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Drought is widely known as an insidious hazard due to its complex and unique characteristics. Drought disasters have brought tremendous economic losses and significant social and environmental impacts to communities across the globe. To further understand the hazard drought poses and provide insights into planning for drought preparedness, this article conducts a thorough literature review of drought hazard and drought planning frameworks within the United States. Two main approaches and three major forms of drought planning are discussed and summarized. Based on this review, a preliminary overview of drought planning status in the United States is presented. This study provides insight into major drought planning literature and establishes a link with drought mitigation and adaptation. The article concludes with discussion and implication for future drought planning and a future research outlook.