Which program helps cover the cost of prescription drugs for Medicare beneficiaries?

Medicare Part D is specifically designed to assist Medicare beneficiaries with the cost of prescription drugs. This program was established to provide comprehensive prescription drug coverage, allowing individuals enrolled in Medicare to access necessary medications at a lower cost. Beneficiaries can enroll in a standalone prescription drug plan or receive drug coverage through Medicare Advantage plans (Part C) that include this benefit.

This coverage is critical for many seniors and individuals with disabilities, as the cost of prescription medications can significantly impact their healthcare expenses. Medicare Part D plans vary in terms of costs, covered drugs, and pharmacy networks, allowing beneficiaries to select a plan that best fits their medication needs and budget. The availability of this program has significantly improved access to essential medications for millions of Americans enrolled in Medicare.