04/21/2026
Do you find Medicare Part D prescription drug coverage confusing? Trust us, you're not alone.
In this blog, we explore Part D and Medicare formularies in more detail to give you a better understanding of your drug benefits.
Original Medicare (Part A and B), introduced in 1965, did not cover outpatient prescription drugs. Over time, Medicare beneficiaries paid increasing amounts for out-of-pocket drug costs that, by 2003 were rising by roughly 12% annually. These higher costs to beneficiaries led Congress to pass the Me...
