Medicare Drug Plan, Medicare Part D

Part D refers to Medicare Prescription Drug coverage.  People with Original Medicare and a Medicare Supplement will need to purchase a Medicare Part D Prescription plan separately.  For people joining a Medicare Advantage plan, a Medicare Prescription plan is often included with the Medicare Advantage coverage.  You should note that if you decide to enroll later for Part D Prescription Drug coverage, a penalty may be assessed by the Federal Government.

Enrollment in Medicare Part D is voluntary, but it is strongly recommended for those who need prescription drug coverage.  Eligible individuals can enroll in a or change their Medicare Part D plan during the annual open enrollment period, which runs from October 15 to December 7 each year, or during a special enrollment period if certain qualifying events occur.