Enrollment in these plans depends on the plan’s contract renewal with Medicare. Medicare Advantage and Prescription Drug Plans are offered by a Medicare Advantage organization and/or Part D plan sponsor with a Medicare contract. Plans are insured and offered through separate Blue Cross and Blue Shield companies. Viewing this Medicare overview does not require you to enroll in any Blue Cross Blue Shield plans. Medicare overview information on this website was developed by the Blue Cross and Blue Shield Association to help consumers understand certain aspects about Medicare. After you reach that limit, you will pay only a small share of your prescription costs for the remainder of the year. Some Part D plans require that you pay a percentage (coinsurance) of a medication’s cost every time you fill a prescription.Īlthough plan designs can vary, most Medicare Part D plans have a cost sharing component commonly known as a coverage gap or “donut hole.” The coverage gap is a temporary limit where you are responsible for all of your drug costs until you reach the plan’s annual out-of-pocket limit. Many Part D plans require that you pay a fixed copayment each time you fill a prescription. Most Part D plans require a monthly premium. Part D coverage is generally included in most Medicare Advantage (Part C) plans. Original Medicare (Part A and Part B) with a Medigap Plan.You can choose to receive this coverage in addition to: ![]() Medicare Prescription Drug plans are offered by private health insurance companies and cover your prescription drug costs for covered medications.
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