Finding The Best Medicare Part D Plan

There are several ways to obtain your Medicare Part D prescription drug coverage.  It is important to know that the type of plan that you choose will depend on your specific needs. Some common questions you should ask yourself are listed below.

  1. Do you take mostly brand or generic drugs
  2. How many medications do you take on a regular basis
  3. Can any of your  brand medications be substituted for less expensive generic drugs
  4. Are any of your prescriptions available by mail order (you  may save money this way

After determining the answers to these simple questions  your next step should be to prepare  a list of all ou the prescription drugs that you take on a regular basis including

  1. The name of the drug spelled correctly (you can copy this right from the bottle)
  2. Your correct dosage
  3. The number of pills per month

Once you are armed with this information you can begin searching for an affordable Medicare Part D plan that will suit your specific needs. Each company has its own formulary and while one plan may list your drug as a tier 2 another may categorize it as a tier 3 drug and there may be certain drugs which are not offered by all plans.

In summary I would like to say that there is no “one size fits all formula” and your choice should be taken seriously and proper research and choosing the correct plan could save you thousands of dollars per year. Listed below are several websites which will assist you in you search. You can submit a request for help and then your prescription drug list and they will supply you with comparative estimates.

http://www.todaysmedicare.com

http://www.choicesformedicare.org