Medicare Part D

Medication costs can take a large bite out of your budget. If you take prescriptions now—or if your health changes and you need them in the future, Medicare Part D will help protect your health while also protecting your wallet from very high drug costs.

Just as different Medicare supplement plans cover different services, there also many different options for Medicare Part D plans. How much you pay for your medications will depend largely on which prescription drug plan you choose. 

Not all plans cover all medications. And even if two plans cover the same medication, they can charge vastly different out-of-pocket costs for it. Medicare Part D plans also have preferred pharmacies and pharmacy networks that will have an impact on your costs.

Picking the wrong Medicare prescription plan can be a costly mistake but picking the right plan could help you save hundreds of dollars a year.