MEDICARE PART D

Medicare Part D is prescription drug coverage offered by private insurance companies. Original Medicare, Parts A and B, generally does not include coverage for most prescription medications picked up at a pharmacy and taken at home.

Each Part D plan has its own formulary, premium, pharmacy network, and cost-sharing structure. Formularies and plan details can vary, so it is important to review whether a plan includes your medications, dosages, and preferred pharmacy before enrolling.

Part D plans may include different coverage stages. Costs and coverage can vary depending on the plan, the medications taken, and the coverage stage. Individuals who delay enrolling in Part D after becoming eligible may be subject to a late enrollment penalty, depending on their circumstances.