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.
When reviewing your current Medicare plans or enrolling in coverage, make sure to consider copays and do the math. Each year, insurers adjust copays, premiums, formularies, preferred pharmacies, and in-network providers, which can impact your costs.
Be a smarter, better informed investor.
Now through December 7, millions of Americans will be reviewing their current Medicare plans or enrolling in coverage for the first time. Author's summary: Review Part D carefully during Medicare open enrollment.
- Consider copays and do the math
- Review formularies, preferred pharmacies, and in-network providers
- Understand how medications are grouped and priced
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