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What is Medicare Part D?

Part D is the official name of Medicare's prescription drug plan, created to help people pay for their doctor-prescribed medicine. A private insurer administers each of the several plans available, adhering to Medicare guidelines.

The plans have varying costs and lists of drugs covered. Medicare users interested in signing up for prescription drug coverage must compare plans and find one that covers the drugs they need now or in the future. Users can change plans during the open enrollment period at the end of each calendar year.

Information on the available plans and the premium/deductible structure is available at Medicare.gov.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.