Medicare Part D is a government-provided prescription drug coverage that helps pay for prescription drugs that are not covered by Original Medicare (Part A and Part B). Medicare Part D plans are offered by private insurance companies approved by Medicare.
Medicare Part D plans typically cover a wide range of prescription drugs, including:
- Generic and brand-name drugs: Medicare Part D plans cover both generic and brand-name prescription drugs.
- Specialty drugs: Medicare Part D plans may cover high-cost specialty drugs used to treat complex or rare medical conditions.
- Vaccines: Medicare Part D plans cover most vaccines, including flu shots and other vaccines that are recommended by healthcare providers.
- HIV/AIDS drugs: Medicare Part D plans cover most drugs used to treat HIV/AIDS.
- Cancer drugs: Medicare Part D plans cover most drugs used to treat cancer.
It’s important to note that Medicare Part D plans have different costs and coverage rules, so it’s important to carefully review and compare plan options to determine which plan is right for you. Additionally, some Medicare Advantage plans may include prescription drug coverage, so it’s important to understand your coverage options and costs to make informed decisions about your healthcare.