Medicare
Part D Prescription Drug Coverage is available to everyone who participates in both
Medicare Part A and Part B.
There are 14 private insurance companies, each offering around 3 plans each.
The federal government has set minimum guidelines for how a drug plan should work.
Each drug plan has a formulary, or list of approved drugs. You should consider the
formulary carefully when selecting a plan.
Each plan has a different premium; shopping on premium cost alone is not recommended
for most people.
Solutions
Insurance recommends that you obtain coverage with financially sound insurance companies.
We also recommend that you ask us to provide you with a mathematical report analyzing
the plans you are interested in to illustrate your potential savings with each plan.
The plan that offers the most savings is likely the one you should select for the
current year.
