Final answer:
The Medicare Prescription Drug Plan finder is a tool designed to help individuals determine the most suitable Medicare plan for their health needs, including prescription medication coverage.
Step-by-step explanation:
Medicare has a Prescription Drug Plan finder that will help you determine what plan is best for you. This service is particularly valuable for seniors and the disabled, who often require several prescription medications, an issue addressed by the Medicare Prescription Drug and Modernization Act of 2003. The act introduced a prescription drug discount card system that saves beneficiaries approximately 15 to 25 percent annually on their medications.
Medicare also offers Plan A for hospital coverage and Plan B, which is similar to private health insurance for services outside the hospital like physician visits and outpatient services, with the government paying a significant portion of the costs, while recipients pay monthly premiums, deductibles, and copayments.