💨 Abstract

About 68.5 million Americans are enrolled in Medicare, with 90% being over 65. Medicare Part D is an optional prescription drug plan covering self-administered medications. It's offered standalone or within Medicare Advantage plans and each plan has a unique formulary. Enrolling late can result in a 1% monthly penalty for life. Initial enrollment lasts 63 days, with an annual open enrollment from October 15 to December 7.

Courtesy: WTOP Staff