Overview of Medicare Part D Drug Plans
Part of enrolling in Medicare includes choosing a Medicare Part D Drug plan. Part D is your drug plan. You have the option to choose a new Medicare Part D prescription drug plan each year during an Annual Enrollment Period (AEP) from October 15th to December 7th.
While you are automatically renewed in the same Medicare prescription drug plan each year, it doesn’t hurt to shop around. You can compare your current plan to see if you can save big on out-of-pocket costs, covered medications and premiums.
To get Medicare Part D coverage, you must join a plan offered by an insurance company or other private company approved by Medicare. Medicare Part D Drug plans vary in cost and drugs covered.