Medicare Part D Prescription Drug Plans in Florida — Stop Overpaying at the Pharmacy
Part D drug plans change every year — and so does your cost. A licensed Florida advisor will review your current medications and find the plan with the lowest total cost for your specific prescriptions.
What is Medicare Part D?
Medicare Part D is prescription drug coverage offered through private insurers approved by Medicare. Each plan has a formulary (list of covered drugs), different tiers with different costs, and a monthly premium. The plan that was cheapest last year may not be cheapest this year — drug plans must be reviewed annually.
How Part D Drug Plans Work
Each Part D plan has a formulary — the list of drugs it covers. Drugs are organized into tiers, with lower tiers (generics) costing less and higher tiers (brand-name and specialty drugs) costing more.
The 4 Phases of Part D Coverage (2026)
Deductible Phase
You pay 100% of drug costs until you meet your deductible (up to $590 in 2026 — some plans have $0 deductible)
Initial Coverage Phase
You pay your plan's copay or coinsurance; plan pays the rest
Catastrophic Coverage
After $2,000 in out-of-pocket drug costs in 2026, you pay $0 for covered drugs for the rest of the year (the "donut hole" has been eliminated)
$0 After Cap
Once you hit the $2,000 out-of-pocket cap, all covered drugs are free
This is a major change in 2026 — if you were paying thousands in the coverage gap (donut hole) in previous years, your costs may be significantly lower now.
Why Your Part D Plan Needs an Annual Review
Every January 1, Part D plans can change:
A drug that cost you $30/month last year may cost $90/month this year — or may have been dropped from your plan's formulary entirely. The only way to know is to review your plan every Annual Enrollment Period (Oct 15 – Dec 7).
Who Needs a Standalone Part D Plan?
You NEED a standalone Part D plan if you have:
- Original Medicare only (Parts A and B)
- A Medicare Supplement (Medigap) plan (which does not include drug coverage)
You do NOT need a standalone Part D plan if you have:
- A Medicare Advantage plan that includes drug coverage (MAPD)
Important:
If you delay enrolling in Part D when you first become eligible and don't have other creditable drug coverage, you may face a late enrollment penalty — 1% of the national base premium for every month you were eligible but not enrolled.
We compare plans from top carriers:
Frequently Asked Questions About Medicare Part D
Stop Overpaying for Prescriptions
We'll review your current medications and find the Part D plan with the lowest total cost — including premiums, deductibles, and copays.