What is Medicare?

Medicare is federal health insurance. It is primarily for America’s seniors, but also some people under age 65 with certain disabilities and those of any age with end-stage renal disease (ESRD).The Centers for Medicare & Medicaid Services (CMS) administers the...

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 Medicare...

Common Medicare Part D Terms

Formulary A formulary is a list of medications 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...

Medicare Part D Coverage Gap (Donut Hole)

This term refers to the gap in coverage by prescription drug plans that occurs when the member and the plan have each contributed a set amount outlined in the plan for the medications that it covers. Some people will not experience the gap because the costs of their...