Medicare Part D (Prescriptions)

What is Part D?

Part D, also known as Prescription Drug Plan, is a plan managed by a private carrier that covers your medication needs, which Original Medicare does not cover on its own. There are two options for Part D:

Part D allows Medicare beneficiaries to simply pay a co-payment or a fraction of the prescriptions’ costs. You will have a separate insurance card specifically for Part D in addition to your Medicare insurance card. Medicare also tracks the total out-of-pocket costs you are spending each year. You are eligible if you have Medicare Part A or Part B and live in the service area for the plan.

Pros:

You can receive services anywhere that accepts Medicare.

Cons:

You are responsible for the costs that Medicare doesn’t cover, and there is no maximum out-of-pocket limit.

Downloadable Guide

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