Medicare prescription drug plans provide insurance coverage for prescription
drugs. Like other insurance, there is a monthly premium, and a cost sharing
system for prescriptions. Costs will vary depending on the drug plan you
choose.
This is a voluntary program and you must choose your own plan. Prescription
drug plans will vary in what drugs are covered, how much you have to pay and
which pharmacies you can use. All drug plans provide at least a standard level
of coverage, which is set by Medicare. Some plans might offer more coverage and
additional drugs for a higher monthly premium. It is important to choose a drug
plan that meets your prescription drug needs.
We've provided some additional information to help you understand the drug
program and make an informed decision -
Insurance benefits are underwritten by AEGON
companies including: Transamerica Life Insurance Company and Transamerica
Financial Life Insurance Company (for New York Residents)
