Medicare Prescriptions Drug Plans (Part D ) are approved by Medicare and offered by private insurance companies.
The Medicare Prescriptions Drug Plan coverage may lower prescription drug costs and may help protect against higher costs in the future.
Original Medicare ( Parts A & B ) do not include prescription drug coverage. A Medicare Prescription Drug Plan can help cover the costs of your medications.
If you decide not to join a Medicare Prescription Drug Plan when you are first eligible and you do not have other credible prescription drug coverage, or you do not have Extra help (LIS) you will likely pay a late enrollment penalty.