You have the opportunity to review and compare Medicare Part D prescription insurance plans every year. Insurance plans can change from year to year, which can mean higher monthly premiums, deductibles and copay amounts, or a change in what drugs the plan will cover. New plans are also added each year, and switching may be a simple way to save on prescription drug costs.
There are a few different times when you have the opportunity to join or switch Medicare plans, including during Open Enrollment from October 15 to December 7 every year.
Compare plans and you may discover:
- Lower copays
- Better coverage for patients on dialysis
- Prescription drug savings
- Better plans with the same doctors and pharmacies
How to Compare Medicare Plans
Visit www.medicare.gov/find-a-plan, call 1-800-MEDICARE (TTY 1-877-486-2048), or ask your clinic social worker for help. Provide your personal information, including your Medicare Part D card details, the drugs and dosages you take, and the pharmacies you use, and you’ll get a cost comparison personalized for you.
Ask these questions as you’re comparing plans:
- What is the estimated annual drug cost?
- Does the plan cover all my drugs without restrictions?
- Are my doctors and pharmacies in network?
Learn more here about Medicare Part D plans, enrollment periods and financial assistance.