Medicare Part D

If you’re looking for Part D prescription drug coverage, the best place to start is medicare.gov. There you enter your prescriptions and receive a list of the Part D plans that cover your medications and provide the best prices.

The following two documents provide instructions and a checklist of information for you to gather before going to Medicare’s website:

• Medicare Drug Plan Finder Instructions
• Information Collection Sheet for Prescription Drug Coverage 

If you prefer assistance, your Everence representative is available to help you find the best Part D plan. (Most representatives charge a fee for this service.)

The basics

Medicare Part D provides prescription drug coverage for everyone eligible for Medicare. It’s important to know that:

• If you don’t enroll in a Part D plan when you first become eligible for Medicare, you may enroll during the annual open enrollment period that runs from Oct. 15 to Dec. 7.
• Depending on your circumstances, you may also be eligible to enroll at other times. Your Everence representative can tell you more.
• Participation in Part D is voluntary.

How Part D plans differ

Part D plans differ in the following areas:

• The pharmacies they work with
• The prescriptions they cover
• The copay you pay for each prescription. (Note that some plans use dollar amounts and other plans use a percentage of the total cost. This can make it difficult to compare costs.)