Medicare 101: How do I get drug coverage on Medicare?

Your beginner’s guide to Part D.

Medicare Part D

(Prescription Drug Coverage)

What is it?

Like Medicare Part C, Medicare Part D (sometimes called a Medicare Prescription Drug plan) is a private health insurance plan that you get through an independent insurance company. 

What does it cover?

Medicare Part D helps cover the cost of prescription drugs and medications (both generic and name brand) that aren’t covered by Medicare Parts A and B (Original Medicare)

Each Prescription Drug plan has a different list of covered medications based on your area of coverage. This is sometimes called a “formulary.” Typically, your formulary will place different drugs in different tiers, according to cost. Lower-tier drugs generally cost less, and higher-tier drugs generally cost more.

Who is eligible?

You’re eligible to enroll in a Medicare Part D plan if you:

  1. Are eligible for Medicare Part A, Part B, or both
  2. Live in an area where your insurance provider offers Medicare Part D plans

Remember: if you need extra help deciding which plan you should enroll in, you can always talk to a licensed Medicare agent for free, with no commitment required on your part. Just call 833-716-0673 today for help.

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