Medicare Part D in California

LM Financial and Insurance Services of Rancho Cordova, CA is a privately owned insurance agency specializing in Medicare Advantage, Medicare Part D, Medicare Supplement plans, annuities and final expense life insurance. We can help you find the best rates and coverage for all your senior health insurance needs. 

Your Original Medicare benefits don’t automatically offer prescription drug coverage, but you can easily obtain this benefit by applying for a Medicare Prescription Drug (Part D) plan. Though this is a private plan, it is guaranteed to offer you prescription benefits in conjunction with your existing Medicare. 

To get the policy that is perfect for you, contact us today at (800) 748-5538 or request your free quote now! 

Common Medicare Part D Questions 

What is a Medicare Part D plan? 

Original Medicare is the foundational coverage that offers health insurance for millions of Americans. It contains two primary benefits, Part A (Hospital Coverage) and Part B (Medical Coverage).  

While these benefits will offer you coverage for many critical medical services, they will not cover any of your regular prescription drug costs. Rather, you will be able to receive this coverage through a Medicare Part D prescription drug plan. These are private plans that are designed to offer you coverage for your prescription drug costs while working in conjunction with your existing Medicare coverage. 

How does Prescription Drug coverage work? 

Within your Medicare Part D plan you will receive coverage for generic, brand-name and specialty drugs to combat a variety of illnesses and conditions.  

All these plans must meet standards set by Medicare regulations, but health insurers retain the right to set certain terms within their plans as well. Keep the following in mind when comparing your options: 

• Your plan choices may be limited depending on the policies available in your area.

• To receive optimized coverage and the lowest costs, you should use a pharmacy within your plan’s network.

• Insurers will use different formulas to set the costs of each prescription in their formulary.

• Most plans must give patients a choice of drugs. You can ask your doctor to appeal for coverage if your plan does not already cover a drug you need.

Plans also include coverage phases—initial coverage, the donut hole and catastrophic coverage—that you encounter based on how much you are spending on prescriptions. Your drug costs might vary depending on where you are in the plan cycle. 

How much is a Medicare Prescription Drug plan? 

Medicare Part D plans vary widely, and only certain plans are available in certain communities. The best one for you will be one that you can obtain both affordably and that offers you the appropriate level of benefits for your medication needs. 

Our agents can help you review each of your policy options to determine the one that is most optimal for you.