How would I decide if a Medicare Part D plan is the right choice for me?
Like any insurance coverage decision, the question of whether to join a Medicare Part D plan depends on your particular situation.
There are however, certain simple factors that you can consider in preparation for this question.
For instance:
How much do I spend each year on prescription drugs?
What does the Medicare Part D plan cost each month?
Does the Medicare Part D plan cover your particular prescription drugs?
What are the Medicare Part D plan's co-payment and deductibles?
Is my favorite or nearby Pharmacy a member of this plan's Pharmacy Network?
Do you qualify financially for any "Extra Help" programs?
Are you already eligible for prescription drug coverage by your previous employer, union, or the VA?
Please note, as a rough guideline, it is estimated that if you spend as little as $68.00 per month on prescription drugs (or $810.00 per year), you could save money with a Medicare Part D plan (depending on the plan's monthly premium).
