Medicare Part D Prescription Drug Coverage

Estate Planning and Tax Advisor & Alert

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PUBLISHED ON: May 1, 2006

The Medicare Modernization Act of 2003 (the Act) added a new provision, commonly known as Medicare Part D prescription drug coverage, to the federal Medicare laws. Since January 1, 2006, all Medicare beneficiaries have had a choice of private drug plans, offered by many insurance companies, to help them reduce the costs of their prescription drug expenses.