Prescription Drug Coverage
Part D prescription drug plans help cover the cost of your medications. Understanding how they work can save you hundreds of dollars each year.
Each Part D plan has a formulary — a list of covered drugs organized into tiers. Lower tiers typically have lower copays.
Part D has four phases: Deductible, Initial Coverage, Coverage Gap (Donut Hole), and Catastrophic Coverage.
If you don't enroll in Part D when first eligible and don't have other creditable drug coverage, you may pay a lifetime penalty.
The right Part D plan depends on your specific medications. Our advisors will compare formularies and costs to find your best option.