What Does Medicare Part D Pay For?

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   Ted Ratliff

   Owner, SFS Associates,

   Medicare Part D is your prescription drug plan.  It is administered by private insurance companies under the supervision of CMS (Medicare).  Medicare sets minimum requirements that all insurance companies must follow.  The companies determine which drugs they will include in their Formulary of drugs that they will cover.  When you select a prescription drug plan make sure that all of your drugs are covered.  Even if you have to pay a little higher premium, the cost of certain drugs can often be far greater than the additional premium to have that drug covered.

   Answered on June 11, 2013

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