Prescription Drug Plans (Part D): Get the Coverage You Need at the Pharmacy
Whether you take just one medication or several each day, Medicare Part D can help protect your wallet. A Prescription Drug Plan helps cover the costs of:
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Brand Name and generic drugs
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Maintenance medications
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Mail-order and pharmacy prescriptions
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Specialty medications (in some cases)
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At Arnett Evans & Company LLC, we help Medicare-eligible adults in Texas, Florida, Mississippi, Tennessee, Maryland, and Michigan compare their Part D options, avoid costly mistakes, and choose the coverage that fits their life.
What Is Medicare Part D?
Medicare Part D is prescription drug coverage offered by private insurance companies and approved by Medicare. It works alongside Original Medicare or a Medicare Supplement (Medigap) plan.
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There are two ways to get drug coverage:
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As part of a Medicare Advantage plan (MAPD)
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As a standalone Part D plan
Common Questions About Prescription Drug Plans
Do I Need a Prescription Drug Plan If I'm Healthy?
Yes. Even if you don't take Medications now. If you delay enrolling in Part D without other credible coverage (like from an employer), you could face a permanent late enrollment penalty.
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What Drugs Are Covered by Part D?
Each Part D has its own formulary, a list of covered medications. Drugs are placed in tiers, and costs vary by:
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Tier (generic vs. brand name)
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The pharmacy you use
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Your ZIP code
We'll help you review your prescriptions and find a plan that covers them affordably.
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How Much Does a Part D Plan Cost?
Costs vary by plan and location, but typically include:
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Monthly premium (some as low as $0 with help)
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Annual deductible (some plans waive this)
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Copays or coinsurance for each medication
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Tip: Some Medicare beneficiaries may qualify for Extra Help to reduce costs.
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When Can I Enroll in or Change a Part D Plan?
You can enroll or switch plans during:
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Initial Enrollment (around your 65th birthday)
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Annual Enrollment Period (Oct 15-Dec 7)
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Special Enrollment Periods (e.g., moving, losing employer coverage)
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Can I Use My Local Pharmacy?
Yes, but some pharmacies are preferred in certain plans. Using a preferred pharmacy (or mail order) often means lower copays and better pricing.
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We help you check which pharmacies are in-network before you enroll.
