Medicare Open Enrollment: Importance of Part D
Medicare's open enrollment period has begun, and it's crucial to pay extra attention to your prescription drug coverage plan, or Part D.
The lowest premium for prescription drug coverage might not actually save you the most money, as copays and other factors should be considered.
- Insurers adjust copays, premiums, formularies, preferred pharmacies, and in-network providers each year.
- Medications can be regrouped and repriced, affecting costs.
Make sure you take copays into consideration and do the math.
Author's summary: Review Part D carefully during open enrollment.
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