Medicare Prescription Drug Plan

Medicare Prescription Drug Coverage Information

The new Medicare prescription drug coverage began on January 1, 2006,
but you can enroll until the spring of 2006. Everyone with Medicare can get
this coverage that in most cases will lower your prescription drug costs
and help protect against higher costs in the future. Medicare Prescription
Drug Coverage is insurance. You choose the drug plan and pay a monthly
premium.

If you have limited income and resources, you may
get extra help to cover prescription drugs for little or
no cost. The amount of the monthly premium is not
affected by your health status or how many
prescriptions you need. You will also pay a share of
the cost of your prescriptions.

The decision to get Medicare prescription drug
coverage depends on how you pay for your drugs
now and how you get your Medicare coverage.

Original Medicare only, or Original Medicare and
a Medigap ('Supplement') Policy without drug
coverage. The new Medicare drug coverage will cover
half of the costs for you if you have this kind of
coverage now. Enhanced options are available that
provide more coverage.

Original Medicare and a Medigap ('Supplement')
Policy with drug coverage. The new Medicare drug
coverage will generally provide much more
comprehensive coverage at a lower cost.

Retiree or Union coverage:

In most cases, people with good retiree or union
coverage can continue to get it, with new financial
support from Medicare.

Medicare Advantage Plan (like an HMO or PPO)
or other Medicare Health Plan, which already include
drug coverage and other extra benefits.

Dual coverage from Medicare with Medicaid drug
coverage. These people will automatically get
comprehensive prescription drug coverage from
Medicare, starting on January 1, 2006.

**The information, pictures, and other content in this website about particular insurance services
is only provided for informational purposes. Any decisions regarding your insurance needs
should be discussed with a licensed insurance agent.

Click on the link below to request more information about the new Medicare Prescription
Drug Coverage for New Jersey residents or you can speak with our Personal Insurance
agent specialist at 201-796-6303 to discuss the features and assist you with enrollment.

Click HERE to fill out our Contact Us form

How Much Will the Plans Cost?

When you get Medicare prescription drug coverage, you pay part of the costs, and
Medicare pays part of the costs. You pay a premium each month to join the drug plan
(generally around $37 in 2006 for standard coverage). If you have Medicare Part B,
you also pay your monthly Part B premium. If you belong to a Medicare Advantage
Plan or a Medicare Cost Plan, the monthly premium you pay to the plan may increase
if you add prescription drug coverage.

Your costs will vary depending on which plan you choose. Your plan must, at a
minimum, provide you with a standard level of coverage. Some plans offer more
coverage or lower premiums.

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