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What is a Medicare Prescription Drug Plan?


Part D-Medicare Prescription Drugs (Formulary)

If you are eligible for Medicare, you’ve probably gotten a lot of offers for all kinds of prescription drug plans. With some research, you can find the right one for you.

Medicare prescription drug plans are also called Part D plans. They help you pay for prescription drugs. Medicare works with insurance companies and other private companies to offer many options for buying prescription medicines. Look at each plan to see how much it costs, what drugs it covers, and what pharmacies it works with.

To get a Medicare prescription drug plan, you must already have Medicare Part A and Part B. You will pay for Part D in addition to what you pay for Parts A and B. If you have trouble with the cost, you may be able to get financial aid.

Great Video for understanding Part D