Call Us Today

Medicare Part D

Medicare Part D is the facet of Medicare that covers your prescription drug costs. Once you qualify for Medicare Part A and Part B, you also have the option to enroll in a separate Part D drug plan.

Who is eligible for Medicare Part D?

Individuals who are eligible for Original Medicare are also eligible for Medicare Part D. This includes people age 65 and over, people receiving disability benefits, and people suffering from ESRD or ALS.

Most people become eligible for Medicare, and consequently Medicare Part D, when they turn 65. You must also be a United States citizen or permanent resident who has resided in the U.S. for at least five consecutive years to qualify for coverage. 

When can you enroll in Medicare Part D?

The first opportunity that you have to enroll in Medicare Part D is during your Medicare Initial Enrollment Period (IEP). This is the seven month period that begins three months before you turn 65 (or reach your 25th month receiving disability benefits), includes your birthday month, and extends for three additional months. 

If you don’t sign up for drug coverage when you are first eligible you may face a late enrollment penalty.  This doesn’t apply to people who have other creditable drug coverage or drug coverage through a Medicare Advantage plan.

You will also have other chances to sign up for Medicare Part D should you choose to delay your enrollment. One example is during the Medicare Annual Enrollment Period (AEP) that occurs each fall.

You may also be granted a Special Enrollment Period (SEP). This gives you the opportunity to sign up for Medicare Part D coverage after your IEP with no penalty. 

If you are becoming eligible for Medicare soon and would like to discuss your prescription drug coverage options, reach out to a licensed insurance agent here at Medicare Plans Direct. We can answer all of your Medicare-related questions and help you find the coverage options that are right for you.

Scroll to Top