
Medicare Part D
Learn more about Medicare Part D below or click for your FREE no-obligation consultation.
WHAT IS MEDICARE PART D?
Part D focuses on the medications prescribed to you. You must enroll in Part D separately, and it does not automatically come with your other Medicare policies unless you have Medicare Advantage.
You can get Medicare Part D during the Initial Enrollment Period (the three months before your 65th birthday to the three months after) or the Open Enrollment Period (October 15 to December 7).
WHAT DOES MEDICARE PART D COVER?
Medicare Part D is required to offer coverage for at least two prescription medications in the six medication categories:
● Antidepressants
● Anticancer
● Immunosuppressants
● HIV/AIDS medications
● Antipsychotics
● Anticonvulsants
The list of all of the medications covered constitutes the formulary.
The amount you pay relates to the tier your medication is in. There are four tiers: Tier 1, 2, 3, and the Specialty Tier. These range from lowest to highest copayments. The type of medication determines tiers.
Tier 1 medications are the majority of generic medications that won’t cost you as much in copayments.
Tier 2 medications cost more than Tier 1, but not as much as Tier 3 or the Specialty Tier. Tier 2 prescriptions are typically brand-name and preferred medications.
Tier 3 has the second-highest copayment. Again, these are brand-name medications that are not preferred.
The Specialty Tier has the most expensive copayments. These are medications that cost the most.
WHAT DOES MEDICARE PART D NOT COVER?
● Any cosmetic treatments, such as weight loss drugs
● Medications for fertility or erectile dysfunction
● Multivitamins, cough medicines, and benzodiazepines
For more information about what prescription drug coverage you can get with Medicare Part D, contact our Medicare Specialist today.
Get The Right Medicare Plan Today
Dale Wondisford
MEDICARE SPECIALIST
14 Years experience helping hundreds of families ge the best insurance policy to meet their needs.
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By submitting this form, I give licensed Medicare broker, Dale Wondisford, permission to contact me by phone, text and/or email. I understand that Dale Wondisford is a licensed insurance agent and he will contact me to give me information about Medicare Advantage Plans, Medicare Part D Prescription Drug Plans and/or Medicare Supplement insurance.