Medicare Part D Prescription Drug Plans are part of the government’s Medicare program, but they are offered and managed through approved private insurers, like Cigna. These plans help lower the cost of prescription drugs that can prevent complications from disease and help keep you healthy.
If you have Medicare Part A and Medicare Part B, there are 2 ways you can get Part D prescription drug coverage.
- Enroll in a separate, or stand-alone, Medicare Part D Prescription Drug Plan.
- Choose to join a Medicare Advantage Plan (Part C) that includes drug coverage.
Note: Keep in mind, however, not all Medicare Advantage Plans include prescription drug coverage.
Prescription Drug Coverage
Part D plans are part of the government’s Medicare program, but they’re offered and managed through approved private insurers, like Cigna.
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Advantages of Part D Prescription Drug Plans
- Protection against high-cost prescription drugs
- Low premiums
- Choices of cost and benefit levels
- Easy to use
- Works with Medicare Part A and Part B, or may be included in a Medicare Advantage Plan (Part C)
Costs of Part D Prescription Drug Plans
You must continue to pay Part B premiums and you may have to pay an additional premium for the Part D coverage. If you choose a Medicare Advantage Plan that contains drug coverage, your premium will include the medical and drug portion of the plan.
Your out-of-pocket costs will vary depending on which drugs you use, if there is a qualified generic alternative, and if you take advantage of mail-order delivery.
Note: In some cases, your premium may be higher if you didn’t sign up for Part D when you first became eligible.
There are 4 ways to pay your Medicare Part D Prescription Drug Plan premiums:
- You can have your premium automatically deducted from your savings or checking account, or charged to a credit or debit card.
- You can have the premium deducted from your Social Security benefit/check (if your monthly payment covers your premium).
- The insurer you choose for your plan(s) can send you a bill each month.
- Your employer (or prior employer) might pay your Medicare benefits, so you pay little to no premium.
Cigna Medicare also offers the ability to pay your premiums online or over the phone.