What factors should you consider when comparing your Medicare drug plan choices?
Coverage—Medicare drug plans will cover generic and brand-name drugs. Most plans will have a formulary, which is a list of drugs covered by the plan. The drugs covered by the plans can change, but the list must always meet Medicare’s requirements.
Cost—Monthly premiums and your share of prescription costs will vary depending on which plan you choose. If you qualify for extra help with these costs because you have limited income and resources, you will get help with some or all of these costs.
Convenience—Drug plans must contract with pharmacies in your area. Check with the plan to make sure the pharmacies in the plan are convenient to you.
This Website Q1Medicare.com also offers many tools to assist you in finding a Medicare Part D plan in your area.