How to Understand Medicare Part D Coverage

The Transition to Medicare Podcast

When it comes to Medicare, Prescription Drug coverage (also called Part D) is often the most confusing and misunderstood piece of coverage that you will encounter. There are only a few different "phases" of Part D coverage, but each one can and likely will impact you financially when you go to the pharmacy to fill prescriptions.
Because this topic can be hard to understand without visual information, here are some links to articles that can help you visualize what we talked about in today's episode:
four phases of Part D coverage: https://www.medicareinteractive.org/get-answers/medicare-prescription-drug-coverage-part-d/medicare-part-d-costs/phases-of-part-d-coverage
Understanding the True out-of-pocket cost (Troop): https://q1medicare.com/PartD-WhatIs-TheTrueOutOfPocketExpense.php#:~:text=TrOOP%20costs%20are%20those%20prescription,the%20Donut%20Hole%20is%20%247%2C400.
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