Guide
Medicare Part D (Prescription drugs)
Part D provides prescription drug coverage. You can get it as a standalone plan alongside Original Medicare, or built into most Medicare Advantage plans.
Formularies
Every plan has a list of covered drugs organized in tiers with different copays.
Network pharmacies
Costs are often lower at preferred pharmacies.
Annual changes
Coverage and costs can change each January. It's worth checking during AEP.
Late enrollment penalty
Signing up late without other creditable coverage adds a lifelong monthly penalty.
Choosing a plan
The plan that's cheapest on premium isn't always cheapest overall. Total annual cost depends on the specific drugs you take.
Prefer to talk it through? Talk to a licensed agent.