Our Services — Medicare — Part D Prescription Plans
Medicare Part D Prescription Plans, Explained Simply — So You Can Choose With Confidence
Original Medicare doesn’t include prescription drug coverage on its own. A Medicare Part D plan helps cover the cost of your medications.
Get My Free Part D ConsultationPart D basics
What Is a Medicare Part D Plan?
Medicare Part D is prescription drug coverage offered by private insurance companies approved by Medicare. Coverage can be purchased as a standalone plan alongside Original Medicare and a Medicare Supplement plan, or it may already be included in some Medicare Advantage plans.
Each Part D plan has its own list of covered medications, called a formulary, along with its own pricing tiers. Because formularies and costs vary by plan, the right Part D plan often depends on the specific medications you take.
Plan formularies, pricing tiers, and pharmacy networks vary by plan and can change annually. A late enrollment penalty may apply if you don’t enroll in a Part D plan or other creditable prescription coverage when first eligible.
What Affects Your Part D Costs
- Monthly premium, which varies by plan and carrier
- Annual deductible, if the plan has one
- Copayments or coinsurance, which depend on the medication’s pricing tier
- Whether your pharmacy is in the plan’s preferred network
Why the Right Plan Depends on Your Medications
- Not every plan covers every medication in the same way
- A plan with a low premium may cost more overall if your specific medications are priced higher on that plan’s tiers
- Reviewing your plan each year during Annual Enrollment (Oct. 15th through Dec. 7th) can help you avoid overpaying as formularies change
- Your Part D plan must mail the “Annual Notice of Change,” no later than September 30th, which outlines any adjustments to costs, coverage, and drug formularies before annual enrollment begins
Who this is for
Who Needs a Part D Plan?
- You have Original Medicare and Medigap — A standalone Part D plan is generally needed for prescription coverage, since Medigap doesn’t include it
- You get your Part D through a Medicare Advantage (Part C) plan — Costs, coverage, and formularies change annually
- You’re newly eligible for Medicare — Enrolling in a Part D plan (or other creditable coverage) when first eligible can help you avoid a future late enrollment penalty
- Your medications have changed — If your prescriptions changed this year, your current plan may no longer be the most cost-effective option
- You haven’t reviewed your plan recently — Formularies and pricing can change annually, even if you don’t switch plans
Compare Part D plans
Finding the Plan That Fits Your Medications
Because Part D plans differ in which medications they cover and at what cost, comparing your specific prescription list against multiple plans is often the only way to know which plan saves you money.
Carriers we represent
Backed by Trusted, Well-Known Insurance Companies
Because we’re independent, we’re able to compare plans from multiple reputable carriers, including:
…and other regional and national carriers, depending on your state
Carrier availability varies by state and plan type. This is not a complete list of every company we represent.
What clients say
Real feedback from people we’ve helped
Ready to Compare Your Part D Options?
You don’t have to guess which prescription plan fits best. As your independent agent, we’ll help you compare Part D plans from multiple trusted carriers based on your specific medications, so you can choose coverage that fits your health needs and your budget, with no cost or obligation.
We do not offer every Part D plan available in your area. Any information we provide is limited to those plans we do offer. For a complete list of all your options, contact Medicare.gov or 1-800-MEDICARE (TTY: 1-877-486-2048), available 24 hours a day/7 days a week, or your local State Health Insurance Assistance Program (SHIP). A late enrollment penalty may apply if you go without Part D or other creditable prescription drug coverage for 63 days or more after your Initial Enrollment Period ends.