Medicare drug coverage (also known as Medicare Part D) helps pay for the brand-name and generic drugs you need. It's optional and offered to everyone with Medicare by insurance companies and other private companies approved by Medicare.

You get your Part A, Part B, and Medicare drug coverage (Part D) through a single plan. Remember, you must have Part A and Part B to join a Medicare Advantage Plan, and you’ll usually get your drug coverage through that plan.

Medicare drug coverage (Part D) is extra coverage people with Medicare can choose to help lower costs of prescription drugs. Medicare-approved private plans offer this coverage. Even if you don’t take prescription drugs now, consider getting Medicare drug coverage.

Dec 23, 2024 · The U.S. Department of Health and Human Services (HHS) announced that 64 drugs available through Medicare Part B will have a lower coinsurance rate between Jan. 1 and March 31, 2025, since the prices set by their manufacturers have risen faster than the rate of …

Get help covering the cost of your prescription drugs. A standalone Medicare Part D prescription drug plan can help pay for your medication. You can also get prescription drug coverage as part of a Medicare Advantage plan.

Jan 17, 2025 · This overview page provides links to important plan information on the Medicare Part D prescription drug benefit, first enacted under the Medicare Prescription Drug, Improvement, and Modernization Act (MMA) of 2003.

For the first time, beginning in 2025, the new drug law requires all Medicare prescription drug plans (Medicare Part D plans) — including both stand-alone Medicare prescription drug plans and Medicare Advantage plans with prescription drug coverage — to ofer enrollees the option to pay out-of-pocket prescription drug costs in the form of capped ...

Feb 19, 2025 · For drug coverage requests in Puerto Rico, call 866-773-5959. You can also print, fill out and send us one of the following forms: Request for Medicare Prescription Drug Coverage Determination Form; Puerto Rico – Request for Medicare Prescription Drug Coverage Determination Form – English

Oct 3, 2024 · Medicare Part D is prescription drug coverage that subsidizes the costs of prescription drugs for Medicare beneficiaries. Enrollees pay a monthly premium (depending on how they get their coverage, this can be as low as $0/month), and …

Oct 14, 2024 · What Is a Medicare Formulary (Drug List)? A formulary for Medicare is the list of drugs a given Medicare Part D prescription drug plan or Medicare Advantage Prescription Drug (MA-PD) plan will cover. A Medicare plan formulary details information such as how drugs are covered, their relative costs, limitations and/or restrictions.