Who provides Medicare Part D?

Medicare Part D is designed to provide prescription drug coverage to Medicare beneficiaries, and it is administered through private insurance companies. These private plans are approved by the federal government but are not provided directly by it. Each private insurance company offers various formularies, premiums, and coverage options under Part D, allowing beneficiaries to select plans that best suit their medication needs.

While the federal government regulates and oversees the Medicare Part D program, the actual delivery of the prescription drug coverage is carried out by these private companies. This model allows for competition among insurers, which can help control costs and provide a range of plan options.

The other options do not accurately represent the structure of Medicare Part D. State governments do not administer the program, nor do non-profit organizations provide Medicare Part D plans. The federal government's role is primarily to establish guidelines and oversee the program rather than provide it directly.