What does Medicare Part D cover?

Medicare Part D is a prescription drug coverage program offered by private insurance companies approved by Medicare. It helps cover the cost of prescription drugs, including both brand-name and generic medications. Part D provides access to a wide range of prescription drugs, including those used to treat chronic conditions such as diabetes, heart disease, and cancer. The coverage includes medications obtained at retail pharmacies, mail-order pharmacies, and long-term care pharmacies. However, each Part D plan has a formulary, which is a list of approved drugs it covers. The formulary may include both generic and brand-name drugs, with different cost-sharing tiers. It is important to review the formulary and compare plans to find one that covers the specific medications needed at the most affordable cost.