Medicare drug coverage Part D helps pay for the prescription drugs you need. It's optional and offered to everyone with Medicare by private companies approved by Medicare.
If you choose a Medicare Advantage Part C plan with prescription drug coverage, don’t sign up for a Part D plan too, or you might lose your Part C plan.
Even if you are not currently taking any medications, consider signing up for Medicare drug coverage. This can help you avoid penalties later if you decide to join a plan.
Learn how to prevent the late enrollment penalty.
What does it cost?
Part D requires a monthly payment, usually about $33, for most people. You might also need to pay for some services or medications yourself.
What does Part D include?
- Brand-name and generic prescription medications.
- To see which plans will help pay for your medicines, visit the Medicare.gov Plan Finder website.
If you’re covered by employer or retiree insurance and enroll in Part D, you risk permanently losing your coverage. Check with your current plan administrator before you make any decisions.