Medicare Part D Prescription Drug Plans

Overview

Part D plans help pay for prescription drugs. Each plan has its own formulary, pharmacy network and pricing tiers, so the right plan depends on the medications you take. Comparing plans against your actual prescription list can save hundreds of dollars a year.

Key benefits

• Annual out-of-pocket cap on covered drugs
• Plans compared against your medication list
• Preferred pharmacy pricing and mail order options
• Avoid the late enrollment penalty by enrolling on time

Who it’s a good fit for

• People on Original Medicare with or without a Medigap plan
• Anyone taking regular prescriptions
• Those who want to avoid the Part D late enrollment penalty