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In need of Prescription Drug Coverage? Let The Medicare Helpline find the right Medicare plan for you!

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What is a Medicare Part D Prescription Drug Plan?

Medications are a big piece of your Medicare Insurance plan. It’s important to know that Original Medicare (Parts A and B) do not cover prescription drug costs. But you can get these types of costs covered through Medicare Part D, which is a federally administered program through private insurance companies. Medicare beneficiaries can:

*Medicare Part D enrollment has doubled since 2006, now totaling 45 million people in 2019. This represents 70% of all Medicare beneficiaries.

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How does Medicare Part D work?

Medicare Part D is insurance for your prescription drug needs. You pay a monthly premium to an insurance carrier for your Part D plan and use the insurance carrier’s network of pharmacies to buy your medications. Instead of paying the full price for the prescription medication, you will pay a copay or a percentage of the drug cost, while the insurance company pays the rest.

What does a Medicare Part D Prescription Drug Plan cost?

Most Medicare Prescription Drug plans charge a monthly premium that varies by plan and where you live. In 2022, the annual deductible for Medicare Part D is $480. Depending upon the plan, you may be charged the full Part D deductible, a partial deductible or have the entire deductible waived. When you need a prescription filled, you will pay the network discounted price for your medications until you have satisfied the deductible. Once you’ve reached the deductible, you will pay a copay for your medications based on the drug formulary. The insurance company tracks the amount spent by both you and the insurance company until you have together spent a total of $4,430 in 2022. Once you hit this limit, you will pay only 25% of your brand name medications and 25% of generics. You will continue these amounts until your total out-of-pocket costs have reached $7,050 in 2022.

When can I enroll in a Medicare Part D Prescription Drug Plan?

Medicare prescription drug coverage is an optional benefit available to anyone who has Medicare. If you don’t sign up for Part D when you’re first eligible, you may have to pay a Part D late enrollment penalty. You may enroll in a Medicare Part D Prescription Drug plan:

  • during your Initial Enrollment Period
  • if you qualify for a Special Enrollment Period
  • during the Medicare Open Enrollment, which runs from January 1 through March 31
  • during the Medicare Advantage and Prescription Drug Annual Enrollment Period (AEP), held each year from October 15 through December 7

Part D Drug plans may have changes from year to year. Your plan’s benefits, formulary, pharmacy network, provider network, premium and/or co-payments/co-insurance may change on January 1st of each year. Therefore, it’s a good idea to talk to a licensed sales rep during the Medicare AEP timeframe each fall to understand any changes to your current plan and identify if you should switch to a different plan for the coming year.

Our licensed sales agents are equipped to help you
determine what Medicare plans are available in your area and want to help you receive all the available benefits you deserve. The Medicare Helpline is ready to talk with you about Medicare Part D Plans – just call or complete the online form today!

Couple getting help with Medicare coverage from Medicare Helpline.

Medicare Helpline Can Help You Find the Right Prescription Drug Plan

The Medicare Helpline is here to help! Our licensed sales agents are here for you and they know Medicare inside and out. We will provide side-by-side comparisons to help make it easy for you to decide which plan is right for you. Get started by entering your zip code below:

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Call to speak with a Licensed Sales Agent

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Privacy Policy | Terms of Service

The Medicare Helpline represents Medicare Advantage (HMO, PPO, PFFS, and PDP) organizations that have a Medicare contract. By completing the contact form above or calling the number listed above, you will be directed to a licensed sales agent who can answer your questions and provide information about Medicare Advantage, Part D or Medicare supplement insurance plans. Availability of carriers and products are dependent on your resident zip code.

The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent/producer or insurance company. Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and in some states to those under age 65 eligible for Medicare due to disability or End Stage Renal disease. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program.


The Medicare Helpline is not affiliated with any governmental program or agency. Plans can only be changed during certain times of the year.

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact or 1–800–MEDICARE [(TTY users should call 1-877-486-2048), 24 hours a day/7 days a week] to get information on all of your options.


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**The Medicare Advantage and Prescription Drug Plan Annual Enrollment Period (AEP) runs from October 15-December 7. During this time, Medicare recipients can evaluate their current coverage and enroll in new plans for the upcoming year.