Medicare Part D: Prescription Drug Coverage

What Is Medicare Part D?

Medicare Part D helps cover the cost of prescription medications. These plans are offered by private insurance companies approved by Medicare and are designed to work with:

  • Original Medicare (Parts A & B)
  • Medicare Supplement (Medigap) Plans

If you enroll in a Medicare Advantage Plan (Part C), many of those plans already include prescription drug coverage — but if you choose Original Medicare, you’ll likely need a standalone Part D plan.

Woman taking pills, holding a glass of water, sitting on a couch.

Who Needs Medicare Part D?

You may want to enroll in a Part D plan if you:

  • Take prescription medications on a regular basis
  • Want to protect yourself from unexpected high drug costs
  • Have Original Medicare or a Medigap plan (since they don’t include drug coverage)
  • Want access to a wide network of pharmacies
Senior couple in pharmacy examining medication boxes; pharmacist in background.

How Much Does Part D Cost?

Costs for Part D vary by plan and location, but generally include:

  • Monthly Premium

    Varies by plan, some as low as $0

  • Annual Deductible

    Some plans have no deductible, others do

  • Copayments/Coinsurance

    Your share of prescription drug costs

  • Extra Help Program

    Income-based assistance to lower drug costs

Important: If you don’t enroll in Part D when you’re first eligible and don’t have other creditable coverage, you may face a late enrollment penalty.

An older Asian couple packing suitcases, preparing for a trip at home. Woman adjusting man’s straw hat.

When Can You Enroll?

You can sign up for Part D during:

  • Initial Enrollment Period (IEP)

     Around your 65th birthday

  • Annual Enrollment Period (AEP)

    October 15 – December 7 each year

  • Special Enrollment Periods (SEPs)

    Triggered by certain life events

An elderly Asian man in a kitchen, smiling, holding a pot, and talking to someone out of frame.

How Part D Fits Into Medicare

  • With Original Medicare (A & B)

    You’ll need a standalone Part D plan for drug coverage

  • With a Medigap (Supplement) Plan

    You’ll need to add a standalone Part D plan

  • With a Medicare Advantage Plan (C)

    Most include Part D automatically

Learn More About Medicare Advantage Plans

Why Choose Arcuri & Associates for Medicare Part D?

01

Face-to-Face Education

We’ll walk through your prescription list and show you which plan covers your medications at the lowest cost.

02

Ongoing Support Before, During, and After Enrollment

We review your drug coverage every year to make sure your plan still fits your needs.

03

No consulting fees

Our guidance costs you nothing.

04

Mission-Driven

We exist to educate, guide, and support every client before, during, and after enrollment.

Get Started with Confidence

Prescription drug costs can add up quickly — but with Medicare Part D, you’ll have affordable coverage and peace of mind. Let Arcuri & Associates Assurance Agency help you find the plan that’s right for you.