Part D Plans

Part D plans are Medicare-approved private insurance programs that help cover the cost of prescription medications. They are designed to reduce out-of-pocket expenses for medications that you need regularly. You choose a plan offered by a private insurer approved by Medicare, and it provides a formulary (list of covered drugs), costs, and coverage rules. While most Part D plans are optional, they can assist beneficiaries in managing prescription costs and ensuring access to necessary medicines. Coverage details, premiums, co-pays, and specific drug restrictions vary between plans, so it's important to select one that meets your medication needs.