WellCare Extra (PDP) Monthly Premium
Medicare Part D is not traditional insurance, it's a cost sharing system. When you enroll in WellCare Extra there are different costs that you pay, including: premiums, an annual deductible, and co-payments at your pharmacy.
The premium is $962.40 ($80.20/month). It has a $0.00 deductible (annual). With a zero dollar deductible you have first dollar coverage. Many plans have a deductible that must be paid in full prior to receiving prescription coverage assistance.
You must pay the premium each month, regardless of the number of prescriptions you have filled. You pay 100% of your prescription costs until you have reached the annual deductible. Plus, you make your co-payment at the pharmacy each time you have a prescription filled. These are your share of the costs.
There are two situations that can change the amount you pay for your Medicare Part D plan in New York. If you are a low income beneficiary and qualify for Extra Help your premium may be lower. Also, if you have a premium penalty due to late entry, your premium will be higher. Contact an authorized New York Medicare Insurance Agent to get an exact quote.