
Medicare Part D: Prescription Drug Coverage

Introduced as a voluntary federal program, Part D provides seniors with access to retail prescription medications at affordable copays, protecting you against catastrophic drug costs.
What It Covers
- Retail Medications: Helps pay for prescription drugs that you pick up directly from a retail pharmacy.
What You Should Know
- Two Ways to Get It: Beneficiaries can choose between a standalone Part D plan (to pair with Original Medicare) or select a Medicare Advantage plan that incorporates prescription drug coverage directly into its benefit package.
- Rules of Entry: To join a standalone Part D plan, you must have either Part A or Part B. To join a Medicare Advantage plan with drug coverage, you must hold both Part A and Part B.
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