You've probably heard about Medicare Part D, Medicare's prescription drug benefit that covers most outpatient prescription drugs. But did you know that it’s important to evaluate your plan every year? That's because your benefits can change, including your prescription drug coverage, premiums, deductibles and pharmacy benefits.
With health care costs top of mind for most Americans, here are five tips to help you save smartly with Medicare Part D.
Tip 1: Preferred Pharmacy
Many plans have a preferred pharmacy network. By filling at a preferred pharmacy in your prescription drug plan, you can save on the cost of your copays. Walgreens is preferred in many prescription drug plans.
Tip 2: Generics
Many brand-name prescriptions have generic substitutions. Check whether your plan has a generic alternative, and then talk with your doctor to see if this would be a good option for you.
Tip 3: Lower-cost brands
If you’re using a brand-name prescription that doesn’t have a generic alternative, there may be lower-cost brand-name prescriptions used to treat the same condition. Ask your pharmacist if you have that option. Then, talk with your doctor to see if switching brands makes sense in your situation.
Tip 4: Time and travel cost
Consider a pharmacy that offer services to align refills to one single date. Walgreens pharmacy team members help patients combine their prescription refills to fit their schedules and reduce trips to the pharmacy.
Tip 5: Plan evaluation
In addition to examining pharmacy options and prescription costs, a good place to start when considering your plan is to investigate whether a Prescription Drug Plan (PDP) or Medicare Advantage Prescription Plan (MAPD) may be a good option for you. With many options and aspects to consider, talking to an independent insurance broker will help assess your individual preferences and needs, and help find a solution that is right for you. Walgreens has teamed up with eHealth to make it easy to get free, personalized advice with no obligation to enroll. Talk to a licensed insurance agent by calling 844-263-5972 or visit ehealthmedicare.com/Walgreens.