If you’re eligible for Medicare, you may be wondering how to choose the right plan for your prescription drug coverage. With so many options available, it can be overwhelming to navigate the different plans and understand what they cover.

In this article, we’ll go over the basics of Medicare prescription drug coverage and help you understand how to choose the right plan for your needs. We’ll cover the different parts of Medicare, the types of plans available, and important considerations to keep in mind when selecting a plan.

If you want to learn more about a particular topic or product, click here for more information and resources that can help answer your questions and provide you with the information you need.

Understanding Medicare Prescription Drug Coverage

Medicare is a federal health insurance program that’s available to people who are 65 or older, as well as to those who have certain disabilities or end-stage renal disease. There are four parts to Medicare: Part A, Part B, Part C, and Part D.

Part A covers hospital stays, skilled nursing facility care, hospice care, and home health care. Part B covers doctor visits, outpatient care, medical equipment, and preventive services. Part C, also known as Medicare Advantage, is an alternative to traditional Medicare that’s offered by private insurance companies. Part D covers prescription drugs.

It’s important to note that not all Medicare beneficiaries are automatically enrolled in Part D. If you want prescription drug coverage, you’ll need to enroll in a Part D plan through a private insurance company.

Types of Medicare Prescription Drug Plans

There are two main types of Medicare prescription drug plans: standalone prescription drug plans (PDPs) and Medicare Advantage Prescription Drug plans (MAPDs).

PDPs are standalone plans that work alongside original Medicare. They’re offered by private insurance companies and provide coverage for prescription drugs. If you have original Medicare and want prescription drug coverage, you’ll need to enroll in a PDP.

MAPDs, on the other hand, are Medicare Advantage plans that include prescription drug coverage. They’re also offered by private insurance companies and provide all the benefits of original Medicare, as well as additional benefits like vision, dental, and hearing coverage.

When choosing between a PDP and a MAPD, it’s important to consider your healthcare needs and budget. PDPs may be a better option if you have high healthcare costs and want more flexibility in choosing your healthcare providers. MAPDs may be a better option if you’re looking for a more comprehensive healthcare plan that includes additional benefits.

Important Considerations When Choosing a Medicare Prescription Drug Plan

When selecting a Medicare prescription drug plan, there are several important considerations to keep in mind. Here are some key factors to consider:


Each Medicare prescription drug plan has a formulary, which is a list of drugs that the plan covers. It’s important to review the formulary to ensure that the plan covers the medications you need.


The cost of Medicare prescription drug plans can vary widely, so it’s important to compare plans to find one that fits your budget. Be sure to consider both the monthly premium and the out-of-pocket costs like deductibles, copayments, and coinsurance.


If you choose a Medicare Advantage plan, it’s important to review the plan’s network to ensure that your preferred healthcare providers are included. If you choose a standalone prescription drug plan, you’ll want to make sure that the plan’s network includes pharmacies that are convenient for you.

Star Ratings

Each Medicare prescription drug plan is given a star rating based on factors like customer service, member experience, and quality of care. It’s a good idea to review the star ratings of plans you’re considering to ensure that you’re selecting a plan with high ratings.