Medicare Part D covers prescription drug costs, ensuring affordable access to medications. Understanding it is key to maximizing your Medicare benefits, whether you're 65 or already enrolled.
Coverage for brand-name and generic prescription drugs
Structured coverage phases: Deductible, Initial Coverage, and Catastrophic
New $2,000 out-of-pocket cap beginning in 2025
Eliminates the "donut hole" coverage gap
Coverage through standalone plans or bundled in Medicare Advantage plans
Requirements -
To get Medicare Part D coverage, there are a few key eligibility and enrollment rules to follow. Here’s what you need to know before signing up:
You must be enrolled in Medicare Part A and/or Part B
Enroll during your Initial Enrollment Period (3 months before to 3 months after turning 65)
If you delay without comparable coverage, you may face a late enrollment penalty
You’ll pay a monthly premium (varies by plan), and possibly a deductible (up to $590 in 2025)
Coinsurance is typically 25% for covered drugs until the $2,000 cap is reached
How would I enroll?
Fill out the form and we will be in contact soon or call us at 765-380-1800 today!
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Medicare Required Disclaimer: We do not offer every plan available in your area. Currently we represent 15 organizations which offer 262 plans in 6 states. Please contact Medicare.gov or 1-800 MEDICARE or your local State Health Insurance Program (SHIP) to get information on all of your options.