Cost of Jardiance with Medicare: How NewMedicare Can Help
Are you struggling to afford your prescription Jardiance Medicare cost? NewMedicare is here to help! In this comprehensive guide, we’ll walk you through Jardiance coverage Medicare you need to know about how NewMedicare can make Medicare diabetes medication cost easier for you to afford this life-saving medication. Say goodbye to the high cost of Jardiance with Medicare and hello to better health with the help of NewMedicare!
Introduction to Jardiance and its Benefits
Jardiance, also known as empagliflozin, is a prescription medication used to treat type 2 diabetes. It belongs to a class of drugs called SGLT2 inhibitors and works by helping the kidneys remove excess sugar from the body through urine.
This medication has been approved by the U.S. Food and Drug Administration (FDA) since 2014 and has gained popularity among doctors and patients due to its effectiveness in managing blood sugar levels. In fact, Jardiance has been shown to lower A1C levels (a measure of long-term blood sugar control) by up to 1%, which is significant for people with diabetes.
But what sets Jardiance apart from other medications for diabetes? Let’s take a closer look at some of its benefits:
1. Lower risk of cardiovascular events: One of the most significant benefits of Jardiance is its ability to reduce the risk of heart attack, stroke, or death from cardiovascular causes in people with type 2 diabetes. This was proven in a landmark clinical trial called EMPA-REG OUTCOME, where it was found that taking Jardiance reduced the risk of major adverse cardiovascular events by 14%.
2. Weight loss: Weight management can be challenging for people with type 2 diabetes, but studies have shown that Jardiance may help with weight loss. This is because it works by increasing glucose excretion through urine instead of storing it as fat in the body.
3. Improved kidney function: Diabetes can cause damage to the kidneys over time, leading to chronic kidney disease or even kidney failure. However, research has shown that taking Jardiance can slow down this progression and improve overall kidney function.
4. Convenient once-daily dosing: Unlike some other medications for diabetes that require multiple doses throughout the day, Jardiance is taken once daily in pill form. This makes it easier for people to stick to their medication regimen and improve their overall blood sugar control.
5. Affordable with NewMedicare: Jardiance can be an expensive medication, especially for those without insurance coverage or on a tight budget. However, with the help of NewMedicare, you can save significantly on your prescription costs and make this life-changing medication more affordable.
Understanding the Cost of Jardiance with Medicare
As we discussed earlier, Jardiance is a prescription medication used to treat type 2 diabetes. It belongs to a class of drugs called sodium-glucose co-transporter 2 (SGLT2) inhibitors. Like any other prescription medication, Jardiance comes at a cost and can be expensive without insurance coverage.
Fortunately, if you are enrolled in Medicare, you may have some coverage for Jardiance. In this section, we will break down the cost of Jardiance with Medicare and help you understand how NewMedicare can assist you in affording this medication.
Original Medicare (Part A and Part B) does not cover prescription medications like Jardiance unless they are administered in an inpatient hospital setting. However, there are two ways to get prescription drug coverage through Medicare:
1. Medicare Part D: This is the standalone prescription drug plan that can be added to Original Medicare or included in a Medicare Advantage plan.
2. Medicare Advantage: These plans combine the benefits of Original Medicare (Part A and Part B), including prescription drug coverage.
If you have opted for either of these options, your out-of-pocket costs for Jardiance will depend on several factors, such as your specific plan’s formulary list (a list of covered drugs), copays/coinsurance amounts and whether or not you have reached your deductible.
In general, brand-name medications like Jardiance tend to fall under higher tiers on formulary lists, which means they have higher copays/coinsurance amounts compared to generic drugs or lower-tiered brand-name medications.
It’s essential to check your plan’s formulary list or speak with a representative from your insurance provider.
This is where NewMedicare comes into play – our team of experts is well-versed in understanding different insurance plans and can assist you in finding a plan that covers Jardiance at the most affordable price. Our services are entirely free, and we can help you save money on your prescription medication costs.
In addition to Medicare coverage, there are also patient assistance programs available for those who qualify. Jardiance’s manufacturer, Boehringer Ingelheim Pharmaceuticals Inc., offers a program called BI Cares Patient Assistance Program that provides eligible patients with free medication or financial assistance for their prescriptions.
Understanding the cost of Jardiance with Medicare can be a bit complex, but with the right guidance from NewMedicare and utilizing resources like patient assistance programs, you can afford this essential medication to manage your type 2 diabetes.
What is NewMedicare and How Does it Work?
NewMedicare is a government program that provides health insurance coverage for individuals who are 65 years old and above, as well as those with certain disabilities or end-stage renal disease. It was created in 1965 under the Social Security Act to ensure that seniors and people with disabilities have access to affordable healthcare.
In addition to Parts A and B, there are also two other options within NewMedicare – Part C (also known as Medicare Advantage) and Part D (prescription drug coverage). Medicare Advantage plans are offered by private insurance companies approved by Medicare. These plans provide all the benefits of Parts A and B with added benefits such as vision, dental, hearing coverage, fitness programs, etc. Meanwhile, Part D helps cover the cost of prescription drugs not covered by Parts A or B.
So, how does NewMedicare work? First off, most individuals become eligible for NewMedicare when they turn 65 years old. They can then enroll during their Initial Enrollment Period which begins three months before their birthday month until three months after their birthday month. For example, if your birthday is on June 15th, your Initial Enrollment Period would be from March 1st to September 30th.
If you missed enrolling during your Initial Enrollment Period or didn’t qualify due to certain circumstances (e.g., still working with employer-provided health insurance), there’s another chance to enroll during the General Enrollment Period, which runs from January 1st until March 31st every year.
Once enrolled in NewMedicare, individuals have the option to add on Part D (prescription drug coverage) or a Medicare Advantage plan. They also have the choice to switch from Original Medicare (Parts A and B) to a Medicare Advantage plan during the Annual Election Period, which runs from October 15th to December 7th each year.
NewMedicare is a government health insurance program that provides coverage for seniors and people with disabilities. It has different parts, including hospital insurance (Part A), medical insurance (Part B), and optional plans such as Medicare Advantage (Part C) and prescription drug coverage (Part D). Eligibility for NewMedicare starts at age 65, and there are specific enrollment periods for initial sign-up or changes in coverage. Understanding how NewMedicare works can help individuals make informed decisions about their healthcare needs.
How NewMedicare Can Help You Afford Jardiance
Jardiance is a popular medication used to treat type 2 diabetes. It helps control blood sugar levels and reduces the risk of developing serious complications associated with diabetes. However, like many other prescription medications, Jardiance can be expensive for individuals on a fixed income or those without adequate insurance coverage. This is where NewMedicare comes in – a government program designed to help seniors and individuals with disabilities afford their healthcare needs.
One of the primary ways that NewMedicare can help you afford Jardiance is through its Part D prescription drug coverage. Part D plans are offered by private insurance companies approved by Medicare and provide coverage for prescription drugs, including Jardiance. These plans have varying premium costs, copays, and deductibles depending on the specific plan chosen. With NewMedicare’s Part D coverage, you may be able to significantly reduce your out-of-pocket expenses for Jardiance.
In addition to Part D coverage, NewMedicare also offers Extra Help or Low-Income Subsidy (LIS) programs for those who meet certain income and asset requirements. This assistance program helps cover some or all of the costs associated with Medicare Part D premiums, deductibles, coinsurance, and copayments. If you qualify for Extra Help, you may not have to pay more than $3.70 for each generic drug or $9.20 for each brand name covered under your plan.
Another way that NewMedicare can help make Jardiance affordable is through its Medicare Savings Programs (MSPs). These programs provide financial assistance with premiums, deductibles, coinsurance payments, and copayments for Medicare beneficiaries who have limited income and resources. Depending on your eligibility status, these programs may cover some or all of your out-of-pocket expenses for Jardiance.
Furthermore, if you are enrolled in Original Medicare (Part A & B), you also have access to Medigap plans offered by private insurance companies. These plans provide additional coverage for out-of-pocket expenses such as deductibles, copayments, and coinsurance. Some Medigap plans may also cover prescription drugs, including Jardiance.
NewMedicare offers a variety of programs and options to help you afford Jardiance. Whether it’s through Part D coverage, Extra Help/LIS programs, MSPs, or Medigap plans, there are various ways to reduce your out-of-pocket expenses for this important medication. It is essential to review your eligibility status and compare different plan options to find the one that best fits your needs and budget. With NewMedicare’s assistance, you can have peace of mind knowing that you can afford the necessary medication to manage your diabetes effectively.
Tips for Getting the Best Coverage for Jardiance with NewMedicare
As a Medicare beneficiary, you may be eligible for coverage of prescription medications like Jardiance through your Medicare Part D plan. However, navigating the complexities of Medicare can be overwhelming and finding the best coverage for your specific needs can seem like a daunting task. Fortunately, NewMedicare is here to help. Here are some tips to ensure that you get the best coverage for Jardiance with NewMedicare:
1. Understand Your Plan Options:
Before enrolling in a Medicare Part D plan, it’s important to understand the different options available to you. There are two types of plans – standalone prescription drug plans (PDPs) or Medicare Advantage plans (MA-PDs) that include prescription drug coverage.
2. Consider Your Out-of-Pocket Costs:
When comparing plans, it’s important to consider not only the monthly premium but also any potential out-of-pocket costs such as deductibles, copayments, and coinsurance. These costs can vary significantly between plans and can greatly impact your overall expenses for Jardiance.
3. Utilize Medication Therapy Management Programs:
NewMedicare offers Medication Therapy Management (MTM) programs as part of their benefits package, which provides personalized support from pharmacists who will review all your medications, including Jardiance, and identify any potential issues or cost-saving opportunities.
4. Check for Patient Assistance Programs:
Jardiance offers a patient assistance program called “Janssen CarePath,” which provides financial assistance to eligible patients who have difficulty affording their medication.
5. Review Your Coverage Yearly:
It’s important to review your current coverage every year during the Annual Election Period (AEP), which runs from October 15th to December 7th. During this time, you can make changes to your coverage if needed to ensure that you are still getting the best coverage for Jardiance.
6. Seek Professional Help:
If you find yourself overwhelmed with navigating Medicare and finding the best coverage for Jardiance, don’t hesitate to seek help from a licensed insurance agent. They can provide unbiased information and assistance in selecting the right plan for your needs.
Conclusion
NewMedicare is a valuable resource for those looking to afford Jardiance medication. With its comprehensive coverage options and cost-saving measures, it can significantly reduce the financial burden of managing type 2 diabetes. Here are some key factors that make NewMedicare the ideal choice for individuals in need of Jardiance:
1. Extensive Coverage Options:
NewMedicare offers a range of plans, including Part A (hospital insurance), Part B (medical insurance), and Part D (prescription drug coverage). These plans cover different aspects of healthcare, ensuring that your needs are met comprehensively.
2. Affordable Premiums:
One significant advantage of choosing NewMedicare is its affordable premiums. The government heavily subsidizes these plans, making them accessible to people from all walks of life. Additionally, there is no requirement for medical underwriting or pre-existing condition exclusions, which means you can enroll regardless of your health status.
3. Prescription Drug Coverage:
As mentioned earlier, NewMedicare offers prescription drug coverage through its Part D plan. This means that Jardiance will be covered under this plan, reducing the out-of-pocket costs associated with purchasing this medication.
4. Annual Out-of-Pocket Maximum:
Another essential feature of NewMedicare is the annual out-of-pocket maximum limit on expenses related to Medicare-covered services and medications. Once you reach this limit, you will not have to pay any more out-of-pocket costs for the remainder of the year.
5. Supplemental Plans:
For those who require additional coverage beyond what traditional Medicare provides, there are supplemental plans available through private insurance companies that work in conjunction with Medicare. These plans can help cover deductibles, copayments, and other out-of-pocket costs associated with Jardiance.
6. Cost-Saving Programs:
NewMedicare also offers various cost-saving programs, such as extra help for low-income individuals and the Medicare Savings Programs. These programs can help further reduce the out-of-pocket costs associated with Jardiance and other medical expenses.
NewMedicare is a comprehensive and cost-effective option for individuals seeking to afford Jardiance medication. Its various coverage options, affordable premiums, prescription drug coverage, annual out-of-pocket maximum, and supplemental plans make it an ideal choice for those managing type 2 diabetes. Additionally, the cost-saving programs offered by NewMedicare provide further assistance to those in need. So, if you or a loved one requires Jardiance or any other medication for type 2 diabetes management, consider enrolling in NewMedicare for a more affordable and worry-free healthcare experience.
If you’re over the age of 65 years and want to learn more about Medicare Plan, please visit Newmedicare.
About Steven Fahey
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