How does Part D work?
Everyone with Medicare needs to make a decision about prescription drug coverage. Even if you don’t use a lot of prescription drugs now, you should still consider joining a plan.
Remember, to get the coverage, you must join a plan.
How does Medicare prescription drug coverage work?
Whatever plan you choose, Medicare drug coverage will help you by covering brand-name and generic drugs at pharmacies that are convenient for you.
Like other insurance, if you join, you will pay a monthly premium, which varies by plan, and a yearly deductible (no more than $310 in 2010). You will also pay a part of the cost of your prescriptions, including a co-pay or coinsurance, and drugs during the “Gap” period in some cases. Costs will vary depending on which drug plan you choose. Some plans may offer more coverage and additional drugs for a higher monthly premium. If you have limited income and resources, and you qualify for extra help, you may not have to pay a premium or deductible.
Who can get Medicare prescription drug coverage?
What if I can't afford Part D premiums or related expenses?
The Extra Help application is available from Social Security or contact your local Social Security office to request an application. Most local senior centers have copies of the application, as well.