Medicare Drug Plan

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Medicare Drug Plan (Part D)

Why is it Important?

Medicare Part D (sometimes referred to as Medicare Drug Plan) is an important part of your Medicare coverage line-up. Generally Medicare does not cover prescription medications unless you enroll into a Medicare Part D plan.

Private insurance companies approved by Medicare offer these plans. Monthly plan cost (premiums) and drug costs vary by company – some even offer different pricing when using one of the insurance company’s preferred pharmacies. Every plan has its own drug formulary which is the list of covered medications; this list sets the price for each drug.

There are two ways to receive Medicare prescription drug coverage (Part D). You could choose (1) a standalone Part D plan sometimes referred to as PDP (Prescription Drug Plan) or (2) a Medicare Advantage plan that includes Part D coverage.

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Medicare Drug Plan - Additional Information

An closer look into Medicare Drug Plan (Part D).

In order to qualify for a Medicare Part D plan, you must:

  1. Have Medicare Part A and/or Part B
  2. Live in the plan’s service area.

 

Plan premiums (monthly plan cost) and coverage vary greatly so it is important to consult with your Smart Insurance Solutions® agent in order to find a plan that will best meet your needs.

Plans may change year to year so we conduct an annual plan review for our clients each annual enrollment period which is October 15th through December 7th.

Enrollment in a Medicare Part D plan is not required but you may incur a late enrollment penalty (LEP) if you do not enroll when you are first eligible. The penalty accumulates each month you do not have creditable drug coverage and does not stop accumulating until you enroll. The penalty is then added onto your drug plan cost every month for the rest of your life (certain exceptions may apply).

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Our Team

Get to know the superstars at Smart Insurance Solutions®

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Jodie Enenbach-Moreno
Agency Owner
License #8653599

Jodie Enenbach-Moreno, owner of Smart Insurance Solutions, first became a licensed insurance agent in 2005 while working at Mutual of Omaha. Enenbach then moved on to work for Blue Cross Blue Shield of Nebraska in service, sales and marketing until 2013 when she opened her independent agency.

Recently Jodie obtained the professional designation of Certified Medicare Insurance Planner which requires a minimum of 10 years of applicable experience and knowledge while maintaining the highest ethical standards.

Jodie loves working with the local community and spends time year-round collaborating with insurance company reps, medical and pharmaceutical providers and community groups in order to promote better outcomes through education and teamwork.

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Rebecca ‘Becky’ Rosales
Licensed Agent / Operations
License #19938442

Licensed Agent & Operations. Becky has been with Smart Insurance Solutions® for over 4 years and is a wonderful asset to the team.

She supports the agency in customer service, bookkeeping and insurance sales. Becky is from Omaha and has decades of support and leadership experience

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Stephanie Waszgis
Medicare Service & Support Associate

Stephanie joined Smart Insurance in 2022 and is our newest addition. She previously worked for Preferred Marketing Associates, our contracting and compliance partner at the NW Omaha location.

Stephanie managed the Medicare support desk for 4 years at PMA and will continue in a similar capacity at Smart Insurance.

Prior to PMA, Stephanie worked in administrative assistance and as office manager of a dental office. We are glad to have her join us!

Lizeth Montanez Fajardo
Lizeth Montañez Fajardo
Front Desk / Office Support

Lizeth joined the Smart Insurance Solutions team in 2022 and supports the front desk area. Prior to joining our team, she most recently worked in a hospital setting helping folks in Iowa and Nebraska with Medicaid eligibility.