Select A Prescription Drug Plan
- Log into your account at Medicare.gov, and if you have not done this before you will need to create an account.
- Select: Find health & drug plans
- You will want to enter your pharmacy at: Update Pharmacies
- You will then enter your prescriptions at: View/Edit Drug List
- As you enter your medication it is important to know the following:
- Do not enter over the counter medication (i.e., aspirin, vitamins, supplements). These items are not covered unless they are a prescribed item.
- If you take a tablet vs a capsule, make sure you enter tablet. Capsules will most likely show up as not formulary.
- Only list medications that you take to get your recommended plan.
- Do not enter Erectile Disfunction medication. These are not covered prescriptions, and they will show up as being very expensive when they are not.
- Select: Find Plans Now, choose the plan year and confirm your zip code is correct.
- Select: Medicare drug plan (Part D)
- If you have a current Prescription Drug Plan it will show your current plan
- You will now see all the plans that are available and the details of benefits offered.
- Once you have reviewed the plans and determined the best plan for yourself select Enroll. You will complete your enrollment into the new plan. Also, if you had a previous prescription drug plan it will automatically terminate it once this plan is issued.
Helpful Information to Know About Prescriptions
- As you enter your medication it is important to know the following:
- Do not enter over the counter medication (i.e., aspirin, vitamins, supplements). These items are not covered unless they are a prescribed item.
- If you take a tablet vs a capsule, make sure you enter tablet. Capsules will most likely show up as not formulary.
- Only list medications that you take to get your recommended plan.
- Do not enter Erectile Disfunction medication. These are not covered prescriptions, and they will show up as being very expensive when they are not.
- What is the difference between formulary vs. non-formulary prescriptions? Formulary prescriptions are known as covered medications, but they could still require pre-authorization. Non-Formulary prescriptions are generally not covered, but in some cases, there can be formulary exceptions.
- Why do prescription plans differ in cost? Formulary and non-formulary list can differ from carrier to carrier. Benefit levels can differ as well.
- If you have entered your medications and an amount shows up like $38,000 for annual prescription cost, you need to review the prescriptions. This would most likely be because of a medication being non-formulary and it is expensive. Go back to the name of the medications and make sure it is entered correctly (i.e., tablet vs. capsule).
- If a medication shows up as non-formulary, go to www.goodrx.com and see what the cost would be to purchase it. It may be a low-cost medication that is best to purchase with a GoodRx coupon.
- Another resource for prescription drug purchases is the Canadian Medstore:
Please contact our office if you have any questions, or if you would like to discuss any coverage such as:
- Medicare Supplement
- Medicare Advantage
- Dental
- Vision
- International Travel Medical Coverage
- Cancer
- Final expense (life insurance)
- Long-Term Care
