As
you may know, Medicare Part D prescription drug plans update their plan formularies (drug lists) throughout the plan
year and the May 2019
Medicare Part D formulary updates included 60 new drugs, 26 of which are new generic drugs - with a total of 32 new generic equivalents
(variations of manufacturer, drug-strength, and packaging).
Below is a full list of the new generics added to the 2019 Medicare Part D (PDP) and Medicare Advantage plan (MAPD) formularies:
- You may be able to save money by switching
from the brand-name drug to its generic equivalent – with your prescriber’s
approval and a new prescription. Please note, you will need to look
carefully at coverage costs as we have found that many 2019 generics are being
offered on the same tier as their brand-name equivalent or the generics do not
have a significantly lower retail price.
- Your brand-name drug may no longer be
available if a generic is now available. Based on past
experience, you may find that many Medicare Part D plans
discontinue
coverage for the brand-name drug in the months following the
introduction of the generic equivalent - or your plan may
immediately drop the brand-name drug now that the generic is being
introduced.
If you have received notice from your Medicare Part D plan that your brand-name medication will be dropped, you should speak with your prescriber to determine if you can take the generic equivalent or if you must continue taking the brand-name drug, you will need to ask your plan for a formulary exception to continue coverage for your brand-name drug.
You can click for a chart showing the trends in formulary coverage for some of the more popular Medicare drugs and their generic equivalents.