Calculate your annual prescription drug costs with and without a Medicare Part D program
The costs without a Medicare Part D plan are probably available from a local Pharmacy
Calculate your projected costs with either our cost calculator (for a Standard Plan Coinsurance) or hand calculate the copayments for your medications by looking in the Summary of Benefits or Formulary
Add in your monthly premium (or list premium options
Take into consideration whether you wish to have a lower premium and initial deductible
Not an easy task -- we mentioned in before that annual out of pocket costs of over $810 dollars could mean that a Medicare Part D plan makes sense for you if your monthly premium is less than $32 per month.
Calculate your estimated annual Medicare Part D plan premiums -- Can you comfortably afford the plan's premiums along with the copayment or coinsurance payments?
Are you financially eligible for an "extra help" program?