If I Don’t Take Prescriptions, Do I Need A Medicare Drug Plan?





Seniors on limited incomes are feeling the effects of the economy just like everyone else today and are looking for ways to cut back on expenses. Medicare costs can add up when additional plans such as Medigap or Advantage plans are obtained. Many seniors who do not take many medications are wondering if they should opt out of Part D, the Medicare drug plan or other additional supplemental plans. There are pros and cons to this decision that should be considered thoroughly.

Medicare Prescription Drug Coverage

Medicare Part D is the coverage that pays for prescription drugs, both generic and brand names. This coverage offers wonderful assistance for seniors who require high costing drugs or large amounts of monthly maintenance medications. It also can provide costs for unexpected medications.

Who Is Eligible For a Prescription Drug Plan?

There are no qualifications for eligibility to sign up for the Medicare drug plan. Everyone is eligible regardless of resources, current prescriptions, health or income. There may be a penalty if individuals choose to sign up after their first eligibility and will have to wait until the next open enrollment period from November 15 through December 31 if they choose to sign up then.

Why Get A Medicare Drug Plan?

Seniors do have a choice in whether they want a Medicare drug plan or not, but if opting out of this coverage is done when first enrolling in Medicare it could cost a penalty with higher premiums if they need it later. Regular doctor visits are important and oftentimes seniors are required to take certain medications to maintain their health. For individuals who have limited income, they may qualify for additional help paying for their medications.



3 Responses to “If I Don’t Take Prescriptions, Do I Need A Medicare Drug Plan?”

  1. Do not want Part D as I am a vegen vegetarian, age 77 yrs and do not take medications, have never used it and do not want it continued. Spend these values on someone who really needs it.
    Beverly

  2. Kerry E says:

    I am not on any prescription drugs, I am 65 and think it is terrible that they would punish seniors for not taking a drug plan wether they need it or not, I am going to be punished financially if I do not take it, really they should be glad and celebrate that some people do not have to take medications.
    This is a ploy to get money, and again our decisions don’t really matter because you win one way or the other.

  3. Vivian Potts says:

    this terrible thing should be repealed