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Bookmark or Share- How much does Medicare drug coverage cost? | MedicareThe Part D late enrollment penalty is calculated by multiplying 1% times the “national base beneficiary premium” ($36.78 in 2025) times the number of full, uncovered months you were eligible to join Medicare drug coverage but didn’t (and didn’t have other creditable prescription drug coverage).
- What's Medicare Drug Coverage (Part D)?Medicare drug coverage (also known as Medicare Part D) helps pay for the brand-name and generic drugs you need. It's optional and offered to everyone with Medicare by insurance companies and other private companies approved by Medicare.
- Medicare Advantage & other health plansMedicare health plans provide Part A (Hospital Insurance) and Part B (Medical Insurance) benefits to people with Medicare. These plans are generally offered by private companies that contract with Medicare.
- Find a Medicare planGet more coverage, once you have Part A and/or Part B. First time joining a Medicare health or drug plan? Find Medicare health & drug plans. Use your account. Save time by logging in. Get a summary of your current coverage; Use your saved drugs & pharmacies to compare plan costs; Log In.
- What if I want to switch, drop, or rejoin drug coverage?What's Medicare Drug Coverage (Part D)? Drug coverage basics; Choose how you get drug coverage; What if I want to switch, drop, or rejoin drug coverage?
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