Why Medicare Part D?
Prior to January 1, 2006, individuals who depended on Medicare as their sole means of health insurance were left without any prescription coverage, and in an age when a single prescription could cost you hundreds each month, they were left choosing between paying for housing and food or paying for much needed medication. In an effort to alleviate this problem the Health Care Financing Administration (HCFA) created Medicare Part D. While HCFA oversees the program, private health insurance companies administer the plan. In fact, depending on where you live, you will have several company plans to choose from.
