Part D = Prescription Drug Plan
Medicare D, additionally called the Medicare prescription drug plan, is an optional US federal-government program to help Medicare beneficiaries pay for self-administered prescription drugs through prescription insurance premiums. The expense of nearly all prescriptions is covered under optional Component B of USA Medicare. Part D was made available as part of the Medicare Modernization Act of 2003 (which likewise made changes to the general public Part C Medicare health insurance plan program) as well as entered into existence on January 1, 2006.
Individuals on Medicare are qualified for prescription drug insurance coverage under Medicare Part D if they are registered for advantages under Medicare Part A and/or Part B. Beneficiaries obtain the Part D drug benefit with 2 types of strategies administered by private insurer or various other sorts of sponsors:
- the beneficiaries can join a standalone Prescription Drug Strategy (PDP) for medication protection.
- they can join a public Part C health insurance plan that jointly covers all healthcare facility and clinical services covered by Medicare Part A and Part B at a minimum, and also usually covers extra healthcare costs not covered by Medicare Part A and B including prescription medicines (MA-PD).  (NOTE: Medicare recipients require to be enrolled in both Part A and Part B to pick Part C whereas they need only A or B to choose Part D.).