Signing up for a Prescription Drug Plan

Once you’ve decided to sign up for a Medicare prescription drug plan, you can begin to look at enrolling.  Luckily, it doesn’t need to be complicated.  By following a few simple steps, you can successfully enroll in the prescription drug plan that’s right for you.

The first thing you want to do, of course, is to choose a drug plan that best suits your lifestyle.  Are you attached to a particular brand or would you be content using generic brands?  Do you prefer low deductibles or lower copayments?  Will you need additional coverage for expensive medication?  Consider your costs and needs, research your choices, and make an informed decision.  If you need additional information or help deciding on a plan, you can contact your State Health Insurance Assistance Program.  They will be able to assist you in making a decision, free of charge.  You can also call Medicare for help, at 1-800-633-4227 or visit them online at www.medicare.gov.

After you’ve chosen a plan, you will be able to enroll between November 15 and December 31 of each year.  You can also join a Medicare drug plan when you first become eligible for Medicare or any time you qualify for extra help.  It’s a good idea to sign up as soon as possible to avoid a late enrollment penalty.  You may also be able to receive a lower monthly premium.

There are a number of ways to enroll.  If you are comfortable using the Internet, you may be able to enroll online using the drug plan company’s website or, depending on the plan, Medicare’s website, at www.medicare.gov.  Requesting an application from your chosen Medicare drug plan will allow you to enroll by mail or fax.  You can also call your chosen drug plan or Medicare at 1-800-633-4227.

In order to finalize your decision, you will need to have some specific pieces of personal information ready, like your name, birth date, and address.  You will also need to provide information from your Medicare card.  You may also be asked to provide your social security number, email address, and emergency contact information, but this information isn’t usually required.  After signing up and being approved, you will be sent your information and you can begin to reap the benefits from your chosen prescription drug plan.