Prescription Drug Plan (PDP)
Medicare Glossary
A standalone Medicare Part D plan that adds prescription drug coverage to Original Medicare. PDPs are offered by private insurance companies approved by Medicare and cover a specific list of drugs (formulary) with varying cost-sharing tiers.
This content is for educational purposes only and does not constitute a recommendation of any specific Medicare plan. Benefits, costs, and availability vary by plan and location. For complete information about your Medicare options, visit Medicare.gov or call 1-800-MEDICARE (1-800-633-4227), TTY: 1-877-486-2048, available 24 hours a day, 7 days a week.
Related Articles
Medicare Drug Price Negotiation: Third Round of Drugs Announced
CMS announced the third cycle of Medicare drug price negotiation, selecting 15 drugs including the first Part B medications. Here is what it means for you.
Read MoreMedicare Drug Price Negotiation: Which Drugs Are Affected
Learn how Medicare's new drug price negotiation program works, which medications have negotiated prices, and how these changes affect your prescription costs.
Read MoreMedicare Part D Drug List: How Formulary Tiers and Coverage Work
Understand how Part D formularies are structured, how medications are grouped into tiers, and how to verify your drugs are covered.
Read More