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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

Prescription Drug Plan Rates: 2012 and 2013 Compared

Medicare Insurance Rates

Those who have an existing insurance policy and are dissatisfied with the rates and/or service can enroll in a new policy as of October 1, 2013. During this time, known as the 'open enrollment period', you can expect insurance salesmen to do a hard sell on the new Part D plans available for 2014.

You can start enrolling yourself in a new plan within the enrollment period from November 15, 2013 to December 31, 2013.

Of course, you can always stick to your old plan and not have to elect a new plan, but what can we expect from the 2014 Part D? In two words: changed rates.

2012 Prescription Drug Plan

The standard benefits of the 2014 Part D can be summed up here:

 Annual Deductible:
 Maximum annual out of pocket:    
 Co-payment for generic drugs:  
 Co-payment for covered branded drugs   





2013 Part D Insurance Coverage

As can be expected, the 2013 Medicare Part D has a general increase in the figures. Here we can see an average as to just how much they have changed:

 Annual Deductible:
 Maximum annual out of pocket:    
 Co-payment for generic drugs:  
 Co-payment for covered branded drugs   




Take note that the figures indicated above are only the standard benefits, and benefits may vary from plan to plan.

Your Insurance Plan, Your Choice

It’s entirely up to the customer to decide which plan suits them best. If you’re content with your 2013 insurance plan, and you are happy with the rates, you can by all means renew your enrollment in the plan. If you are not content with your plan, then you can elect a new plan under the terms of the 2014 Part D Medicare. Here are a few things to consider, prior to purchase.