Part D Prescription Drug Plans

You can sign up for Part D Prescription Drug Plans, which helps cover prescription drug costs, along with other components of Medicare starting three months before your 65th birthday, or if you are under 65 and eligible for Medicare.

It's important to do this on time because there' may be a permanent premium surcharge for enrolling after your initial enrollment period if you don't have equivalent drug coverage from another source, such as a retiree plan.

Let us help you with your enrollment

If you are already enrolled in a Part D "standalone" plan or a Medicare Advantage plan that incorporates drug coverage, you can switch plans during the open-enrollment period, which runs from Oct. 15 to Dec. 7 every year.

Making Part D work

In 2026, Medicare Part D will continue to evolve with changes aimed at improving the structure and predictability of prescription drug coverage.

Key updates include:

• Continued implementation of provisions from recent federal legislation designed to simplify the benefit structure.

• Adjustments to the phases of coverage to streamline cost-sharing and improve clarity for beneficiaries.

• Ongoing efforts to reduce financial barriers for individuals with high prescription drug needs.

These updates are part of broader efforts to enhance the Medicare Part D program and ensure more consistent access to prescription medications.

What's Medicare Drug Coverage (Part D)?

Choosing a plan

It pays to review your Part D coverage every year, especially if you have started taking new drugs.

• Start at Medicare.gov, where you can find the basics about the benefit and Part D plans. There's a link to the Medicare Part D Plan Finder, which allows you to compare offerings and coverage options in your area and includes a helpful formulary finder that allows you to compare plans based on their coverage of your personalized list of drugs. It will even show you your monthly out-of-pocket drug cost for the year

Call us to help you understand your options.

Getting financial help

Individuals with 2024 annual incomes of less than $22,590 and financial resources of up to  $17,220 or married couples with incomes of less than r $30,660 and financial resources of up to  $34,360 might qualify for Extra Help from Medicare to pay their Part D premiums and out-of-pocket drug costs.

See Medicare's instructions on applying for the Extra Help program.

Additionally, read about the ways to lower your drug costs on Medicare.gov.

This information was obtained from www.medicare.gov

By contacting the phone number on this website you will be directed to a licensed agent.