2 Ways to Prescription Drug CoveragePosted by Medicare Made Clear
Original Medicare (Parts A and B) does not cover most prescription drugs. If you want a plan that offers prescription drug coverage, you will need to pay for the plan with your own money. Medicare prescription drug plans are offered by private insurance companies approved by Medicare. These types of plans include:
- Medicare Part D: Many people who have Original Medicare or certain Medicare Advantage plans that don’t include drug coverage also purchase a standalone Medicare prescription drug plan (Part D). By law, plans must cover the kinds of drugs most commonly prescribed. However, each plan can decide which specific drugs it will cover. Each individual plan is different. Learn more about Part D coverage.
- Medicare Advantage (Part C): You can also get prescription drug coverage as part of certain Medicare Advantage (Part C) plans. Medicare Advantage plans include all benefits of Part A and Part B, except services associated with hospice, which is covered by Original Medicare. Many plans also include a variety of additional benefits, such as eye care or hearing care. You must be enrolled in both Parts A and B to join a Medicare Advantage plan. Learn more about Medicare Advantage (Part C).
Medicare prescription drug plans are offered by private insurance companies approved by Medicare. Many people with Original Medicare also purchase Part D. Other people prefer the bundled approach and go with Medicare Advantage (Part C). Whatever your needs, each plan is different, so contact the plans you are interested in for details.
Learn when to enroll in Medicare drug plans and how to avoid late enrollment penalties.
For more information, explore MedicareMadeClear.com or contact the Medicare helpline 24 hours a day, seven days a week at 1-800-MEDICARE (1-800-633-4227), TTY 1-877-486-2048.