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May 27, 2013

Texas Medicare Part D

Texas Medicare Part D benefits are offered by several private insurance companies. Texas residents need to look into Part D benefits upon becoming eligible for Medicare. Medicare Part D benefits in Texas will help with your prescription drug costs. Understanding how Medicare Part D benefits in Texas apply to you is an important part of having quality Medicare drug coverage. When you become eligible for Medicare in Texas you will automatically be enrolled in Part A and Part B of Medicare but you will need to sign up for Part D benefits in most cases.

Texas Medicare Part D Benefits and Creditable Coverage

Upon becoming eligible for Medicare in Texas it is important to sign up for Part D benefits unless you have creditable drug coverage. If you fail to sign up for a Texas Medicare Part D plan you may have to pay penalties if you choose to sign up at a later date. The penalties for failure to sign up for Medicare Part D benefits will be waived if your existing coverage is as good as or better than Medicare Part D coverage in Texas. Your insurance company is required to send a notice each year informing you of whether or not your coverage is creditable to Texas Medicare Part D.

Comparing Texas Medicare Part D Plans

Choosing a Texas Medicare Part D plan that fits your circumstances is very important as there are many plans to choose from. Texas Medicare Part D plans are offered by private insurance companies so there are plans with different deductibles, copays and premiums. Before you choose a Medicare Part D plan in Texas you should determine your annual out-of-pocket expenses for prescription medications. Make sure the Texas Medicare Part D plan you select covers all of your prescriptions. You should consider the copays, deductibles and premiums of each plan to determine which Medicare Part D plan offers the most savings. You can compare Texas Medicare Part D plans by using the PlanPrescriber Medicare Part D plan comparison tool to find a plan in Texas that works for you.

How to Sign Up for Medicare Part D Plans in Texas

There are several ways to sign up for Medicare Part D plans in Texas. You can sign up for some Texas Medicare Part D plans offered online. You can also call the insurance provider, mail in a paper application or call to sign up depending on the Texas Medicare Part D plan you choose. When signing up for a Texas Medicare Part D plan you will need your original sign up date for Medicare Part A and Medicare Part B and the identification number on your Medicare card.

Extra Help with the Cost of Medicare Part D in Texas

You may be concerned about the cost of Medicare Part D plans in Texas. Fortunately there are several extra help programs designed to subsidize the cost of Medicare Part D plans in Texas for low income individuals. The Social Security Administration offers a Medicare Extra Help program that provides assistance with the payment of premiums, deductibles and copays for Medicare Part D benefits in Texas. If you do not meet the income requirements for the Extra Help program there are other Medicare Part D assistance programs in Texas. The Texas Department of Insurance has information on other programs designed to offer assistance with Medicare Part D costs. There are also programs offered by pharmaceutical companies to help with the cost of Medicare Part D in Texas.

Choosing a Medicare Part D plan in Texas is an important part of well rounded health care when it comes to Medicare. Upon becoming eligible for Medicare make sure to determine whether you have prescription drug coverage and sign up for a Part D plan in Texas if necessary.

Medicare has neither approved nor endorsed this information.