Part D Prescription Drug Plans

GMIA, Inc. / Archive by category "Part D Prescription Drug Plans"

What is the Low-Income Subsidy Benchmark Premium and How Does it Affect Medicare Advantage Prescription Drug Plans?

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

The Medicare Extra Help program, also known as Low-Income Subsidy (LIS), assists low-income people with Medicare out-of-pocket costs associated with Part D prescription drug coverage. We cover the specifics of this program in our previous blog, The Ins and Outs […]

March 1, 2023
The Ins and Outs of Extra Help, Low-Income Subsidy

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

Medicare costs can add up for beneficiaries for both prescriptions and medical costs. Even with Medicare coverage, they have a myriad of potential expenses including premiums, co-pays, co-insurance, and prescription drug costs, as well as potential penalties for Part B […]

June 24, 2021
Medicare Changes for 2020

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

2020 is right around the corner. If you didn’t already know, some rates are changing for Medicare. Since we know it is hard to keep track of the cost share between your clients and Medicare, below is a cheat sheet […]

November 26, 2019
How to use Medicare and VA Benefits Together

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans , Uncategorized

Medicare and VA Benefits Are your clients eligible for both Veterans Affairs Benefits and Medicare? Per VA and Medicare, they can be covered under both plans but they each pay under different circumstances. It is important to understand what each […]

November 7, 2019
Medicare “Donut Hole”: Understanding Part D Coverage Gap

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

Medicare Part D can be confusing with it’s many tiers and coverage stages. A common source of confusion is the Medicare Prescription Drug Plan Part D coverage gap, commonly referred to as the “Donut Hole”. It is important to know […]

November 27, 2018
What happens if you missed your Initial Enrollment Period for Medicare? Use the General Enrollment Period

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

If your client did not enroll in Medicare during their Initial Enrollment Period, then they will have to wait until Medicare’s General Enrollment Period. Every year the General Enrollment Period (GEP) for Medicare occurs between January 1 and March 31. […]

April 18, 2018
Medicare Plan J and non credible PDP Coverage

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

Are you sure you’re Medicare customers are covered by credible prescription drug coverage? If they are currently on a Plan J Medicare Supplement, then they may not be covered and could be racking up ongoing monthly penalties. Why is this? […]

December 26, 2017
Calculating PDP Late Enrollment Penalty

By GmiaAdmin | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans

What is the Prescription Drug (PDP) Penalty? The late enrollment penalty is an amount added to Medicare Part D monthly premium. You may owe a late enrollment penalty if, for any continuous period of 63 days or more after your […]

December 19, 2017
2017 Medicare Part D Low-Income Subsidy (LIS) Income and Resource Standards

By GMIA Inc | In Medicare , Medicare Enrollment , Part D Prescription Drug Plans , Savings

The new income and resource standards will be applied to all LIS applications filed on or after January 1, 2017. 2017 POVERTY GUIDELINES ALL STATES (EXCEPT ALASKA AND HAWAII) AND D.C. ANNUAL GUIDELINES FAMILY PERCENT OF POVERTY GUIDELINE SIZE […]

April 12, 2017

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