Medicare Part D Prescription
Medicare Part D plans provide prescription drug coverage, helping you afford the medications you need. As your Medicare Insurance Broker, Medicare Rich compares Part D options across all licensed states to match your prescriptions with the most cost-effective plan.
What Medicare Part D covers
Each Part D plan has its own formulary—a list of covered drugs—organized into tiers. Commonly covered medications include those for heart conditions, diabetes, high blood pressure, and other chronic conditions. Plans also cover vaccines, and under recent changes, many cap insulin costs at $35 per month.
How Part D plans work
...and what a typical Part D plan includes
1. Monthly Premiums
The amount you pay each month for the plan.
2. Annual Deductable
Some or all drugs may apply to this before coverage starts.
3. Copayments/Coinsurance
Your share of the cost for medications after meeting any deductible.
4. Coverage Stages
Initial coverage and catastrophic coverage phases.