The new Medicare prescription drug coverage program was introduced in the year 2006. Since then, it is available for all the individuals that are having Medicare Part A and/or B. However, TRICARE is a comprehensive coverage program that is offering comprehensive health and medical care coverage to all the TRICARE-Medicare beneficiaries. Due to this reason, under most of the circumstances for individuals that are covered by TRICARE buying Medicare prescription drug coverage doesn’t add additional value.
TRICARE Pharmacy
TRICARE Pharmacy is a comprehensive and creditable health care coverage. Due to this benefit of TRICARE, individual that are already carrying TRICARE Medicare coverage are not required to get enrolled in a Medicare prescription drug program.
Who Can Enroll in Medicare Prescription Drug Plan?
It is a fact that majority of military personnel and their family members choose to have TRICARE due to its comprehensiveness and benefits. Such individuals don’t require buying additional health care coverage. However, in certain conditions, some individuals that are getting low income and possessing low assets can qualify for additional help with Medicare prescription drug program.
Factors to Consider for TRICARE Pharmacy & TRICARE Medicare
Eligible beneficiaries of TRICARE-Medicare that are entitled to the TRICARE Pharmacy coverage are required to take a variety of factors into consideration at the time of deciding whether they should get enrolled in a Medicare drug plan or not. These important factors include monthly premiums, co-pays, deductibles and drug coverage that is offered under a variety of prescription drug plan options that are being offered to beneficiaries including the TRICARE Pharmacy plan.
Benefits of Medicare Prescription Drug Plan
Medicare Prescription Drug Plan offers a range of benefits. Some of these benefits are as follows:
Get Additional Help for Medicare Coverage Expenses
Individuals can make most of the additional help programs that are available for those that are not capable of bearing costs associated with Medicare prescription drug plan. If your income is low and you have limited resources, then you can qualify for additional help that is available for the payment of Medicare prescription drug premiums, cost shares and deductibles.
Special Enrollment Period of Medicare Prescription Drug Plan
Another great advantage of getting enrolled in the Medicare Prescription Drug coverage is its special enrollment period. You can avail it if you get disqualified for TRICARE coverage for any reason like due to remarriage, divorce etc. The special enrollment period that is offered by the Medicare prescription drug plan starts from the day when you lose your TRICARE coverage. This special enrollment period lasts for at least 62 days from the day you lose your TRIAXCRE coverage.
Medicare Prescription Drug plan is another good option to add value to your TRICARE plan. However, it is strongly advised to you to understand the benefits that you can get from the Medicare Prescription Drug coverage.
