How to Lower your Part D Deductible

Should you spend more money on an enhanced Part D drug plan than a Basic Part D plan? While many people think that enhanced plans offer better coverage, you may want to be your own judge of that. In this video, we’ll give you a quick overview of the difference between Basic Part D plans and Enhanced Part D plans.

Start (00:00)
Federal guidelines for Part D plans (0:34)
Basic vs Enhanced Part D plans (0:47)
Enhanced Plan benefit #1- low deductible (1:42)
Enhanced Plan benefit #2- increase in initial coverage limit (2:05)
Enhanced Plan benefit #3- better coverage in donut hole (2:30)
Enhanced Plan benefit #4- coverage for excluded drugs (3:01)
Enhanced Plan benefit #5 - reduced cost-sharing (3:32)
Cons to an Enhanced Plan (3:50)

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[Flyboytr]

Thank you for the info and well presented video.

[stevarino]

Great Job...your videos are very helpful. Thank You,

[pattipetry]

I don’t use any daily prescription drugs now, so how can I determine the best Part D plan for me?

[markrunyon]

Your very knowledgeable and explain things clearly.I appreciate your video"s.--thanks for what you do!

[moistandsquishy]

what's your research on IHSS - in home supportive service?

[NancyJayABQ]

Can I change my part D insurance provider mid year?

[jackyreid]

How can you tell if it is a regular part d plan or an enhanced plan? Does the Medicare sight differentiate between the 2? Thank you.

[tedfisk]

Isn't it true that most people never get to the donut hole? I doubt that I would for the three drugs I take currently. Sounds like a basic Part D plan is the way to go, at least for me.

[TheBigGMan]

My mom is 67, never worked, is divorced, and in need of medicare but no ones helping her get enrolled and/or is rejected from getting it due to her never worked and putting money into SS. any advise?

[Miguel]

Did SilverScript raise their deductible for the 2021 year?