Part D - Prescription Drug Coverage
Part D - Prescription Drug Coverage
Part D - Prescription Drug Coverage
- Helps pay for prescription medications
- Optional coverage, but a penalty is applied to the premium if a plan isn't chosen when eligible
- Purchased through private insurance companies
- Each plan has a "formulary" or list of covered drugs
- Drugs are categorized by tier; lower tiers are generally less expensive
- Generally plans can be changed every year during annual enrollment