If you are enrolled in Original Medicare, you have the option to purchase Part D prescription drug coverage as well. These plans offer you additional coverage that allows you to get prescription medications at more affordable costs.
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Medicare Part D is the part of the Medicare program that provides Medicare beneficiaries with prescription drug coverage. Part D plans are similar to Medicare Advantage plans, in that they are sold by private insurance companies that Medicare has approved. Each plan is not standardized, so there is some variation.
Each plan should cover a different variety of drugs. The drugs that are covered are featured in each plan’s formulary. The formulary contains information about the covered drugs and the price points at which they are to be sold. There are also some drugs that must be covered by all plans, they include:
Technically, no. While you are able to get prescription drug coverage directly through a Medicare Advantage plan, you cannot purchase a Part D plan while covered by Medicare Advantage in most cases. There are some exceptions to this rule, but generally, it is not allowed.
If you need prescription drug coverage now, consider speaking to an insurance agent from Medicare Advisor of Louisiana LLC. We understand how to navigate the diverse marketplace of Part D plans to help you find one that will make prescription medications far more affordable for you.