Medicare Part D Prescription Drug Plans

The federal government's program for prescription drug coverage is known as Medicare Part D. This optional coverage is available to everyone with Medicare, and can protect against high prescription drug costs. To get Medicare drug coverage, you must join a Medicare drug plan, available from insurance companies and other private companies approved by Medicare. Costs and coverage will vary depending on which drug plan you choose.

How do I get more information and enroll in Part D?

Enrolling is easy. Call us for details and cost comparisons from top rated companies. We can answer your questions and handle your enrollment over the phone. Your application will be sent to you in the mail, or personally delivered if you prefer. Coverage becomes effective on the first day of the month after your enrollment.

What is Open-Enrollment for Medicare Part D?

Open Enrollment (Also known as the Initial Election Period or IEP) is a one-time event when an individual first has the opportunity to enroll in a Medicare Part D insurance plan. For most people this occurs when turning age 65 and enrolling in Medicare parts A and B for the first time. It is a seven month period beginning three months before you turn age 65 and extends three months after your birth month.

When is the Annual Election Period?

The Annual Election Period (AEP) is from November 15 through December 31 of each year. Anyone who is already enrolled in Medicare Part D can change plans during this period without penalty. Coverage will begin on January 1 of the following year. If you chose not to enroll during your initial Open Enrollment Period, you may enroll in Medicare Part D between November 15 and December 31 each year, but penalties will apply unless you have had "creditable" prescription drug coverage while you were eligible.

Can I Join a Medicare Drug Plan at Other Times?

In certain situations, you may be able to join, switch, or drop plans at other times without penalty if you meet special conditions set by the government (like if you move out of the service area or lose creditable coverage through no action of your own).  Call Medicare Solutions for more information about Special Election Periods (SEP).