Part D: Drug Program drug coverage
The drug program is a way to add coverage to Original Medicare. It helps cover the costs of prescribed medications.
Prescription Drug Plans are usually priced between $15-$40 per month and you can sign up by visiting medicare.gov or by calling 1800-MEDICARE.
Each Medicare Prescription Drug Plan has its own list of covered drugs. This is known as a formulary. It contains a list of drugs under a certain plan. The drugs are placed into different tiers and each tier has a specific cost.
Depending on the drug, a plan may have rules associated with it. The drug might:
- Require prior authorization
- Use Step Therapy
- Have quantity limits