2014 Medicare Part D Plans
Search and compare all 2014 Medicare Part D Plans (PDP) in your area with our Part D Plan Finder tool. Medicare Open Enrollment starts October 15th and ends December 7th. During this period, all Medicare beneficiaries can enroll in, change or drop a Part D prescription drug plan.
To see the prescription drug plans available in your area, click on your state link below.
You are eligible for prescription drug coverage under Medicare Part D as soon as you are entitled to Medicare Part A and/or enrolled in Medicare Part B. You can get drug benefits through two types of private plans: a Prescription Drug Plan (PDP) that provides drug coverage only or a Medicare Advantage plan with prescription drug coverage (MA-PD), also known as Medicare Part C. About 66% of all Part D beneficiaries use the PDP-only option.
All prescription drugs are not covered at the same level. There are five standardized tiers in each drug formulary, giving participants incentives to choose generics over brand name drugs. The lower-cost medications are assigned to lower tiers making plans easier to compare.
You must affirmatively enroll in a PDP to participate. It’s not automatic. The enrollment period starts on 15 October and ends 7 December 7. If you are eligible for Medicare and don't enroll during the open enrollment period (or your individual enrollment period if you are just turning 65) you will have to pay a late-enrollment penalty (LEP) to use the benefit. The penalty is about 1% the average premium times the number of months that that you were eligible but not enrolled.
Share this page with your friends using our social sharing buttons. This catalog of Medicare Part D prescription plans is managed by David Bynon. See an error? Please let him know.