What is the difference between Medicare Advantage prescription drug (MA-PD) coverage and prescription drug plan (PDP) coverage?
Medicare Advantage plans that offer prescription drug coverage are known as MAPD plans and offer Medicare Part A, Part B, and Part D benefits, whereas PDPs are stand-alone plans and offer only prescription drug coverage (Part D benefits). In general, MA-PD plans have all the same requirements (bidding and beneficiary protections) as PDPs. However, MA-PD plans can use Medicare payment funds for Part A and Part B to buy down the cost of Part D benefits. Thats why Medicare Advantage organizations can frequently offer Medicare basic drug coverage at little to no monthly drug premium.
Related Questions
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