Medicare Drug Coverage (Part D)
Medicare drug coverage (Part D) is optional prescription drug coverage. Medicare drug coverage (Part D) is available as a separate plan through Medicare-approved private insurance companies or as part of a Medicare-approved Medicare Advantage plan (referred to as a Medicare Advantage Prescription Drug plan). If you decide not to get coverage when you’re first eligible and you don’t have other creditable prescription drug coverage (like drug coverage from an employer or union) or get Extra Help, you’ll likely pay a late enrollment penalty if you join a plan later. Generally, you’ll pay this penalty for as long as you have Medicare drug coverage (Part D). Each plan can vary in cost and specific drugs covered.
LEARN MORE about Medicare drug coverage (Part D).
If you have limited income and cannot afford your medications even though you receive Medicare drug coverage (Part D), you may be eligible for the Extra Help (also called the “Low Income Subsidy” program. Learn how you can qualify and apply for this program.
We encourage everyone who has Medicare Drug Coverage (either as part of a Medicare Advantage Prescription Drug plan or as stand-alone drug coverage) to review how their plan will cover their medications for the next year. The Inflation Reduction Act of 2022 requires significant changes to the design of 2025 Part D plans, and it’s particularly important for Medicare beneficiaries to learn how their existing plan will work for them in 2025 and to determine if they would benefit by changing plans.
Call us at 561-734-3884 or email us at pmcholak@gmail.com starting October 1 (but before the annual enrollment period ends on December 7) for help in reviewing your drug coverage and for help in enrolling in different coverage if you decide you should make a change for 2025.
Note: we are not affiliated with or endorsed by any government entity or agency. We do not offer every plan available in your area. Currently we represent 19 organizations which offer 8 products in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY: 1-877-486-2048) 24 hours a day, 7days a week, or your local State Health Insurance Program (SHIP) to get information on all your options.