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prescription drug coverage

What is Medicare Part D prescription drug coverage?

Prescription drug coverage – or Medicare Part D – subsidizes the costs of brand-name and generic prescription drugs for Medicare beneficiaries. Medicare recipients choose the coverage by enrolling in either a stand-alone prescription drug plan (PDP) – which covers only prescription drugs – or a Medicare Advantage plan, which covers prescriptions and other medical expenses.

Regardless of the plan, you’ll pay a co-pay for each prescription, a monthly premium – which will vary by plan – and an annual deductible. Individuals with limited income and resources may qualify for financial assistance.

Which prescription drug plan should you choose?

Affordable Medicare Plans

Since 2008, we’ve helped more than 16 million people.

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Read more about prescription drug coverage