HELPING YOU PUT TOGETHER YOUR MEDICARE PUZZLE
MBG IS AN INSURANCE BROKER AND IS NOT ASSOCIATED, ENDORSED, OR AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, OR THE CENTER FOR MEDICARE AND MEDICAID SERVICES (CMS)
Xarelto is a popular anticoagulant medication that has been a boon for those suffering from conditions like deep vein thrombosis, pulmonary embolism, and atrial fibrillation. While it’s a valuable part of many treatment plans, the cost can be a concern. This blog explores how Medicare helps make Xarelto more financially manageable.
What is Xarelto? 💊
Xarelto (rivaroxaban) is an oral anticoagulant that helps prevent the formation of blood clots. It works by inhibiting Factor Xa, an enzyme essential for blood clotting. Unlike traditional anticoagulants like warfarin, Xarelto doesn’t require regular blood monitoring, making it a convenient choice for many patients.
Financial Considerations 💰
The price of Xarelto can range between $400 and $600 per month without insurance, making Medicare’s role significant for affordability.
Xarelto and Medicare 📘
Generally, Xarelto is covered under Medicare Part D, the prescription drug benefit plan.
Drug Tiers and Co-payment 📊
Xarelto is often placed on a middle or higher tier in Medicare Part D formularies, implying that patients may face a higher co-payment compared to other anticoagulants.
Prior Authorization and Quantity Limits ⚠️
Be aware that some Medicare plans require “prior authorization” for Xarelto. Your healthcare provider will have to confirm that the medication is essential for your treatment. Additionally, there may be quantity limits, restricting the number of tablets you can obtain within a specific timeframe.
Supplemental Options 🛡️
Given the potential out-of-pocket costs, some people choose to supplement their Medicare coverage with Medigap or Medicare Advantage plans to offset any remaining expenses.
Xarelto has simplified the landscape of anticoagulant therapy, offering effective clot prevention with greater ease of use. While Medicare does extend coverage under Part D, understanding the intricacies of your specific plan can greatly aid in managing costs effectively.
The relationship between Xarelto and Medicare serves as a testament to the vital role that healthcare coverage plays in making essential medications accessible to the broader population. 🌟
MBG IS AN INSURANCE BROKER AND IS NOT ASSOCIATED, ENDORSED, OR AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, OR THE CENTER FOR MEDICARE AND MEDICAID