Original Medicare (Medicare Part A and Part B) generally does not cover prescription drugs. If you’re enrolled in Original Medicare and want Medicare prescription drug coverage, there are two options you can consider.
You can switch from Original Medicare to a Medicare Advantage plan (Medicare Part C) that offers prescription drug coverage. Or you can keep your Original Medicare coverage and enroll in a Medicare Part D prescription drug plan.
Medicare Advantage is an alternative to Original Medicare that provides the same hospital and medical benefits as Medicare Part A and Part B. In addition to those benefits, many Medicare Advantage plans cover prescription drugs.
Some Medicare Advantage plans may also offer:
Generally, you have the option to enroll in a Medicare Advantage plan if you:
A Medicare Advantage plan that offers prescription drug coverage may also be known as a Medicare Advantage prescription drug (MAPD) plan.
How your MAPD plan works depends on the type of Medicare Advantage plan you’re enrolled in. Generally, Medicare Advantage plans fall into one of the following categories:
A Medicare Part D plan is designed to cover many prescription drug costs. Part D plans are sold by private insurance companies, so the cost and availability of plans can vary based on your location. A standalone Part D plan can be used alongside Original Medicare or with a Medicare Advantage plan that doesn’t offer drug coverage.
Medicare Part D prescription drug plans each have a drug formulary, which is a list of what drugs the plan covers and how much those drugs cost based on which “tier” the drug is classified into.
Learn more about some of the costs associated with Medicare Part D plans.
A licensed insurance agent can help you find a Medicare Advantage in your area that offers prescription drug coverage. They can also help you enroll in a plan that works for you.
Speak with a licensed insurance agent today by calling TTY Users: 711 24 hours a day, 7 days a week.
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