Medicare Part D (Prescription Drug Plans)
Website: www.medicare.gov
Description:
Prescription drug coverage provided by private companies approved by Medicare. With Part D, you pay a monthly premium to an insurance plan, which then helps cover the cost of your prescriptions instead of paying the full price out of pocket. Each plan has its own costs (premiums, deductibles, copays), covered medications (formulary), and rules for coverage (such as prior authorization). For guidance on enrolling in Part D or applying for Extra Help—a program that reduces prescription costs through the Low-Income Subsidy (LIS) for eligible enrollees with limited income and assets—call Affordable Medicine Options for Seniors (AMOS) at 865-546-6262 for assistance.