Which program provides prescription drug coverage through private companies approved by Medicare?

Medicare Part D is specifically designed to provide prescription drug coverage through private companies that are approved by Medicare. This program allows beneficiaries to enroll in plans that cover a variety of prescription medications, helping to reduce out-of-pocket costs for medications. Each plan within Medicare Part D can vary in terms of the drugs covered and the costs associated with them, but they are all regulated and must adhere to Medicare standards.

The focus of this program is to enhance access to necessary medications, which is essential for individuals managing chronic health conditions or requiring medications for other health needs. By selecting a plan under Medicare Part D, beneficiaries can choose coverage that best fits their prescription requirements, ultimately contributing to better health outcomes.

In contrast, Medicare Part A primarily covers hospital stays and inpatient care, while Medicare Part B covers outpatient services, preventive care, and some physician services. Therefore, neither of these parts addresses prescription drugs. Although there are instances where certain medications may be covered under Parts A and B (for example, medications administered in a hospital), they do not offer the broad prescription drug coverage that Part D provides.