Medicare Part D

What it helps cover:

• Medicare Part D helps cover prescriptions drugs.

• Plan premiums, the drugs that are covered, deductibles, coinsurance and copays will vary by Part D plans, so you should check and compare plans each year based on your needs, the prescription drugs you take, etc.

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What it costs:

• Like Medicare Advantage (Part C), prescription drug plans (Part D) are offered by private insurance companies contracted by the federal government.

  • Plans vary in cost, coverage, deductibles and copays.

• There’s a Part D late-enrollment penalty if you don’t enroll in an approved Medicare drug plan (including a Medicare Advantage plan) when you’re first eligible, unless you have other creditable prescriptions drug coverage.

  • Medicare calculates the penalty by multiplying 1% of the "national base beneficiary premium" ($36.78 in 2024) times the number of full, uncovered months you didn't have Part D or creditable coverage.

  • This penalty is assessed when you enroll in a Part D plan, and you’ll pay the higher amount for as long as you keep your Part D coverage.

• Your Part D premium could be higher depending on your income.​

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I do not offer every plan available in your area. I currently offer plans with United Health Care, Aetna, Humana, Devoted, and Well Care. Any information I provide is limited to those plans that I do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE or your local State Health Insurance Program to get information on all of your options.​​​

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