Skip to content

    Health Care Reform:

    Health Insurance & Affordable Care Act

    Back to ACA Health Insurance Terms List

    Medicare Part D, also called the Medicare prescription drug benefit

    If you use Medicare, you can join a health plan that pays for prescription drugs. This type of coverage is called Part D.

    You pay a monthly fee, called the premium, to get prescription drug coverage. You still pay the monthly fees for Part B if you have it.

    You can also get Part D benefits by joining one of these types of plans:

    • A Medicare Advantage (Part C) plan that has a prescription drug benefit
    • A Medicare Cost Plan with prescription medicine drug benefits

    The premium you pay for one of these plans includes drug coverage.

    You need to make the decision to get Part D coverage as soon as you're eligible because if you wait, you may need to pay a late enrollment penalty.

    WebMD Definition

    Health Insurance Terms

    URAC: Accredited Health Web Site TRUSTe online privacy certification HONcode Seal AdChoices