Medicare Part D helps cover prescription medication costs. Without it, medications could drain your retirement savings.
How Medicare Part D Works
- Monthly Premium: Average $30-$50/month
- Annual Deductible: Up to $590 in 2026
- Copayments: You pay your share of each prescription
Tips for Choosing a Part D Plan
1. Check the Formulary: Ensure your medications are covered.
2. Compare Pharmacies: Some plans offer lower copays at preferred pharmacies.
3. Consider Total Costs: Look beyond the premium to all costs.
Need help finding the right Part D plan?