Medicare Part D

Medicare Part D is a federal program that provides prescription drug coverage to Medicare beneficiaries. This program is optional, but if you don't enroll in a Medicare Part D plan when you're first eligible, you may face a penalty if you decide to enroll later.

Medicare Part D plans cover a wide range of prescription drugs, including:

• Brand-name and generic drugs
• Vaccines
• Insulin
• Medical supplies associated with the administration of prescription drugs

Medicare Part D plans have monthly premiums, deductibles, and copayments. The costs can vary depending on your chosen plan, the drugs you take, and the pharmacy you use.

The government provides some financial assistance to those who have limited incomes and resources through the Low-Income Subsidy (LIS) program. If you qualify for LIS, you may pay lower premiums, deductibles, and copayments.

When choosing a Medicare Part D plan, it's important to consider the following:

• The drugs you take and whether the plan covers them
• The monthly premium, deductible, and copayments
• Whether the plan has a preferred pharmacy network
• Whether you qualify for any financial assistance

At our Insurance Agency, we can help you navigate the complexities of Medicare Part D and find a plan that fits your specific needs and budget. Contact us to schedule a consultation with one of our licensed insurance agents.