Prescription Drug Plans – Part D

If you’ve enrolled in Original Medicare, then you probably know that prescription drug coverage typically isn’t included in that type of policy. The good news is that there’s still a way you can get prescription drug coverage! Enrolling in Part D is an excellent way to make sure that you’re saving money at the pharmacy, so let’s dive into what exactly this type of coverage is.

Understanding Part D

Part D is the best way for individuals enrolled in Original Medicare to get prescription drug coverage. Part D is typically very affordable and could end up saving you thousands of dollars annually, so it’s an important part of coverage to understand.


Part D is organized in a very specific way.

Part D policies are divided up into different tiers, with each tier representing certain medications. You’ll need to decide which tier you want if you’re going to be enrolling in this type of policy, as that will determine the medications that are covered. 

When you’re going to pick which tier you’d like, it’s important to be sure that you think not only about your current prescription drug needs, but also any potential needs that could possibly arise in the future. Doing this is a good way to make sure that you’re prepared for multiple situations and you’re doing everything you can to be proactive about your coverage.

Medicare Advantage

Part D is not an option for individuals who are enrolled in Medicare Advantage. However, many Medicare Advantage plans come with built-in prescription drug coverage. If you’re considering enrolling in Medicare Advantage, take some time to speak with an insurance professional about ways that you can get prescription drug coverage.


Are you worried about paying for the costs of Part D? If you are, the good news is that many people find that this is a very cost-effective insurance option. There are two main costs that you should be aware of: your premium and your yearly deductible.

Your premium is the amount that you’ll need to pay monthly. This is the amount that you pay in order to keep your coverage. Making sure that you always pay your premium is important, as you could lose access to your coverage if that amount goes unpaid.

Your deductible is the entire amount that you’ll need to pay out-of-pocket before the rest of your coverage kicks in. You’ll only pay money towards your deductible when you receive medications.

Have an Agent Contact You

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The Senior Benefits Advisor is here to help YOU navigate all the options and make the best decision for you.

As a Knoxville-based Medicare advisor, I’m here to answer your questions, identify solutions, and compare cost and coverage details. With my expert guidance, you can comfortably and confidently decide which plan is best for you.

Have an Agent Contact You

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