Medicare Prescription Drug Plans

Choosing a Medicare drug plan (Part D) is complicated. You need to consider what drugs you take, whether you need brand name medications or generic ones, and if your medications require any special approvals. Then, you need to review your options and determine what your total annual costs are likely to be:

• Lower-cost plans are ideal for people taking generic prescriptions or none. You will not pay much monthly and have coverage if you do need to suddenly fill prescriptions.
• There are other plans with higher monthly premiums but offer better coverage for someone taking several expensive or brand-name medications.

Also, make sure the plan’s formulary covers your medications! You should review your prescription drug plan annually as your needs (and the plans themselves) change. There is an annual Medicare open enrollment from Oct. 15 to Dec. 7 to allow people to change their Medicare Prescription Drug Plan for the next year.

Throughout the year, you should also check pricing on your prescriptions. Your choice of pharmacy can make a big difference. Additionally, you should check whether the prescription cost would be lower using www.Goodrx.com. They show price comparisons between pharmacies and offer coupons that can significantly cut your out-of-pocket costs.

We are not connected with or endorsed by the U.S. government or the federal Medicare program.  We do not offer every plan available in your area. Currently we represent nine organizations which offer 21 prescription drug plans and countless other products in your area. Please contact Medicare.gov, 1–800–MEDICARE, or your local State Health Insurance Program to get information on all of your options. The purpose of this communication is the solicitation of insurance.