Medicare Part D is a part of the Medicare program that’s specifically designed to help pay for prescription drug medications. Like Medicare Advantage, Part D is offered by private insurers that are approved by Medicare. Part D helps cover prescription drugs and many recommended shots and vaccines.

There are two ways an eligible member can get prescription drug coverage: You can enroll in a Part D plan in addition to your Original Medicare and/or Medigap plan, or you can enroll in a Medicare Advantage plan that includes drug coverage.

If you aren’t spending a lot of money on medications at the time of your initial Medicare enrollment, you may be tempted to skip Part D. It’s optional, after all. But there are reasons to consider signing up. 

There is a late enrollment penalty if you don’t sign up for prescription drug coverage during your initial enrollment period and aren’t covered by another “credible” source such as your spouse’s employer or the VA. 

Another reason you might want to consider enrolling in Part D is that it helps shield you from rising prescription drug costs, which can jump even higher depending on your health as you age.

Our licensed Medicare experts offer free, personalized guidance to help you compare and enroll in the plans that best fit your healthcare needs and budget.