Choosing the right Medicare health plan is one of the most important decisions you can make. But, sorting through all the different plans can be confusing. We're here to help!

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Medicare Part D plans are stand-alone plans that provide some coverage for generic and brand name prescription medication. Private insurance companies offer these prescription drug plans. Read our exclusive review - Medicare Part D: A Report Card

Eligibility

It is important to enroll in Medicare Part D as soon as you are eligible. Otherwise, you may have to pay a late enrollment fee.

You become eligible for Part D during the three months before and the three months after you turn 65. You must have Medicare Parts A and B or a Medicare Supplement plan; if you have Medicare Advantage, you are not eligible (you should already have prescription drug coverage).

The "doughnut hole"

Plans vary in cost, the drugs they cover and the pharmacies in their network. You pay a monthly premium and a yearly deductible. But, in some plans, there is a gap in coverage once you reach a spending limit (usually $2,700). After this amount is reached, there is no coverage or limited coverage until you reach another limit (around $4,350). This is called the "doughnut hole."

If you don't require expensive prescription drugs, this may not concern you; however, if you need expensive medication, check your plan coverage.

What you should know

• You may have to pay a late enrollment fee if you don't enroll as soon as you are eligible.
• Check your plan for the "doughnut hole."
• Check your plan to make sure the prescription drugs you need are covered. Also check that the dose and quantity you need is covered.

Find a plan

If you are ready to get started, enter your zip code in the box at the top of the page.