Prescription Drug Plans (Part D)
Part D helps cover the cost of your prescriptions. You can get it as a standalone plan or bundled with a Medicare Advantage plan.
What to know
- Covers a wide range of medications (check each plan’s formulary).
- Plans use preferred pharmacies and drug tiers that affect your copays.
- Monthly premiums and drug costs vary by plan and pharmacy.
How to keep costs lower
- Use a preferred pharmacy when possible.
- Ask about generics or lower-tier alternatives.
- Confirm your exact medications and dosages are on the plan’s formulary.
When you can enroll
- IEP: Around your 65th birthday.
- AEP: Oct 15 – Dec 7 (changes start Jan 1).
- SEPs: Certain life events (move, loss of coverage, Extra Help/Medicaid).
See enrollment windows
Not sure which plan fits your medications? Call Rachel Carroll at (575) 545-0056. We’ll run your meds and pharmacy to find a best-fit plan.
