Answered by AI, Verified by Human Experts
Final answer:A stand-alone prescription drug plan is a Medicare Part D plan that provides prescription drug coverage on its own, separate from other Medicare coverage. It is a suitable option if the individual already has Original Medicare and is solely interested in prescription drug coverage.Explanation:Mr. Peters' agent should explain that a stand-alone prescription drug plan is a type of Medicare Part D plan that provides prescription drug coverage on its own, separate from other Medicare coverage. Unlike a Medicare Advantage Prescription Drug plan (MA-PD), which combines prescription drug coverage with other medical coverage, a stand-alone plan focuses solely on prescription drugs.By opting for a stand-alone prescription drug plan, Mr. Peters can ensure that he has coverage specifically for his prescription medications. This may be a suitable option if he already has Original Medicare (Part A and Part B) and is not interested in the additional benefits offered by a Medicare Advantage plan....