PART D PRESCRIPTION PLANS
WHAT IS A MEDICARE PART D
In short, the Part D Prescription Plan is a Medicare drug coverage program that helps to cover the cost of prescription medications. Once enrolled in a Medicare plan, you will automatically be offered the opportunity to enroll in a Part D plan. If you choose not to enroll when you are first eligible, and you don't have other prescription drug coverage, you will likely pay a late enrollment penalty if you join a plan later. Every plan varies in cost and specific coverage.
HOW DO I GET A PART D
THERE ARE TWO WAYS TO GET A MEDICARE DRUG PLAN:
Stand-alone drug plan—These plans add drug coverage to Original Medicare, some Medicare Cost Plans, some Private Fee‑for‑Service Plans (PFFS), and Medical Savings Account Plans. You must have Medicare Part A and/or Medicare Part B to join.
Medicare Advantage Plan (Part C) or other Medicare health plan with drug coverage. You receive your Part A, Part B, and drug coverage through these plans.
You MUST have Part A and Part B to join a Medicare Advantage Plan; however, not all of these plans offer drug coverage.