Maine seniors can choose from 25 Medicare Part D Plans in 2018. Choose carefully, and don’t settle on a prescription drug plan until you know that your most expensive medications are covered at a price you can afford. This information is available in the plan’s formulary. The formulary also gives you the co-payment information.
2018 Medicare Part D Donut Hole in Maine
As you are likely aware, the Medicare Part D coverage gap, also known as the donut hole, is still with us for a few more years. The new healthcare law is gradually phasing out the coverage gap. Until the donut hole is gone for good, you need to budget for your medications accordingly.
Using a Maine Medigap Policy with a Medicare Part D Plan
Medicare does not pay for all of your hospital and doctor bills. Even with the new healthcare law in place, Original Medicare only pays about 80 percent of your major healthcare bills in Maine. The rest comes out of your pocket. To protect yourself from the high cost of an illness or injury that requires hopitalization, you need a Medigap supplemental Medicare insurance policy. We publish a complete catalog of Medigap policies for Maine seniors with the tools you need to find the most affordable policy with the best coverage.
Medicare Part D Benefits Offered by Most Medicare Advantage Plans in Maine
More than 15-million people on Medicare enrolled in a Medicare Advantage plan in 2015. The biggest reason for switching is the added benefits and lower out-of-pocket costs. Of the additional benefits included, by far the most common is prescription drug coverage. Our catalog will show you all Medicare Advantage plans in Maine and the features, benefits and coverages they offer.
Eligability and Availability
You are eligible to apply for a Medicare Part D Plan in Maine if you are:
- A resident,
- Enrolled in Medicare Parts A and B, and
- You are age 65 or over (or have Medicare due to a disability).
Medigap Part D Plans are available in the following counties: York, Cumberland, Sagadahoc, Oxford, Androscoggin, Franklin, Kennebec, Lincoln, Waldo, Penobscot, Piscataquis, Hancock, Washington, Aroostook, Somerset, Knox, and all other areas of the state.