Medicare Prescription Drug Plans

Medicare Part D offers prescription drug coverage to Medicare beneficiaries. One of the goals of Part D coverage is to provide beneficiaries with lower prescription drug costs. This prescription drug coverage is provided by private companies that have been approved by Medicare. Part D coverage allows Medicare beneficiaries more access to the medically necessary medication that they need.

Beneficiaries pay a monthly premium for this coverage, and Part D plans do vary in cost. The medications covered by each plan may vary as well. Part D may be added to the Original Medicare Plan (Part A and Part B) and Medicare Supplement plan (Medigap) policies. Most Medicare Advantage Plans already have Part D coverage. Medicare Part D enrollment periods

Medicare Part D Rates

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Annual Enrollment Period October 15 – December 7