Medicare 101
Understanding Medicare Part D
Medicare Part D covers prescription drugs through private plans. You can get it standalone (with Original Medicare or Medigap) or inside a Medicare Advantage plan. Each plan has a formulary (its covered-drug list) with tiers that set your cost. For 2026, there's a roughly $2,100 annual out-of-pocket cap.
Choosing the right plan
Match your exact medications to each plan's formulary and tiers — not just the premium. The right plan can save hundreds a year. We run your drug list for you.
Questions, answered
What is the Part D donut hole in 2026?
The coverage-gap 'donut hole' is effectively gone, replaced by a ~$2,100 annual out-of-pocket cap. After you hit it, covered drugs cost $0 the rest of the year.
Talk to a local Sioux Falls advisor
Free, no pressure — we compare your options for you.