Optima Insurance Agency

6606 W. Irving Park Rd.  Suite 2

Chicago, IL 60634 

Phone: 708 669 7222

Original Medicare does not cover prescription drugs (those you buy in a pharmacy). Therefore you should get a separate Prescription Drug Plan (Part D). Such plans are offered through private insurance companies, for example Aetna, United Healthcare etc. All the plans have to meet certain standards, however they can differ considerably in regards to their formularies (the drug lists) and in how they cover particular medications. They also vary in monthly premiums (the lowest premium plan in the Chicago area is $14.50, the highest is $130.60). 

Before you purchase a Prescription Drug Plan you should do a drug analysis to see how much you would have to pay for your particular medications with a given plan. We can provide the drug analysis for you so you will know the costs of your medications and your plan for the entire calendar year.

You can change your Prescription Drug Plans every year during the Annual Enrollment Period (from October 15th to December 7th) and under special circumstances (for example when you move to a different service area). 

If you don't have a Prescription Drug Plan or other creditable coverage you may owe a late enrollment penalty which will stay on your account indefinitely.  

Please note that if you have Medicare Advantage insurance, you most probably don't need a separate Prescription Drug Plan. Medicare Advantage plans usually cover medications. 

Please call our agency for more information. We offer a variety of Medicare Prescription Drug plans. We will conduct a drug analysis for you and we will help you get the right plan for your needs.