Frequently Asked Questions about Monthly Formulary Changes

May, 15 2023 — Yes. Your Medicare Part D plan is allowed to make changes to your prescription drug plan formulary throughout the plan year.  But, to protect plan members, Medicare Part D plans are restricted as . . .

Aug, 30 2022 — Yes, but the change may not affect you this year.  As you may know, your Medicare Part D plan’s formulary can change in a number of ways throughout the plan-year, including the addition of . . .

Sep, 01 2022 — Yes, if you are affected by the change. Your Medicare Part D plan must either provide you with a 60-day advance written notice of any changes to your formulary that might affect you or notify you at t . . .

Jul, 10 2023 — Medicare Part D prescription drug plans can change their plan formulary or drug list throughout the plan year - and you may find that new Part D drugs are added - or dropped - or formulary drugs may h . . .

Aug, 30 2022 — Medicare Part D prescription drug plans are required to offer prescription drug coverage on specific classes of medications, and may choose to offer additional coverage.  However, certain medicat . . .

Aug, 14 2023 — Yes. Although, Medicare Part D drug plans must continue to cover a medication dropped from the plan’s formulary until the end of the plan year for anyone using the particular medication, Medicare allows several exceptions when a drug plan can drop a formulary drug mid-year.

May, 29 2023 — Yes, but the formulary change may not affect you this year.   Your Medicare Part D plan is allowed to remove a prescription medication from their formulary when a lower costing generic equivalent . . .

Jul, 12 2023 — Medicare Part D prescription drug plans can update their plan formularies or drug lists throughout the plan year and - besides removing a medication from your Medicare Part D plan’s drug list . . .