What is Medicare Part D 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.

Private companies offer Part D plans in accordance with Medicare guidelines.

Most Medicare Plan D members pay a monthly premium, which varies by provider. To participate in a Part D plan, you must live in the plan service area. Whether you select a stand-alone Part D plan or go with a Medicare Advantage plan, you must have Part A and/or Part B in order to join.

Read Next: How Medicare Part D Works?
Find Out: Common Medicare Part D Terms
Return to: Medicare Part D

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