What does Medicare Part D cover?

Medicare Part D specifically covers prescription drugs. It was introduced to help beneficiaries afford the medications required for various health conditions, ranging from chronic diseases to temporary ailments. The plan operates through private insurance companies, which offer different formulary options that list covered drugs, often at different tiers that affect the cost to the beneficiary.

This coverage is designed to fill the gap of drug costs that are not typically covered under other parts of Medicare, such as Part A (hospital insurance) and Part B (medical insurance). Each beneficiary can choose a plan that best fits their medication needs and budget, making Medicare Part D an essential aspect of healthcare for many seniors and people with disabilities who rely on prescription medication.