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Part D Insurance
Humana Part D

Licensed Medicare Part D agents represent virtually every insurer in the United States. No one knows the rules and regulations of the Medicare industry better than the local insurance agent.

Medicare Insurance Plans

Aetna Medicare Part D

About Medicare Part D

What You Should Know About Aetna Medicare Part D

Many of those who have Medicare are finding that the healthcare program really doesn’t cover the whole breadth of healthcare costs, which why there is such a thing as Medicare supplement insurance or what people call Medigap. Apart from shouldering the costs that the original Medicare program does not cover, Medigap cover some of the costs that the original Medicare program covers.

If you have the original Medicare program, you can always supplement your policy with a Medigap plan. There are many private insurance companies that offer them like the Aetna or American Association of Retired Persons.

There are around seven million people who have the Aetna brand of health insurance, including Part D coverage and Medigap. Such is the popularity of Aetna insurance, the organization earns so much from selling insurance to its members than by collecting membership dues.

It’s hardly a surprise that ARA got into the Medicare business, having influenced congress when passing the Medicare Prescription Drug Improvement and Modernization Act, which established Part D of Medicare. It is expected that ARP will soon become the leading provider of Medicare products, including Health Maintenance Organizations (HMOs) as part of a partnership with United Healthcare.

ARA will also offer PPOs, and a combined product with an HSA (Health Savings Account)for over 50’s as part of a partnership with AETNA. These additions to ARA’s current plans are expected to increase their customer base to around 15 million by the year 2014. Remember that ARA is not an insurance provider, more a brand for insurance products which is paid on a commission basis. It does not pay out for insurance claims.

More about Part D of Medicare

Medicare started selling Part D plans in 2006. It is widely considered that Part ‘D’ stands for ‘drugs’ although there was an initial running joke that D stood for ‘disaster’ due to a relatively low number of people who bought a plan as compared to the number of people who were eligible for the plan. These numbers have now increased steadily with each successive year and Medicare D can be considered one of the most useful Medicare supplemental products.

Low turn out, however, has no deterred brand names like Aetna or Humana from offering Part D coverage on their health insurance programs. Part D coverage is not a stand-alone policy. When you opt for this coverage you need to have a main Medicare plan that offers Part D coverage. So, out on the market you will see MA-PD plans or Medicare Advantage Plans with Prescription Drugs. But you can also enroll in Part D if you have a PDP or a Prescription Drug Plan.

There is never a lack of Part D products. In fact, across the United States there are places with 100 Part D plans that are being offered by 50 providers. Across all Part D plans, the plans are basically the same. The only difference is the coverage amount and the list of drugs that are covered.

However, under the Medicare program, all Part D plan providers must exclude certain drugs, including barbiturates, cough suppressants, and benzodiazepines. Recipients of Medicaid stand on a point of advantage –Medicaid pays for drugs that Part D does not cover.