Medicare Part D is an option that helps cover prescription-related costs. You can enroll in Part D by purchasing a standalone plan to go along with your Original Medicare coverage or enrolling in a Medicare Advantage plan that includes Part D coverage. Anderson Medicare Group can help you find and enroll in the right prescription drug plan for your needs. But first, let’s talk about the eligibility and costs for Medicare Part D.

The Medicare Advantage plans are administered by private carriers that are contracted with the federal government and must follow the guidelines set by Medicare. Most Medicare Advantage plans use provider networks that you must choose from. It’s common for MA plans to include Part D prescription drug coverage.

Those that have Medicare Part A or Part B can join a prescription drug plan under Medicare Part D. You don’t need both A and B. Remember, Part D is optional, but you could pay a lot out of pocket for your medications without a drug plan! You can enroll in Medicare Part D through an insurance broker like us—we’ll help you enroll at the right time to avoid any penalties.