Medicare Part D plans are the Medicare Prescription Drug benefit.  It was established in 2006 as a means of helping seniors help pay for the spiraling costs of prescription drugs.

But like every other government program, to say that Medicare Part D coverage can be confusing would be a huge understatement. 

Therefore, I am attempting to organize the information in a very clear and concise manner so that it is present in a simple and straight forward manner.

The topics I will be discussing will be:

• How to go about comparing Medicare Part D plans?

• An explanation of the Medicare donut hole.  This is the point in your coverage where your costs become significantly higher.  But more importantly, I gave you terrific tips and ideas for how you can go about avoiding the coverage gap as long as possible.

• I go into detail regarding the most important part of the Medicare Part D drug benefit.  This would be the formulary, the listing of the drugs that are covered by the individual plans and how to pick the right plan for you.

• I talk about costs associated with your Medicare Part D plan, including premiums, deductibles and co-payments.

And for those who will have trouble paying for their prescription drugs, there are several options that are available for help that I have detailed information for:

• I go over the many prescription drug assistance programs that are available for low-income seniors.

• And I explain the “Medicare Extra Help” process, which provides additional benefits for those who qualifying seniors to aid in their prescription drug over and above what Medicare Part D normally provides.