Medicare Part D

Medicare’s Prescription Drug Plan (PDP) program – Part D – is optional.

However, if you do not enroll in a PDP when you become eligible, you may be charged a late enrollment penalty if you decide you want this coverage later.

Criteria for joining a Prescription Drug Program are:

  • Must have Part A and Part B coverage
  • Live in the plan service area
  • Live within the United States

Prescription Drug Plan coverage is also available to you as a stand-alone Part D plan, which can be added to your Original Medicare coverage.

Read more about Medicare Part D:

Medicare Part D FAQ’s

Is There Any Payment Help for My Prescription Drug Costs?

If your income and assets are below a certain level, you may qualify for Extra Help, also known as Low-Income Subsidy (LIS), a federal assistance program that helps pay for prescription drug costs. How much you pay for your prescription drugs and monthly premium...

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When Do I Sign Up for Part D Prescription Drug Plans?

In order to sign up for Part D, you must already be enrolled in Medicare Part A (hospital insurance) or Part B (medical insurance) and live within the plan’s service area. You can sign up for Part D for the first time during: Your Initial Enrollment Period (IEP). The...

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What Are the Phases for the Part D Prescription Drug Plans?

Throughout the year you may notice that you are paying different amounts for your drugs. This is because Part D plans have coverage phases throughout the year, during which you pay different amounts for your covered prescription drugs. These coverage phases are: The...

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What Are the Part D Prescription Drug Plan Costs?

There are a number of costs associated with your Part D plan. You may have a monthly premium, an annual deductible, and coinsurance amounts or copayments for your covered drugs. A premium is an amount you pay monthly to have coverage. In 2020 the national average Part...

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Are Vaccines Covered by Part D Prescription Drug Plans?

Yes. Part D plans must include all commercially available vaccines on their formularies, such as the Shingles Vaccine. The Part D Prescription Drug Plan pays for the vaccination itself and for your doctor or other health care provider to give you the shot. Exception:...

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What Is the Medicare Part D Coverage?

Medicare Part D Prescription Drug Plans (Part D) cover outpatient prescription drugs. Each Part D plan has its own formulary, which is a list of drugs that a plan covers. The law requires all Part D plan formularies to include at least two drugs in most categories—or...

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How Does the Medicare Plan Finder Work?

The Medicare Plan Finder is an online tool that helps you look up and compare plans in your area. To access the Medicare Plan Finder, visit www.medicare.gov. Plan Finder gives you the option to do either a personalized search or a basic search.  The personalized...

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What is the Medicare Prescription Drug Plan?

According to the Kaiser Family Foundation, prescription drugs are a part of the care plan for 59 million seniors and people with disabilities. What’s more, the drugs account for $1 of every $6 in Medicare spending. Most Medicare Plan D members pay a monthly premium,...

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How Medicare Part D Works

We suggest you select a PDP when you are eligible, even if you do not currently take any prescription medications. There are two reasons:If you fail to sign up for Medicare prescription drug coverage when you first become eligible, unless you have what...

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Common Medicare Part D Terms

Formulary A formulary is a list of medications covered by a prescription drug plan. It usually includes tiers, or levels, of coverage based on how much the drugs cost. In general, the higher the drug price, the more the plan member must contribute to its purchase....

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