What is the purpose of Medicare Part D?

The purpose of Medicare Part D is to offer prescription drug coverage. This program was implemented to help beneficiaries manage their medication costs, making prescription drugs more affordable for millions of seniors and individuals with disabilities. Part D plans are offered through private insurance companies approved by Medicare, providing coverage for a wide range of medications, which helps improve access to necessary treatments and enhances overall health outcomes for enrollees. By ensuring that beneficiaries have the means to afford their prescriptions, Medicare Part D plays a critical role in the broader Medicare framework focused on health management and well-being.