) or get Extra Help, you’ll likely pay a late enrollment penalty if you join a plan later. Generally, you’ll pay this penalty for as long as you have Medicare drug coverage. To get Medicare drug coverage, you must join a Medicare-approved plan that offers drug coverage. Each plan can vary in cost and specific drugs covered.
There are 2 ways to get prescription drug coverage in NV
- Medicare Drug Plans
- Medicare Advantage Plan (Part C)
1. Medicare drug plans. These plans add drug coverage to Original Medicare, some Medicare Cost Plans, some Private Fee‑for‑Service plans, and Medical Savings Account plans. You must have Medicare Part A (Hospital Insurance) and/or Medicare Part B (Medical Insurance) to join a separate Medicare drug plan.
2. Medicare Advantage Plan (Part C) or other Medicare. You get all of your Part A, Part B, and drug coverage in one plan.
Joining a Medicare drug plan may affect your Medicare Advantage Plan
Take your time before you enroll in a separate Prescription Drug Plan. These are the rules.
If you join a Medicare Advantage Plan, you’ll usually get drug coverage through that plan.
In certain types of plans that can’t offer drug coverage (like Medical Savings Account plans) or choose not to offer drug coverage (like certain Private Fee-for-Service plans), you can join a separate Medicare drug plan.
If you’re in a Health Maintenance Organization, HMO Point-of-Service plan, or Preferred Provider Organization, and you join a separate drug plan, you’ll be disenrolled from your Medicare Advantage Plan and returned to Original Medicare. You will not be able to return until the following open enrollment period, which is October 15-December 7.
You can only join a separate Medicare drug plan if you are enrolled in:
1. Private Fee-for-service plan
2. Medical Savings Account Plan
3. Cost Plan
4. Certain employer-sponsored Medicare health plan.
Call our office to learn more at (702) 541-0882.
This is intended as a general description of certain types of insurance and services available to qualified customers. Any description of policy provisions is meant to give a broad overview of coverages and does not revise or amend a policy. Refer to the policy coverage form for a complete representation of the scope of coverage, terms, conditions, exclusions and more. The policy is the contract that specifically and fully describes your coverage. Some products may not be available in all states and may only be offered on a non admitted basis. Product availability is subject to change.