A person holding a pill bottle

Medicare Prescription Drug Plan (Part D)

Your Medications Don't Have to Be a Financial Burden.

A Medicare Part D plan helps you manage the high cost of prescription drugs, avoid penalties, and get the peace of mind you deserve.

Find My Plan Now Call to Learn More

Why a Part D Plan is a Must-Have

Original Medicare doesn't cover most prescription drugs. A Part D plan is your solution to managing these essential costs.

Control Your Costs

Stop worrying about unpredictable drug prices. A Part D plan helps you manage monthly prescriptions with fixed copays and predictable premiums.

Avoid Late Penalties

If you don't enroll in a Part D plan when you're first eligible, you could face a permanent late enrollment penalty added to your premium. We can help you avoid this.

Tailored to Your Needs

Every plan has a different list of covered drugs (formulary). We can help you find a plan that covers the specific medications you need.

A person with an open pill box

The Biggest Mistake Medicare Beneficiaries Make

The biggest misconception about Medicare is that it covers all your healthcare needs, including prescriptions. It doesn't.

Original Medicare does not cover most outpatient prescription drugs. This can lead to a few major problems:

  • You pay 100% for all your medications out of pocket.
  • You may face a lifetime late enrollment penalty if you go without a creditable drug plan for more than 63 consecutive days.
  • A single high-cost medication could wipe out your savings.

Our licensed agents are here to help you avoid these costly mistakes and find a plan that protects your health and your wallet.

Understanding the Stages of Part D Coverage

Medicare Part D has four stages of coverage. Here's a simple breakdown of what to expect.

1. Deductible Phase

You pay 100% of your drug costs until you meet your plan's annual deductible. Once you meet this, your plan's coverage begins.

2. Initial Coverage Phase

After the deductible, you and your plan share the costs. You pay a copay or coinsurance, and the plan pays the rest, until your total drug costs reach a specific limit.

3. The Coverage Gap (Donut Hole)

This phase begins once your total drug costs (what you and your plan have paid) reach a certain amount. During the gap, you pay no more than 25% of the cost for both generic and brand-name drugs.

4. Catastrophic Coverage

You enter this phase after your out-of-pocket costs meet a specific threshold. You then pay a very small coinsurance or copay for the rest of the year.

Ready to Find Your Part D Plan?

Finding a plan that covers your specific medications is simple with our licensed agents.

1

Share Your Medications

Provide us with a list of your prescriptions. This is the most important step to finding the right plan for you.

2

Compare Your Options

We'll search dozens of top-rated carriers to find plans that offer the best coverage for your specific drugs and pharmacy.

3

Enroll with Confidence

Once you choose a plan, we'll help you complete the application and guide you through the rest of the enrollment process.

Got questions? We've got answers.

If you don't see your question below, call to talk with one of our licensed agents.

Who is eligible for a Medicare Part D plan?
Anyone who is enrolled in Original Medicare (Part A and/or Part B) is eligible to join a Medicare Part D Prescription Drug Plan.
What is the late enrollment penalty?
The penalty is a fee added to your premium for life if you go without creditable drug coverage for more than 63 consecutive days after your initial enrollment period.
What is the "Donut Hole"?
The Coverage Gap is a temporary limit on what a plan will pay for your drugs. After a certain amount of spending, you enter the gap and pay no more than 25% of costs until you reach the next stage.
How can I find out if my drugs are covered?
Every Part D plan has a formulary (list of covered drugs). We'll help you search your medications to find a plan that covers them.
A smiling couple with an advisor

About

Our experts will help you find the right plan by walking you through your options

Speak to a Licensed Agent
+1-888-537-1455

Explore

© All Copyright 2026 by Healthcare Solutions