You can enroll in a new plan if your current plan will not be offered next year.

Even if you aren’t taking any medications right now, it makes sense to enroll in a drug plan so that you have coverage in case your needs change in the future.

Although there are some similar features of Medicare Part D plans, they are not all the same. There are several different ways in which plans can differ that could affect your access to medications and how much you pay for them.

There are two ways you can get drug coverage. If you have traditional Medicare, you can sign up for a stand-alone prescription drug plan. Or you can join a Medicare Advantage plan that covers all your Medicare benefits including the prescription drug benefit.

If you enroll in a plan during the Medicare Open Enrollment period that runs from October 15 to December 7 each year, your coverage takes effect on January 1 of the following year.

You can submit a new application for a plan other than the one to which you initially applied during the Medicare Open Enrollment period.

No. Part D plan premiums are not allowed to vary depending on your age, health status, whether you have pre-existing conditions, or are a smoker. The monthly premium that any given Part D plan charges is the same for any beneficiary who chooses to enroll in that plan.

No. Drug coverage from the VA (Veterans Affairs) is considered creditable prescription drug coverage, which means the coverage is at least as good as what Medicare drug plans provide, so you do not need to enroll in a Medicare Part D plan.

Beginning in 2023, all Part D plans are required to charge no more than $35 per month for whatever insulin products they cover.

Yes, there is a law that helps you lower your out-of-pocket costs under Medicare Part D, depending on which drugs you take and whether you have very high drug costs. In 2025, your annual Part D out-of-pocket costs will be capped at $2,000.