Medicare Part D Rx Plans

Medicare Part D Rx Plans help cover the cost of the member’s prescription drugs. Here are some of the main features of a Part D Rx plan:

• Provide help with the cost of prescription medications.
• Are only offered through private insurance companies.
• Are usually offered two ways:
  • As a standalone plan to add coverage to Original Medicare Parts A and B and to complement a Medicare Supplement plan.
  • As part of a Medicare Advantage (Part C) Plan.
  • Have a specific list of approved drugs they cover (called a formulary or drug list).