What is Medicare Part D?

Medicare Part D is a prescription drug benefit that is available to people with Medicare. It is designed to help people with Medicare pay for the cost of their prescription drugs. Medicare Part D is offered by private insurance companies, and it is available as a standalone plan or as part of a Medicare Advantage plan.

The amount that you pay for your prescription drugs under Medicare Part D depends on the specific plan you choose and the drugs you need to take. Some plans may have a monthly premium, while others may require you to pay a deductible or copayments for your drugs. It is important to compare different plans to find one that best meets your needs and fits your budget.