Medicare Part D
Prescription drug coverage to help lower your costs
What is Medicare Part D?
Medicare Part D adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for-Service Plans, and Medicare Medical Savings Account Plans. These plans are offered by insurance companies and other private companies approved by Medicare.
How Part D Works
1. Choose a Plan
Select a Part D plan based on the drugs you take and your budget.
2. Pay Monthly Premium
Most plans charge a monthly premium in addition to your Part B premium.
3. Coverage Phases
Part D has different coverage phases including deductible, initial coverage, and catastrophic coverage.
4. Use Preferred Pharmacies
Get better prices by using pharmacies in your plan's network.
What Part D Covers
- 💊At least 2 drugs in each drug category
- 💊All commercially available vaccines (recommended by the Advisory Committee on Immunization Practices)
- 💊Brand-name and generic prescription drugs
- 💊Drugs on the plan's formulary (list of covered drugs)
Important to Know
If you don't join a Part D plan when you're first eligible, you may pay a late enrollment penalty if you join later, unless you have other creditable prescription drug coverage.
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