Medicare Part D Prescription Drug Plans come under Federal Regulation rather than Georgia Regulation
With a May 15 deadline to join a Medicare Part D Prescription Drug Plan offering coverage for 2006, many Georgians have contacted our Office to inquire about the plans. We would like to clarify that these Medicare Part D plans, offered in Georgia and elsewhere across the U.S., are filed with and approved by officials within the federal government.
We recognize that there is a considerable level of misunderstanding among seniors and their families about how these Medicare Part D plans are organized and regulated.
Though these plans are sold on an individual basis by a number of different entities, many of which are licensed insurance companies, Medicare Part D Prescription Drug Plans are not subject to state law and regulation.
The best official, independent and unbiased information on these Medicare Part D stand-alone plans is available through the Medicare website: http://www.medicare.gov/pdphome.asp or through Medicare’s toll free phone number, 1-800-MEDICARE, which is available seven days a week, 24 hours a day.
As always, we in the Office of Commissioner of Insurance want to help serve the needs of Georgians in all their insurance related matters. And while we can help explain some general aspects of Medicare Part D as they relate to the authority we have over insurance products and insurers in Georgia, the federal government is still your best source for detailed information. We ask that you please continue to contact us about any of your insurance needs from anywhere in Georgia at 800-656-2298, or 404-656-2070 locally in Metro Atlanta.