Back
to Top

Compare Medicare Supplement Policies and Save Money!

Compare Medicare Supplement Prices

Medicare Supplement Options

Part D is the Medicare supplementary insurance plan for prescription drugs, initiated in May 2006. If you know your prescription expenses are higher than est. $2,000 before insurance is calculated, you must make sure that the Medicare supplemental Part D insurance plan you choose is the most beneficial.

With a wide variety of plans to choose from, it's easy to make a mistake. Once you order a Medicare supplemental Part D policy, you cannot change it for a year, so we suggest consulting with a Medicare insurance specialist prior to purchase.

Pitfalls in Medicare D Coverage

Drug plan will pay 75% of a beneficiary’s prescription drug costs after the initial $295.00 up to the value of $2,700.00 over the course of a year. After this threshold, the insured reaches the coverage gap, which means that they have to cover their own prescription drug expenses.

Once the Medicare recipient has spent $6,154.00, 95% of prescription drug costs are covered by Medicare. It is for this reason that the coverage gap is imaginatively referred to as the ‘donut hole.’

Supplement Your Lifestyle

Medicare D is the most popular Medicare supplemental plan for good reason. Of all Medicare beneficiaries, over a quarter reached the coverage gap; such is the average expenditure on prescription drugs today.

In doing so, they would have saved $2,025.00 each; a big saving when compared to the cost of a insurance plan. There’s no telling how much the average earning retiree’s life is improved by an extra two thousand dollars.

The estimates below show real estimated savings with the most basic of Medicare Supplements, once all deductions have been calculated.

  Medicare Supplemental Scenario One (A):

In this scenario, you have one medication un-insured

Total Annual Costs:
$1,500.00
Subtract $667.5 from $890
= $222.50
You Pay $222.50
Un-insured drugs
$360.00
Deductible + 250.00
Insured Portion
$1,140.00
Monthly (@ $35) + 420.00
Deductible
$250.00
Un-insured drugs + 360.00
75% Savings On $890.00 Total Annual Costs $1,252.50
Total Savings $667.50

Subtract $1252.50 from $1500... Your real savings = $247.50 or 16.5%

  Medicare Supplemental Scenario One (B):

In this scenario, you are fully covered

Total Annual Costs:
$1,500.00
Subtract $9377.5 from 1,250
= $312.50
You Pay $312.50
Un-insured drugs
$0.00
Deductible + 250.00
Insured Portion
$1,500.00
Monthly (@ $35) + 420.00
Deductible
$250.00
Un-insured drugs + 0.00
75% Savings On $1,250.00 Total Annual Costs $982.50
Total Savings $937.50

Subtract $982.50 from $1500... Your real savings = $517.50 or 35%

  Medicare Supplemental Scenario Two (A):

In this scenario, you have two medications un-insured

Total Annual Costs:
$3,000.00
Subtract $1,162.5 from 1,550
= $387.50
You Pay $387.50
Un-insured drugs
$1,200.00
Deductible + 250.00
Insured Portion
$1,860.00
Monthly (@ $35) + 420.00
Deductible
$250.00
Un-insured drugs + 1,200.00
75% Savings On $1,550.00 Total Annual Costs $2,257.50
Total Savings $1,162.50

Subtract $2,257.50 from $3,000... Your real savings = $742.50 or 24.7%

  Medicare Supplemental Scenario Two (B):

In this scenario, you are fully covered

Total Annual Costs:
$3,000.00
Subtract $1,500 from $2,000
= $500.00
You Pay $500.00
Un-insured drugs
$0.00
Deductible + 250.00
Insured Portion
$2,250.00
Monthly (@ $35) + 420.00
Deductible
$250.00
Un-insured drugs + 750.00
75% Savings On $2,000.00 Total Annual Costs $1,920.00
Total Savings $1,500.00

Subtract $1,920.00 from $3,000.00... Your real savings = $1,080.00 or 36%

Play it Safe

We work with a number of insurance providers and will recommend a quality Medicare insurance coverage that will meet your specific requirements.

Squeeze every dime from coverage by getting the most beneficial Medicare Supplemental insurance for your personal needs. If your annual prescription costs go beyond the initial coverage threshold, you may want to consider gap cover to avoid large out of pocket costs.

Our Specialist dealing in Supplementary plans from Medicare will be please to help you.