Medicare Part D Plans in Montana
Information about Medicare Part D plans in Montana
There are a number of different options for Medicare beneficiaries in Montana who wish to enroll in and receive prescription drug benefits. One option is enrolling in a Medicare Part D plan . Medicare Part D is available through a stand-alone Prescription Drug Plan (PDP) offered by private insurance companies to cover some of the costs of eligible prescription medication. The Part D benefit is also available through a Medicare Advantage Prescription Drug (MAPD) plan, which combines health insurance and prescription coverage under one plan.
Since Original Medicare (Part A and Part B) does not typically cover prescription drugs, Medicare beneficiaries can sign up for a Medicare Part D plan, in addition to their Original Medicare, Medicare Supplement, or certain types of Medicare Advantage that do not provide medication benefits.
Medicare Part D plan statistics in Montana
Depending on your location, and even your county of residence, Medicare Part D costs may vary throughout Montana. Below are a few statistics about Medicare Part D plan availability:
- Total stand-alone Medicare Part D plans (2013): 32
- Number of organizations offering PDPs (2013): 16
- Percent of PDPs with a coverage gap (2013): 66%
- Average monthly premium for PDPs (2012): $56.52
- Percent of PDPs with a $0 deductible (2013): 44%
- Percent of PDPs with a standard $325 deductible (2013): 44%
- Total Montana residents enrolled in a stand-alone PDP (2012): 79,031
- Percent of total Medicare beneficiaries enrolled in PDPs (2012): 44%
How to compare Medicare Part D plans in Montana
As mentioned, Original Medicare does not cover prescription drugs, except in certain circumstances, including immunosuppressant drugs for patients with organ transplants, a limited list of oral anti-cancer drugs, and some prescription drugs used in nebulizers and external fusion pumps.
Thus, if Medicare beneficiaries wish to receive prescription drug benefits, then they should enroll in a Medicare Part D plan that will help pay for brand-name and generic medication not covered under Original Medicare. Even if you are not currently taking prescribed medication, it is recommended that you consider signing up for Part D to protect yourself from high drug costs in the future.
Medicare Part D plans may vary in cost and availability depending on your county of residence. Additionally, each independent insurance company can decide which brand-name or generic drug they will cover, and under which tier to charge copayments. Thus, it is important for you to consider every Part D plan available to you and make a decision based on your current medication needs and your budget.
If you wish to begin your search for a Medicare Part D plan in Montana , simply enter your zip code above, and we will provide you with a customized list of plans available in your area. You can even enter the names of your current medications to help narrow your search.
Data provided by the Henry J. Kaiser Family Foundation.