Medicare Part D Drug Plans
Medicare Plan Part D (Prescription Drug Coverage)
Parts A and B of Original Medicare do not include drug coverage.
Medicare Plan Part D Helps Cover:
Cost of prescription drugs (including many recommended shots or vaccines)
Medicare Plan Part D plans are run by private insurance companies that follow rules set by Medicare.
These plans are offered through Medicare-approved private insurance companies, not the federal government. The cost for a Part D plan, and the drugs included in the plan, varies based on the plan you choose.
If you go 63 days or more without a Part D plan (or other credible drug coverage) after your initial enrollment period is over, you may owe a late-enrollment penalty. The late-enrollment penalty is calculated by multiplying 1 percent of the national base premium for a Part D plan by the number of full uncovered months you were eligible but didn’t join a Medicare prescription drug plan.