Finding a Medicare Prescription Drug Plan

Medicare Part D helps cover the cost of prescription drugs and is available to everyone who is eligible for Medicare. Part D coverage may help lower your prescription drug costs and help protect against higher costs in the future.

To get this coverage, you must purchase a plan offered by an insurance company or other private company approved by Medicare. Part D coverage may be purchased separately or as part of a Medicare Advantage Plan. These plans cover generic and brand-name drugs included in the plan’s formulary.

Your Costs

You will pay a monthly premium for this coverage, and your plan may also charge a yearly deductible, as well as co-payments or co-insurance. You will also pay more if you reach the “coverage gap.” Your actual costs will vary, depending on:

  • The drugs you take
  • The plan you choose
  • If you use a pharmacy in your plan’s network
  • If your drugs are on your plan’s formulary
  • If you qualify for assistance through the Extra Help program

Help is Available

If you would like more information about prescription drug plans, we’re happy to help. Our licensed benefits advisors are available to walk you through the plan options available in your area. Call us at 1-877-470-3108, TTY 711, or visit our Find Coverage page to get started.


Medicare has neither reviewed nor endorsed this information.