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What are Medicare Part D plans?

ANSWER

Medicare prescription drug plans are also called Part D plans. They help you pay for prescription drugs. Medicare works with insurance companies and other private companies to offer many options for buying prescription medicines. You can compare Part D plans in your area by using the Medicare Plan Finder at www.medicare.gov.Look at each plan to see how much it costs, what drugs it covers, and what pharmacies it works with.

From: How to Choose a Medicare Part D Drug Plan WebMD Medical Reference

Reviewed by Sarah Goodell on September 16, 2019

Medically Reviewed on 9/16/2019

SOURCES:

Medicare.gov: "More savings in the drug coverage gap coming through 2020.”

News release, CMS.gov.

Medicare.gov: ''Medicare & You 2013," "Extra Help with your Medicare Prescription Drug Plan.”

Centers for Medicare & Medicaid Services: "Annual Release of Part D National Average Bid Amount and other Part C & D Bid Related Information." 

Kaiser Family Foundation.                

HealthCare.gov.

Center for Economic and Policy Research. 

Center for Medicare Advocacy.

Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

SOURCES:

Medicare.gov: "More savings in the drug coverage gap coming through 2020.”

News release, CMS.gov.

Medicare.gov: ''Medicare & You 2013," "Extra Help with your Medicare Prescription Drug Plan.”

Centers for Medicare & Medicaid Services: "Annual Release of Part D National Average Bid Amount and other Part C & D Bid Related Information." 

Kaiser Family Foundation.                

HealthCare.gov.

Center for Economic and Policy Research. 

Center for Medicare Advocacy.

Medicare Rights Center.

Reviewed by Sarah Goodell on September 16, 2019

NEXT QUESTION:

How can I get a Medicare Part D drug plan?

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THIS TOOL DOES NOT PROVIDE MEDICAL ADVICE. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional medical advice, diagnosis or treatment and should not be relied on to make decisions about your health. Never ignore professional medical advice in seeking treatment because of something you have read on the WebMD Site. If you think you may have a medical emergency, immediately call your doctor or dial 911.

    This tool does not provide medical advice. See additional information.

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