Prescription coverage can change year to year. FCIS promise to you is we review your options annually because
FCIS knows the importance a drug change can mean to you.
Prescription Drug Plans (Part D)
Part D of Medicare is Prescription Drug Coverage. You have two options when obtaining this coverage, stand-alone or within an MAPD (Medicare Advantage Prescription Drug) Plan. Both types of plans are offered by insurance carriers and regulated by Medicare. Medicare outlines the dollar amounts for maximum deductibles, and the costs associated with the coverage gap. Each plan determines their specific formulary, or list of drugs covered, their medication tiers and the cost to you of each medication in the specific tiers.
There are many different companies that sell Part D coverage in Wisconsin. Which is best to fit your needs? FCIS will help you determine that by looking at your current medication and using a sophisticated computer program to determine the best fit for you. The Annual Open Enrollment Period for Part D begins October 15-December 7. This is the time to review your upcoming drug insurance needs. FCIS promise to you is to contact you annually and review your options. We care and it shows.
Q. How much does Medicare cost?
There is no premium for Medicare Part A for most people. The premium for Medicare Part B for 2023 is $164.90 per month for most people. However, if your income is greater than $97,000 for an individual or $194,000 for a married couple filing jointly, your premium could be higher. If you are drawing social security, the premium will be deducted from your social security check. If not, you will receive a quarterly bill.
Q. When can I change my Prescription Drug Plan?
You can only make changes to your plan during the Annual Enrollment Period for Part D plans. This begins October 15 - December 7, each year. FCIS will contact you in September each year for an updated prescription list to review the new plans and premiums based on your current prescription list to recommend a switch in plans for the upcoming year or stay with the current plan. FCIS cares for you and it shows.
We do not offer every plan available in your area. Currently we represent 13 organizations which offer 120 products in our service area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Assistance Program (SHIP) to get information on all of your options.
Have questions about your options?
Contact FCIS today to see how we can help fill the gap and provide the best prescription coverage designed for you.
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At FCIS, we take pride in sharing the wealth of our insurance knowledge. We want to empower you to understand your insurance plan. We represent the nation's top rated insurance companies within the five state area - so we offer the best in our product. We believe that insurance can be accessible with the right support, and our service is top-notch. No question is too small or complicated.