Medicare Part D was originally approved in 2003 and officially started in 2006. The plan was brought about as a way to help those on Medicare pay for prescription drugs. Individuals who couldn't afford to buy all their medications now have an option that helps. The participant has a deductible, but they also get discounted costs on their drugs. Those who want to enroll must first meet certain requirements put in place on all participants.
Instructions
1. Be at least 65 years of age or have a disability. Medicare is only open to those citizens at least 65 years old, and those who are on disability leave. Anyone who doesn't meet these requirements cannot qualify for Medicare Plan D.
2. Meet the requirements associated with Medicare participants, such as being a legal resident of the United States. These recipients must receive social security benefits or be eligible to receive those benefits and must have paid Medicare taxes at one of their past jobs.
3. Sign up for the Medicare Plan D coverage as soon as you register for Medicare. When you first sign up for Medicare, you're given the option to enroll in some of their other programs such as Plan D. If you think you might need this coverage in the future, sign up for it as soon as possible.
4. Add the program during the open enrollment period that takes place every year from November to December. Those who miss signing up for the program when they first go on Medicare can also enroll during the open enrollment period.
5. Agree to pay the monthly premium associated with the plan. This premium pays for the deductible and works towards the future cost of drugs. Those who agree to pay the fee and quality for Medicare are given the benefits right away.
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