Eligible beneficiaries across the nation have the option of enrolling in a Medicare Part D plan to receive their prescription drug coverage. Medicare Part D plans are offered through private insurance companies that are contracted by Medicare, so costs and availability may differ between carriers and by location. Part D plans include stand-alone Prescription Drug Plans (PDPs) and Medicare Advantage Prescription Drug (MAPD) plans.
Medicare requires that all beneficiaries have some sort of creditable drug coverage, which includes Part D plans and employer health coverage. Hence, it is recommended that beneficiaries enroll in a Part D plan when they are first eligible to avoid any late enrollment penalties.
We highly recommend the following PDPs for our Senior clients: