Medicare Part D plans are designed to help cover the cost of prescription drugs, making it easier for you to afford the medications you need. These plans are offered by private insurance companies and can be added to your Original Medicare coverage.
Medicare Part D plans are designed to work alongside your Original Medicare coverage. You pay a monthly premium for the Part D plan, and the plan helps cover the cost of your prescription medications. Costs can include deductibles, copayments, and coinsurance, but these vary by plan.
Comprehensive Coverage
Covers a wide range of prescription medications, reducing your out-of-pocket costs.
Financial Protection
Helps protect against high medication costs, providing peace of mind.
Formulary Flexibility
Each plan has a formulary, or list of covered drugs, allowing you to find one that covers your specific medications.
77%
of Medicare beneficiaries also receive Part D benefits (Rx drug coverage) either by enrolling in a “stand-alone” Part D plan available from a private insurance company or by virtue of the drug coverage component of the Medicare Advantage plan they are enrolled in.
There are various Medicare Part D plans available, each with different formularies, costs, and network pharmacies. It's important to review and compare plans annually, as formularies and costs can change.
Choosing the right Medicare Part D plan can ensure you have access to the medications you need at an affordable price. At FKB Senior Services, we help you compare your options and find the best plan for your prescription needs. Contact us today for a no-cost, no-obligation consultation.