Medicare Part D
Medicare Part D prescription drug plan is a federal program administered through private insurers approved by Medicare. Medicare Part D was designed to help make prescription drugs more affordable for enrollees. This part of Medicare offers a broad range of prescription medication coverage.
You can decide to sign up in either a standalone prescription drug plan to supplement your Original Medicare or purchase a Medicare Advantage Prescription Drug plan that covers all Original Medicare benefits, including prescription drugs.
How a Medicare Part D Plan Works
Medicare Part D will be made available in your state of resident every year. Part D premiums vary extensively depending on the insurer and plan type, among other factors. If you need specifics like the premium costs and plan features, you’ll need to look for an overview of the drug plan coverage as it applies to your resident state. You can also contact Great Nation Insurance for more details.
While costs vary with Medicare Part D plans, Medicare sets a limit on how much carriers can charge you for annual deductibles. Many plans don’t have annual deductible policies, and the coverage starts as soon as you buy your first prescription.