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Health Life For Seniors

What Is Medicare Part D?

Part D is the newest addition to Medicare - helping to cover the costs of prescription drugs which were not originally covered. Your insurance company will cover your prescriptions through this new government-sponsored program.

How To Get Part D Benefits

To get the benefits from Medicare Part D, you have to enroll in either a:

  • Prescription drug plan (PDP), or a
  • Medicare Advantage plan (MA)

You can find these plans through individual insurance companies. And keep in mind that Part D will cover your prescription drugs as long as the drugs are included in your plan.

Choosing A Part D Plan

The best time to join a prescription drug plan is during a period called "open enrollment." If you didn't enroll by the deadline of May 15th this year, you'll have to pay a 1% penalty on your premium. In other words, if you don't enroll before it closes your Medicare rates will go up.

Enrollment starts again this year on November 15th and ends on December 15th. So if you are already using Medicare, enroll with a prescription drug plan when registration is open.

Find A Prescription Drug Plan Right For You

There are many different prescription drug and Medicare Advantage plans available - so make sure you know what to look for.

You'll need to know which plans best fit your needs. A good place to start is by looking at each plan's monthly premiums, deductibles, and co-payments.

The best way to find the Part D plan right for you is to get advice from an agent. Our Medicare Part D Quote and our professional agents will help you make an informed decision. Or you can learn even more about Medicare Part D...