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Question: What is Medicare Part D?

October 12, 2010

For many seniors prescription drugs are a significant monthly expense. Fortunately, insurance coverage for prescription drugs is available through Medicare Part D. Discover how these plans work and who is eligible.

Answer: Medicare Part D is supplemental health insurance that pays for prescription drug coverage. All Medicare recipients are eligible for Medicare Part D. Depending on the type of Medicare Part D plan you select, you may be required to have Medicare Part A, Part B or both.

Medicare Part D is offered through private health insurance companies

Medicare Part D prescription drug plans are intended to work with and supplement your Medicare Part A and Part B health insurance coverage.

Unlike Medicare Part A and Part B, prescription drug coverage through Medicare Part D is provided by private health insurance approved by and under contract with Medicare. Each plan may have different medical coverage limits and the types of drugs they cover may vary.

How to access Medicare Part D coverage

There are two ways to access Medicare Part D coverage:

  • Medicare Prescription Drug Plan
  • Medicare Advantage Plan

These policies provide all the medical coverage included individually in Medicare Parts A, B and D. In addition, Medicare Advantage plans may provide additional benefits such as coverage for vision, hearing and dental services.

To receive supplemental health insurance coverage through a Medicare Part D prescription drug plan, you must have either Medicare Part A, Part B or Part C (also known as Medicare Advantage). If you choose Part C for prescription drug benefits, your plan should also include Medicare Part A and Part B medical coverage.

Enrolling in Medicare Part D

Before enrolling in a Medicare Part D plan, compare health insurance quotes and carefully review the plan benefits. It is important to consider the coverage, as well as the premium payment when deciding which coverage is right for your needs.

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