Medicare Part D covers your prescription drug needs. Medicare does not offer prescription drug plans, rather private companies contract with Medicare to offer the same services and coverage.

Medicare Advantage Plans offer prescription coverage equivalent to at least the coverage given by Medicare Part D. There are many Medicare Advantage Plans offering more coverage at a lower cost than that of Medicare. These plans are a popular choice among eligible consumers.

Part D is the insurance portion. You purchase Part D so that you are protected if and when you need it. For example, you may not need any prescription drugs today, but enrolling in a Part D plan with the lowest premiums in your area guarantees you have coverage should you suddenly need it – but at the lowest cost to you.

Each plan is required by law to offer a minimum level of coverage. Some plans offer better benefits, lower costs, and different overall designs than the one Congress originally designed.

Also, you may get more coverage and pay less out of pocket if your income is limited and you qualify for Extra Help, or you are in a state pharmacy assistance program, or you have employer or union coverage that supplements Medicare.

If your income is limited and you qualify for extra help, or you are in a state pharmacy assistance program, or you have union or employer coverage – you may receive more coverage and less out of pocket.