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A Medigap policy is a supplement to Original Medicare coverage. When youre getting started with Medicare, you can either buy Medigap or enroll in a Medicare Advantage Plan, but you cant have both. If you have a Medicare Advantage Plan, you cant buy a Medigap policy.
Medicare Cost Plan Medicare offers prescription drug coverage for everyone with Medicare. This coverage is called Part D. There are 2 ways to get Medicare prescription drug coverage: 1. Join a Medicare Prescription Drug Plan (PDP).
You can join a separate Medicare drug plan to get Medicare drug coverage (Part D). plans. In most types of Medicare Advantage Plans, you cant join a separate Medicare drug plan.
Despite both of these parts of Medicare, including drug coverage in most cases, they are not the same. Medicare Advantage plans include hospital and medical coverage and can have drug coverage, and Medicare Part D only covers prescription drugs purchased at the pharmacy.
If you join a Medicare Advantage Plan, youll usually get drug coverage through that plan. In certain types of plans that cant 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.

People also ask

You leave the donut hole once youve spent $7,400 out of pocket for covered drugs in 2023 ($8,000 in 2024). 2024 is the last year for the donut hole. A $2,000 out-of-pocket cap takes effect for Medicare Part D in 2025.
To enroll in a Part D plan, you can do any of the following: Call 1-800-MEDICARE. Counselors are available to guide you through your options and enroll you in a plan. Use Medicares Plan Finder tool to compare plans and enroll. Call the plan you wish to enroll in, and a representative can help you.
In most cases, stand-alone prescription drug coverage refers to Medicare Part D plans that Medicare beneficiaries purchase to supplement Original Medicare (or to supplement a Medicare Advantage plan that doesnt already come with built-in Part D coverage, but 90 percent of Medicare Advantage plans do include Part D

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