Q & A

What are Medicare Prescription Drug Plans (PDPs)?

Answer: In 2003, the federal government enacted a Medicare prescription drug coverage benefit for Medicare beneficiaries. Private insurance companies, whose plans have been approved by Medicare, sell Medicare PDPs. Everyone with Medicare is eligible to enroll in a PDP, regardless of income or assets.

Source: http://www.derbyinformer.com/article_de677b00-369b-11e3-ab92-001a4bcf6878.html, October 17, 2013

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