Medicare Part D is the federal government's prescription drug program that covers both brand-name and generic prescription drugs at participating pharmacies in your area. The coverage is available to all people eligible for Medicare, regardless of income and resources, health status, or current prescription expenses. Medicare prescription drug coverage provides protection for people who have very high drug costs.

While Part D coverage is optional, it is almost always a good idea to purchase it as soon as you are eligible. People who don't purchase Part D when they first become eligible are forced to pay higher premiums when they finally do decide to purchase a plan. This penalty can also impact your ability to purchase some of the integrated Medicare Advantage plans as well. Confused? You should be. Call us and we'll walk you through the whole thing.