This article discusses Medicare Part D plans . It will cover what the plans are about, who coverage providers are, who is eligible and some of the costs associated with it.

Medicare Part D is prescription drug coverage for Medicare recipients. These plans are not provided by the government. Instead, private insurers administer Medicare Part D plans. If you are a Medicare recipient, then Part D is available to you.

If you have either, or both, Medicare Part A and Part B, then you are a Medicare recipient. Or, if you are in Part C, you may also be able to get Medicare Part D. You may have drug coverage as part of a part C plan. If this is the case, you cannot enroll in a Part D plan.

The Medicare part D plans are regulated. They must adhere to a standard level of care. The costs are not regulated and vary by Medicare drug plan. There are costs associate with part D: monthly fees, yearly deductible and co-insurance.

It is a good thing to enroll in a Medicare drug plan as soon as you are eligible. If you wait, it will cost you in terms of higher monthly premiums.

Monthly premiums for Medicare Part D plans vary with each plan. These fees are added to the Part B premium. If you have your prescription coverage with a Medicare Part C plan, your cost of coverage is usually included in the Part C premium.

Each year you must pay a certain amount for your prescriptions before coverage begins. This is called the yearly deductible. Not all plans have a yearly deductible. These plans generally have higher monthly costs.

When you are at the pharmacy, you may be asked to pay for part of the prescription. This is known as co-pay or co-insurance.

The coverage gap occurs when your prescription purchases are greater than a certain amount. At this point, you have to pay for all of your medication out-of-pocket until you reach a yearly out-of-pocket limit. After reaching the second limit, the plan begins paying again.

In summary, Medicare D plans provide prescription drug coverage. Government sanctioned, private insurance companies provide the plans. You are eligible for Medicare Part D when you are are eligible for Medicare. The costs vary among plans. Be sure to check the total cost including monthly premiums, annual deductibles and co-pays.

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