Real answers for your healthcare questions
How do I choose a Medicare Part D plan?
Answer
Choose a Part D plan by looking at your actual medications, not just the monthly premium. The best fit usually depends on whether your prescriptions are covered, their tier, your pharmacy, and the total amount you could spend during the year.
What to Know
Two plans with similar premiums can produce very different prescription costs. Check the formulary, deductible, copays or coinsurance, preferred pharmacies, prior authorization rules, and any restrictions on the drugs you use. Also consider whether your medications are likely to change.
What to Do Next
Use Medicare's plan comparison tools with an up to date medication list. Review Part D choices each year because formularies, premiums, pharmacies, and drug costs can change from one plan year to the next.
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