How to Sign Up For a Medicare Part D Plan

Medicare Part A and Part B are provided by the federal government and provide coverage for different types of inpatient, outpatient and preventive health care services and items.

Original Medicare (Part A and Part B) doesn’t typically cover prescription drugs, however.

To get Medicare prescription drug coverage, you can consider enrolling in a standalone Medicare Part D prescription drug plan (PDP), or you can enroll in a Medicare Advantage plan (Part C) that includes prescription drug coverage.

Learn how and when you may be able to sign up for a Medicare Part D plan by visiting MyRxPlans.com today.

Enroll in a Part D plan

Visit MyRxPlans.com

Or call TTY Users: 711 24/7 to speak with a licensed insurance agent.

How do I sign up for Medicare Part D?

This Medicare plan finder can help you find Medicare coverage options in your area, which may include plans that cover prescription drugs.

Medicare Part D plans are sold by private insurance companies, and the selection of plans will vary from one county to the next. Before enrolling in a plan, you’ll first need to find out which plans available where you live. 

You could do this by calling to speak to an insurance agent who is licensed to sell Medicare prescription drug plans.

An agent can provide you with a list of the Part D plans sold in your area and review the costs, coverage and other details of each plan with you and answer any questions you may have along the way. 

Some of the things you’ll want to consider when comparing Part D plans may include:

  • Which drugs are covered and how?
  • Which pharmacies in your area are part of the plan’s network of participants?  
  • How much is the plan’s premium, deductible and copays or coinsurance?

An agent can help you narrow down your selection of plans to make sure you find the one that best fits your needs. Then, if you’re eligible, the agent may guide you through the enrollment process and ensure that you get signed up.

A couple enrolls in Medicare Part D online using laptop

When can I sign up for Medicare Part D?

When you first become eligible for Medicare, you will enter your seven-month Initial Enrollment Period (IEP).

Medicare IEP graphic

This period begins three months before you turn 65 years old, includes the month of your birthday and continues for three additional months. During this time, you may sign up for any part of Medicare, including Part D. 

If you elect not to sign up for a Part D plan during your Initial Enrollment Period, your next opportunity may not be until the Annual Enrollment Period (AEP).

Medicare AEP graphic

Medicare AEP is also known as Medicare Open Enrollment for Medicare Advantage and prescription drug plans, and it lasts from October 15 to December 7 every year.

During this time, you may be able to enroll in a Part D plan, switch from one Part D plan to another or disenroll from a Part D plan. 

Depending on your circumstances, you may have an opportunity to enroll in a Part D plan during a Special Enrollment Period (SEP). Special Enrollment Periods can be granted at any time for people who experience qualifying events such as moving to a new area, losing creditable drug coverage and more.

Call to speak with a licensed insurance agent who can help determine if you are eligible for a Special Enrollment Period.

How much does it cost for Medicare Part D?

The average premium for a Medicare Part D plan in 2019 is $29.20 per month. That’s down by more than $2 from 2018 and represents the lowest average premium since 2009. 1

In addition to a premium, most (but not all) Part D plans will also include a deductible. This represents the amount of money you must pay out of your own pocket for covered drugs before the plan’s coverage takes effect.

Part D plans are not allowed to have an annual deductible that is more than $415 in 2019. Keep in mind that some Part D plans may have a $0 deductible.

Part D plans will typically feature copayments or coinsurance. Copayments (a flat fee) and coinsurance (a percentage of the cost) are the amounts for which you are responsible paying when filling a prescription after your deductible has been met.

How do you become eligible for Medicare Part D?

You may be eligible for a Medicare Part D plan if:

  • You’re enrolled in Medicare Part A
  • You live in the area that is serviced by your desired plan

How else can you get drug coverage through Medicare?

You might also consider enrolling in a Medicare Advantage plan that includes prescription drug coverage.

These plans offer the same coverage as Medicare Part A and Part B, and some plans also providing some additional benefits that Original Medicare doesn’t cover. 

More than 90 percent of 2019 Medicare Advantage plans include prescription drug coverage.2 And some plans may also include coverage for dental, vision, hearing and more. 

Call to speak with a licensed insurance agent who can help you compare Medicare Advantage plans in your area.

Find Medicare Advantage plans with Part D coverage

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Or call TTY Users: 711 24/7 to speak with a licensed insurance agent.