Medicare Part D 2
The formulary of a plan is just a list of the medicines the plan covers. If one or more of the medications you take are not in plan form, look here https://www.medicareadvantageplans2020.org
Most plans have a network of pharmacies that they want you to use to get the best prices. If you go to a pharmacy that is not in your plan network, you may need to pay more for your prescriptions. Make sure your favorite pharmacy is in your plan network.
Many prescription drug plans may offer a lower price if the drug is mailed. The plan may also require you to get a supply of 3 months at a time. In most cases, this is not a problem, but you can consult your doctor to ensure that the matching order is appropriate for your medications.
Service and convenience
If you have a Medicare Advantage plan with prescription drug coverage, there is only one company to contact if there is a problem with your coverage. If your prescription medication plan has a different provider than the other Medicare insurance, it may be more challenging to coordinate benefits between plans.
A word about the Donut Hole
If you have done any research on Medicare prescription drug plans, you have probably heard of the so-called screw hole. The period without coverage is a coverage gap that occurs when you and your plan reach a pre-defined limit on drug spending. When this limit is reached, your medication plan stops paying and you are responsible for 100% of your medication costs for a while. If you reach the next level of expenses, your medication plan will be restarted and you will pay an even larger portion of your medication costs.Keep in mind that every prescription drug plan currently comes with an uncovered period. The good news, however, is that many people never reach the screw hole. In addition, discounts on branded and generic drugs are available for those who reach the period without coverage, and the coverage gap should be completely eliminated by 2020.
When you are ready to sign up
If you are eligible for Part D and are ready to apply, there are many resources available to help you. There is detailed information about Part D on Medicare.gov, plus a Medicare Plan Finder. You can also find out if you are eligible for Extra Help to pay for prescription drugs. Finally, Medicare Solutions Medicare insurance specialists are available to help you find a plan that meets your needs. Tell them where you live and what medications you are currently taking, and they will help you find a medication plan that works for you.