Find the Right Prescription Drug Coverage
Medicare Part D plans help cover the cost of medications, and plan details can vary based on your prescriptions and pharmacy.
Medicare Part D plans help cover the cost of prescription medications and are offered by private insurance companies approved by Medicare. These plans can be added to Original Medicare or may be included as part of a Medicare Advantage plan.
Key Features of Medicare Part D Plans
Prescription drug plans can differ in covered medications, pharmacy access, and overall costs, so it is important to compare options carefully.
Coverage for Prescription Medications
Each plan has a list of covered drugs, known as a formulary. Coverage can vary between plans, so it is important to review whether your medications are included.
Monthly Premiums and Cost Sharing
Medicare Part D plans typically include a monthly premium along with other costs such as deductibles, copayments, or coinsurance. These costs vary depending on the plan you choose.
Pharmacy Networks
Plans may use preferred pharmacy networks, which can affect how much you pay for your prescriptions. Using in-network pharmacies may help reduce your out of pocket costs.
Annual Plan Changes
Medicare Part D plans can change from year to year. This may include changes to premiums, covered medications, and pharmacy networks. Reviewing your plan annually can help ensure it continues to meet your needs.
Disclaimer
Plan availability, benefits, and costs vary by location and carrier. Not all plans offer all benefits.
We are not affiliated with or endorsed by the government or the federal Medicare program.
We do not offer every plan available in your area. Currently we represent multiple organizations which offer a variety of products in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Let’s Review Your Prescription Drug Plan Options
If you would like help comparing Medicare Part D plans based on your prescriptions and pharmacy preferences, we can walk through the available options with you.
Schedule a Time to Talk