If you define having insurance coverage for your prescription drugs when you are age 65+ as "good" when prior to the Bush administration's implementation of this plan seniors on traditional Medicare didn't, then Medicare Part D is definitely a good thing. In fact, some would argue that Medicare Part D, with its pesky reliance on private insurance options and marketplace competition, is the only part of Medicare that has delivered on it's promises of expanding coverage for a high utilization population segment and managed to come in under initial cost projections.
Medicare Part D is just another level of Medicare coverage specifically designed to address prescription drug coverage. As with Medicare supplement plans, different insurance carriers offer Medicare Part D plans with different levels of coverage and price points for consumers to select from during their initial eligibility period and subsequent open enrollment renewal years. This means that the consumer is obliged to shop around because not all Medicare Part D plans are created equal, far from it. Most consumers would be well served to use the services of an insurance broker who is knowledgeable in the various Medicare Part D plans available in their marketplace.
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Medicare Part D is just another level of Medicare coverage specifically designed to address prescription drug coverage. As with Medicare supplement plans, different insurance carriers offer Medicare Part D plans with different levels of coverage and price points for consumers to select from during their initial eligibility period and subsequent open enrollment renewal years. This means that the consumer is obliged to shop around because not all Medicare Part D plans are created equal, far from it. Most consumers would be well served to use the services of an insurance broker who is knowledgeable in the various Medicare Part D plans available in their marketplace.