Part D

 

 

Check Eligibility

Part D

Part D of Medicare is prescription drug coverage. It helps you pay for the prescribes drugs. Original Medicare (Parts A and B) does not cover prescription drugs.

How much does Part D cost?

This is a monthly premium payment and the cost can  change every year. The up to date premium amount for 2020 can vary between $13.20-$75.30 with varying copays.

What Prescription Drug Plan do I get?

Depends on what you choose for Part C:

Stand Alone

Medicare prescription drug plans. These plans add drug coverage to Original Medicare/Part C. some Medicare Cost Plans. You must have Medicare Part A(Hospital Insurance) and/or Medicare Part B (Medical Insurance) to join a separate Medicare drug plan.

Part of Medicare Advantage

A Medicare Advantage Plan (Part C) can include prescription drug coverage. You get all of your Part A, Part B, and drug coverage, through these plans. Remember, you must have Part A and Part B to join a Medicare Advantage Plan, and not all of these plans offer drug coverage.

What Medicare Part D drug plans cover

Drug Plans Cover

All plans must cover a wide range of prescription drugs that people with Medicare take, including most drugs in certain protected classes,” like drugs to treat cancer or HIV/AIDs. Information about a plan’s list of covered drugs (called a “formulary”) isn’t included in this handbook because each plan has its own formulary. Many Medicare drug plans and Medicare health plans with drug coverage place drugs into different levels called “tiers” on their formularies. Drugs in each tier have a different cost. For example, a drug in a lower tier will generally cost you less than a drug in a higher tier.

Coverage Progression

Co-Insurance

Until

 

100%

$480

25%

$4,330

50%

$7,050

5%

Year End

2022 Data Used

Learn More

Enrollment Dates

Eligibity

Part A & B

Part C