What is a Medicare Part D prescription drug plan?

A Medicare Part D prescription drug plan is a type of health insurance plan offered to seniors in the state of North Carolina. This plan is designed to help seniors cover the cost of their prescription drugs. It is administered by the federal government and overseen by the Centers for Medicare & Medicaid Services (CMS). Medicare Part D plans are offered to seniors through private insurance companies that have contracts with the federal government. When enrolling in a Part D plan, seniors will be asked to choose a coverage option based on their individual needs and budget. Most plans will require an annual enrollment fee and copayment for prescription drugs. The plan will cover generic and brand-name drugs, and some plans will also cover medications not covered by Medicare. Some may also provide additional benefits such as vision or hearing coverage. All Medicare Part D plans cover a wide variety of drugs, though there may be differences in the drugs covered by each plan. Seniors may also be eligible for extra help through the Extra Help program, which helps pay for the premiums and copays associated with their prescription drug plan. Low-income seniors may be eligible to have additional costs waived or reduced. It is important to review the plan details before enrolling in a Medicare Part D prescription drug plan. Seniors should ask questions, compare plans, and research their options to make the best choice for their needs.

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What is a Medicare Part D prescription drug plan?

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