In 2006 Medicare stated the Part D prescription drug program directly through Medicare.
If you wish to elect a Part D drug program you must choose an insurance company to carry this for you.
If you do not elect a Part D drug plan when you are initially eligible, you will be charged a penalty if you
elect one in the future. If you qualify, based on your income and assets, social security has a low income subsidy program that will pay your monthly premium. Also, your co-pays will be reduced on your drug plan, if you qualify. The Part D prescription drug plan has several parts or stages. A deductible, the initial coverage stage, the gap, and the catastrophic coverage. Some plans even have a deductible before the coverage begins. There are over 40 Part D drug plans in Alabama. These plans have different formularies, deductibles, premiums, and coverage. You will make these payments throughout the year in a Medicare Drug Plan: