Medicare Part D
Coverage for Prescription Drugs
Individuals who have Medicare Part A and/or Part B may enroll in a Part D plan.
- Medicare Part D plans are offered by private insurance companies and must be approved by Medicare.
- Plans vary in premium and coverage (covered drugs, co-payments and deductibles, preferred pharmacies and mail order options).
- Not enrolling in a Medicare Part D plan, when you are eligible, may result in a late enrollment penalty.
- You do not need to enroll in a Part D plan if you have “creditable” drug coverage through an employer policy, VA benefits or TriCare for Life.
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