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Explore Medicare Part D with SelectQuote.
In just minutes, we can compare Medicare plan options available in your area. It’s free and there’s no obligation to enroll.
No obligation to enroll
Enrolling in Medicare Part D
A Medicare Part D Prescription Drug plan is an elective form of Medicare plan coverage, which means that you’re not required to enroll in one. If you choose to enroll in Part D later than your Initial Enrollment Period, there could be significant penalties. To avoid this and to ensure you have prescription drug coverage when you need it, you should enroll in Medicare prescription drug coverage when you are first eligible for Original Medicare.You can make changes to your prescription drug coverage during the Medicare Annual Enrollment Period (AEP), which runs October 15 to December 7.It’s important to know that Part D plans can change their formulary and benefits each year. The formulary determines how much of the cost of each medication they will cover, so it is a good idea to review your drug coverage during AEP. Even if your medications don’t change, it is possible to save money on a different plan. On the other hand, if you are happy with your prescription drug plan, you can simply allow it to renew automatically at the end of the year.
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