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Things you should know about Medicare Part D - Part I of a series on Medicare Part D Prescription Drug Program - 'The Gap' is no

 

Last updated 10/18/2007 at Noon



The Medicare prescription drug program is a part of the Improvement and Modernization Act of 2003. The original Medicare Part D drug program was to be managed by the federal government and was even more complicated than the plans that now exist.

The current plans are managed by insurance companies who have contracts with drug companies and pharmacies. There are hundreds of insurance companies nationwide offering coverage for Medicare Part D.

California alone has 121 insurance companies in 2007. Each company that is not an HMO offers three types of plans with different deductibles, premium...



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