No. Not only can Medicare prescription drug
plans have different drug tier definitions, but drug plans do not always place
the same medications on the same formulary tiers (or have similar cost-sharing
on the same tier).
For example, in Florida, the drug
Quetiapine
Fumarate (the generic for Seroquel®) is a Tier 2: Generic on
16 PDP
formularies, but a Tier 3: Preferred Brand Drug on
four formularies and a Tier
4: Non-Preferred Brand Drug on
one Medicare Part D formulary.
Please
note fixed
copays on the
21 Medicare Part D plans that cover this generic drug can range from
$0 to
$47.
To see
where a specific drug is placed on each Medicare Part D plan’s formulary, you
can use our Q1Rx
Q1Rx Drug Finder.
You can
review a chart of formulary structures and the number of Medicare prescription drug
plans using different drug tier structures and definitions.