This video explains Medicare Part D – which helps pay for the cost of prescription drugs through private insurance companies.  Many people are often surprised to learn that Original Medicare (Parts A and B) doesn’t cover prescription drugs.

But you can get Part D either as a stand-alone plan OR included in a Medicare Advantage Prescription Drug plan — depending on your needs and what’s available in your area.

Here’s how Part D works:

  • It is optional, but if you want it you have to enroll.
  • Depending on your situation, you can sign up for Part D when you first become eligible for Medicare – which for most people is when you turn 65.

If you decide to wait, you could end up paying a higher monthly premium.

To be eligible for Medicare Part D plans:

  • You must be entitled to Part A or enrolled in Part B
  • You must permanently reside in the plan’s service area

For more information about Medicare, contact us at 1-941-405-3900.

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