Medicare offers prescription drug coverage to everyone with Medicare. If you decide not to join a Medicare Prescription Drug Plan (Part D) when you're first eligible, and you don't have other creditable prescription drug coverage, or you don't get extra help, you'll likely pay a late enrollment penalty. To get Medicare drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered. For information please visit THIS SITE
Keep in mind – Medicare only pays 80% of your Part A and Part B benefits. A Medicare Advantage Plan is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with ALL your Part A and Part B benefits. Medicare Advantage Plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you're enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren't paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.
Typically you choose a doctor from a broad network of physicians to coordinate your care. These plans have affordable, fixed costs, and offer all the benefits of Original Medicare—plus some added features. And again, most Medicare Advantage Plans offer Part D prescription drug coverage.