What is Medicare Part D?

Also known as the Medicare prescription drug plan, where the “D” stands for drugs, this plan is part of the US federal government program to help subsidize the expenses of prescription drugs and their insurance premium for Medicare.

This coverage is voluntary, and allows you access to medications at a reasonable cost and provides safety against catastrophic drug expenses. This is Part D offers Medicare beneficiaries the following options:

• Helps cover the cost of your prescription drugs
• Also helps lowering the cost of your prescription drugs and helps protect against higher costs later on 
• Part D is run by Medicare-approved private insurance companies