Prescription medication

Why Compare Medicare Drug Plans

Part D Medicare made prescription drug coverage available to Medicare recipients. There are many part D plans and none are created by the government. Instead, the government approves private insurance companies to create a part D plan. Consequently, there are as many Medicare drug plans as there insurers. You need to compare plans to find the one that is the most cost-effective to you.

However, before we get into cost, you need to understand the drug formulary. The drug formulary is a list of drugs that the plans cover. The drugs in the formulary are covered at different rates. There … Read the rest

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