Like most health insurance options, determining which Medicare coverage is right for you can feel complicated. Medicare offers a number of different plans to make sure your health needs are fully met, from hospital stays to prescription drugs. Medicare Part B and Part D both offer very different things, which is why it’s important to understand the differences between the two to decide if you would benefit from them.

What Is Medicare Part B?

Medicare Part B is designed to meet your day-to-day medical needs. This part of the Medicare plan will help pay a portion of doctor visits, laboratory tests, x-rays, medical equipment, ambulance services, some home health and mental health services, and rehabilitation therapy. Medicare Part B is optional and can be waived if you already have coverage through a union or spouse’s medical plan. In addition to a monthly premium, a small deductible must be met, dependent upon incomes and other factors.

This coverage is ideal for individuals who regularly visit the doctor or require consistent lab work or exams.

What Is Medicare Part D?

Medicare Part D is the latest addition to insurance offerings and provides coverage for prescription drugs. This coverage is optional and available to anyone enrolled in plans A or B, as well as most Medicare Advantage plans. Medicare Part D requires a monthly premium and sometimes a deductible, but will then help cover the costs of prescription medication. The costs will vary based on the price of drugs and which ones are covered by the plan. Medicare Part D is available through many private insurance companies, where you can sign up directly for the coverage and services you want.
This plan is ideal if you consistently take medication, but you should check to ensure your prescriptions are covered.

Mary Marshall Medicare - Independent Broker is located in Lakewood, CO, and offers support and assistance for individuals transitioning from one insurance policy to another. Choosing between Medicare Parts B and D and other options can be difficult, but the professionals at this brokerage firm have the skill and knowledge to help you get the coverage you need. To learn more about your options, call (303) 241-6665 to speak with a professional or visit their website.