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Closer Look at Part D for 2019

I hope all is well in your world. Today, I wanted to go over the changes in Part D prescription coverage for 2019.

The rates have not been released yet, but I did want to make you aware of what you can expect when it comes to coverage with Part D. This is for a standard Part D policy. Remember, it is very important to update your prescription list to insure you get the right plan for you.

For 2019, your standard plan will have a $415 deductible-this is a $10 increase from 2018. Initial Coverage has increased to $3820, up from $3750. The initial premium coverage period is when the insurance company will cover the majority of your prescriptions. You will have minimal co pays for generic prescriptions.

The Donut Hole, or Catastrophic Period, is the time when you will pay a bigger portion of your prescription co-pays. The amount has increased from $5000 to $5150. During this time, you will pay 37% of the cost of a generic prescription and 25% of name brand.

After you and the insurance company have paid $8970 in prescription costs, you will enter the catastrophic point of coverage. Your generic Medications will be the greater of 5% or $3.35 and name brand will be the greater of $8.35 or 5%.

Please update your information before choosing a Part D policy for 2019 to insure you have the best plan for you. Every one’s situation is different and just because your friend has one particular plan does not mean it will be the right one for you.

If you have any questions about Medicare please give me a call, 803-851-0219.

Don't forget to ask me about our Long Term Care, Cancer, Heart, Stroke, and Final Expense Policies.

All the best,


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