5 Tips to Make the Most of Part D Open Enrollment

shutterstock_92784067

  1. Come armed with your current list of medications.

    This will allow for a more accurate view of coverage and cost-sharing across plan options.

  2. Check whether your current medications are covered on a plan’s formulary.

    If not, you could pay for the full price of that medicine out-of-pocket and this spending would not apply to your plan’s cost-sharing limits.

  3. Look beyond the monthly premium.

    It’s also important to review your expected out-of-pocket cost-sharing (copays and/or coinsurance) based on your current medication list. Look for plans that minimize your costs across both the premium and expected cost-sharing.

  4. Check which pharmacies you can use to get your medications. 

    Make sure your pharmacy is in a plan’s network. Consider using “Preferred” pharmacies or mail-order, which may help lower your out-of-pocket costs.

  5. Review Plan Ratings.

    Plans are rated overall out of 5 stars, and you can also see how they are performing on specific dimensions, such as customer service and patient safety.

 

 

 

2 Comments On “5 Tips to Make the Most of Part D Open Enrollment

  1. sarcoma Reply

    Quality articles or reviews is the main to interest the viewers to go to
    see the web page, that’s what this web site is providing.

    1. Thair Phillips Reply

      I’m glad you are enjoying our blog.

Leave a Reply to sarcoma Cancel reply

Your email address will not be published. Required fields are marked *