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Medicare Prescription Drug Insurance

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What is a Medicare Prescription Drug?

Medicare Part D involves costs that are similar to those found with any standard medical or prescription insurance coverage plan. These costs include premiums, yearly deductibles, and copays. An individual participant’s actual costs will vary depending on several factors, including the specific plan they choose, the medications they use, and the pharmacy they select. Generally, participants would opt to enroll in Medicare Part D when they first become eligible for the program. Otherwise, they may incur a late enrollment penalty unless they meet certain criteria, such as having other creditable prescription drug coverage. The government categorizes creditable prescription drug coverage as that which is expected to pay at least as much as Medicare’s standard prescription drug coverage.
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Eligible individuals who want to enroll in Medicare Part D will first need to evaluate their options and choose a plan. After identifying the plan they want to select, participants can enroll online via the plan’s website or by phone, or by submitting a paper application.
(815) 232-7726​
20 W Main St
Freeport, IL 61032​
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Freeport, IL Office

Jewell Insurance and Financial Services
20 W Main St
Freeport, IL 61032
(815) 232-7726
Toll Free (800) 440-9901
​Click Here to Email Us

Rockford, IL Office

Jewell Insurance and Financial Services
7210 E. State St. 
Suite 102 
Rockford, IL 61108
(815) 232-7726
Toll Free (800) 440-9901
​Click Here to Email Us
Website by InsuranceSplash | 5
  • Home
  • Quotes
    • Medicare Supplement Coverage Quote
    • Medicare Advantage Plan Quote
    • Medicare Prescription Drug Quote
    • Other Quotes >
      • Annuity Quotes
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Final Expense Insurance Quote
      • Life Insurance Quote
      • Long Term Care Insurance Quote
      • Travel Insurance Quote
      • Vision Insurance Quote
  • Service
    • Update Contact Info
    • Policy Changes
    • Free Consultation
  • Insurance
    • Medicare Supplement Coverage
    • Medicare Advantage Plans
    • Medicare Prescription Drug Insurance
    • Other >
      • Annuities
      • Critical Illness Insurance
      • Dental Insurance
      • Final Expense Insurance
      • Financial Planning
      • Life Insurance
      • Long Term Care Insurance
      • Travel Insurance
      • Vision Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Newsletter Signup
    • Agency Photo Gallery
    • News
    • Blog
  • Contact
    • Schedule an Appointment