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Medicare Part D (drug plans), decoded.

Q: What is Medicare Part D?

Part D is Medicare's prescription drug coverage, offered by private plans approved by Medicare. You can get it as a standalone plan alongside Original Medicare (or a Medigap plan), or built into most Medicare Advantage plans. Each plan has a formulary — its list of covered drugs organized into cost tiers.

Q: How do I choose the right Part D plan?

The plan with the lowest premium is rarely the cheapest overall. What matters is your total annual cost — premium plus what you will pay for your specific drugs on that plan's formulary and preferred pharmacies. A licensed agent can run your exact medication list against every available plan, for free, to find your true lowest cost.

Q: When can I enroll in Part D, and is there a penalty for waiting?

You can first enroll when you are new to Medicare, then change plans each year during the Annual Enrollment Period (October 15 to December 7). If you go 63 or more days without creditable drug coverage after you are eligible, you will owe a late-enrollment penalty added to your premium for life — so it usually pays to enroll on time.

Part D covers your prescription drugs — but every plan has a different formulary, pharmacy network, and price for your specific medications. We compare each Part D plan available in Tacoma & Pierce County against your exact drug list to find your lowest total cost. Free reviews. Zero pressure. No cost for our services.

Book a Free Medicare Review 🗓️ When do I enroll? — Free tool

30 yrs in financial & healthcare industries All available plans compared $0 for our services Bilingüe — English & Español

Understanding Medicare

Four parts.
One clear picture.

Medicare is federal health insurance for people 65 and older, and some younger people with disabilities. It has different parts that cover different types of healthcare services — here's the map.

Part A

Hospital

Covers hospital stays, skilled nursing, and hospice care.

Part B

Medical

Covers doctor visits, outpatient care, and medical equipment.

Part C

Medicare Advantage

The all-in-one alternative to Original Medicare.

Part D

Prescription

Prescription drug coverage for the medications you take.

The big decision

Medicare Advantage vs.
Medicare Supplement

Both paths can work beautifully — for the right person. The difference comes down to networks, premiums, and how you like to use your coverage.

Part C

Medicare Advantage

✓ Replaces Original Medicare (Parts A & B)
✓ Often includes prescription drug coverage
✓ May include dental, vision & hearing aids
✓ Typically lower monthly premiums
✓ Provider networks and prior authorizations

Medigap

Medicare Supplement

✓ Works alongside Original Medicare
✓ Helps pay Medicare deductibles & coinsurance
✓ No provider networks — see any Medicare doctor
✓ Guaranteed renewable
✓ Separate Part D needed for prescriptions

Not sure which path fits your doctors, medications, and budget? That's exactly what a free Medicare review is for — we compare all available plans, side by side, with no obligation to purchase. Want the fundamentals first? Start with our Medicare education guide.

Important Medicare dates

Miss a window,
and it can cost you.

Medicare runs on a calendar. These are the three enrollment windows everyone should have circled.

Initial Enrollment Period

Around your 65th birthday

3 months before to 3 months after your 65th birthday — your first chance to enroll in Medicare.

Annual Open Enrollment

October 15 – December 7

Each year, you can switch, drop, or join Medicare Advantage and Part D plans for the year ahead.

Medicare Advantage Open Enrollment

January 1 – March 31

For Medicare Advantage plan members — a window to change plans or return to Original Medicare.

📅 Plan Your Enrollment 🎥 Weekly Zoom — Wednesdays @ 5PM

Why choose iCoach Solutions™

A Medicare guide in your corner — at no cost to you.

Built on 30 years in the financial and healthcare industries, in plain English y en español. Here's what working with us looks like:

✓ Licensed Medicare specialists
✓ No cost for our services — ever
✓ We compare all available plans, side by side
✓ Help with enrollment, start to finish
✓ Ongoing support and service, year-round
✓ Annual plan reviews so your coverage still fits

Free Medicare Review

Let our licensed Medicare experts help you understand your options and find the right plan — Advantage, Supplement, or Part D. No obligation, no pressure.

📅 Book a Free Review 📞 Call (253) 453-5885

Medicare, answered

Common Medicare questions

Quick, plain-English answers — and when you want the deep dive, our Medicare education center is free.

What is Medicare Part D?

Part D is Medicare's prescription drug coverage from private plans approved by Medicare. You can get it as a standalone plan alongside Original Medicare (or a Medigap plan), or built into most Medicare Advantage plans. Each plan has a formulary — its list of covered drugs organized into cost tiers.

How much does Part D cost, and what is the new out-of-pocket cap?

You pay a monthly premium plus copays or coinsurance for your drugs. As of 2025, Part D has a $2,000 annual cap on out-of-pocket costs for covered prescriptions — once you hit it, covered drugs cost you nothing the rest of the year. Higher earners also pay an income-related surcharge (IRMAA).

How do I choose the right Part D plan?

The lowest-premium plan is rarely the cheapest overall. What matters is your total annual cost — premium plus what you pay for your specific drugs on that plan's formulary and preferred pharmacies. An agent can run your exact medication list against every available plan, for free, to find your true lowest cost.

When can I enroll in Part D, and is there a penalty for waiting?

You can first enroll when new to Medicare, then change plans each year during the Annual Enrollment Period (October 15 to December 7). Go 63+ days without creditable drug coverage after you are eligible and you will owe a late-enrollment penalty added to your premium for life — so it usually pays to enroll on time. Book a free review or call (253) 453-5885.

Medicare Part D (drug plans), decoded.

Four parts.One clear picture.

Hospital

Medical

Medicare Advantage

Prescription

Medicare Advantage vs.Medicare Supplement

Medicare Advantage

Medicare Supplement

Miss a window,and it can cost you.

Initial Enrollment Period

Annual Open Enrollment

Medicare Advantage Open Enrollment

A Medicare guide in your corner — at no cost to you.

Free Medicare Review

Common Medicare questions

Navigate Medicarewith confidence.

Four parts.
One clear picture.

Medicare Advantage vs.
Medicare Supplement

Miss a window,
and it can cost you.

Navigate Medicare
with confidence.