MEDICARE PART D: PRESCRIPTION DRUG INSURANCE

Medicare Prescription Drug Insurance…

• Helps people with Medicare pay for the prescriptions they need.
  
  
• Is available to all people with Medicare (regardless of income, health condition).
  
  
• Provides ‘extra help’ for people who need it most (make application).
  
  
• Pays for brand name as well as generic drugs.
  
  
• Offers no insurance plan that is 'best' for all.
  
  
• Offers coverage at cost-savings and/or for peace of mind.
  
  
• Has an Annual Open Enrollment from November 15 to December 31 each year when beneficiaries are allowed to switch plans without penalty. Coverage resumes under new plan year on January 1.
  
  
• Is available to those during their initial enrollment into Medicare; you will pay a penalty of 1% per month of the national average premium if you do not enroll at that time.
  
  
• Plan comparisons can be confusing — use the Drug Plan Finder to compare insurance plans and/or contact SDSU Extension for help.
  
  
  Continue...
  
  
  More Information
  
  Important Dates
  Get Help
  Already Enrolled or Not Taking Prescription Drugs
  Getting ‘Extra Help' — qualifications & application
  Keeping Your ‘Extra Help'
  Two Types of Prescription Drugs Plans
  Personalized Prescription Drug Insurance Coverage
  Plan Finder Comparison Tool
  Plan Restrictions
  Bar Graphs of Monthly Costs
  Payment of Premiums
  Enrollment — with and without penalty
  News from SDSU Extension Services