Better Medicare Prescription Plans For You

Medicare Part D Plan Cautions

We have seen Part D plans with premiums under $15.00. Others may be two to three times that much. Nobody will say that cheaper is better or more expensive is better. That is not the point.

What is the point? You need to compare the overall cost of the plan, which includes your out of pocket copayments, deductibles, and “donut holes” in order to figure out which plan will save you money in the long run.  Out of pocket costs, with some plans, may be a much bigger concern than the fact the monthly premium is about $15.00, $25.00, or $35.00!

And for many seniors and disabled people, convenience is not a trivial issue. If a plan restricts you to certain stores or pharmacies, you may also need to consider the cost of transportation. Paying $10 a month more for a plan that will let you access nearby pharmacies, use mail order service, or have plan pharmacies that deliver, may be a sound financial decision.

Comparing Medicare Part D (RX) To Find The Best One For You!

You need to consider several things before signing up.

• The montly plan premium.
• The way the plan covers the prescriptions you need to have. For example, some policies have very cheap generic medications, but expect the member to share a lot of the cost for more expensive brand name drugs. If you need to take a brand name drug in this category, it may be prudent to look for better coverage even if you pay more for the plan.
• How convenient are network pharmacies? Is their a mail order service you could use? Do these pharmacies deliver in case transportation or pickup is an issue?

This may seem pretty complicated. Actually it is complicated. But there are some free resources you can use to make your search for the best Part Medicare RX plan a lot simpler.

Medicare.gov has free online tools for you to use to compare area heath and drug plans online.

Private insurance quote systems can put you in touch with good insurance agents in your area who are familiar with the senior market in your area. The systems are fast, free, and without obligation. You can start here –> Compare Medicare Prescription Plans.

No related posts.