Medicare Part D is an insurance program that helps cover the cost of prescription drugs for people who are eligible for Medicare. It’s offered by private insurance companies
approved by the Centers for Medicare & Medicaid Services (CMS). You can enroll in a
stand-alone Part D plan, or you can join a Medicare Advantage plan that includes
prescription drug coverage. You pay a monthly premium for the plan, an annual deductible (if applicable), and co-pays or co-insurance for the medications that you
need.
In 2025, Medicare will remain a cornerstone of healthcare in the United States, providing vital coverage to millions of seniors and individuals with certain disabilities. Established in 1965, Medicare has evolved to meet the changing needs of its beneficiaries and the healthcare landscape. This introduction will explore its key components, eligibility criteria, coverage options, and significance in today’s healthcare system.
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