Medicare Prescription Drug Plans

Prescription Drug Plans are the most confusing part of Medicare. These plans can be included in Medicare Advantage Plans or purchased separately depending on which route you choose getting a plan.  

Medicare drug plans are designed to reduce your out-of-pocket exposure to your prescriptions. The drug plan can be broken down into 2 stages. If all medicattions are covered, you will not spend more than $2000 on medications in 2025 and beyond (subject to change). 

2 Stages:

1. Deductible 
2. Initial Coverage Stage

If you decide to work with me, I can help you break down each stage and help you predict your out-of-pocket exposure annually. In addition, I run you through every carrier even if I don't make a commission. 

Annual Election Period: Every 10/15 - 12/7 you may shop for a new Prescription Drug Plan.  If you're happy with the plan you have, stay put.  However, one medication addition or change can result in drastic cost differences. If you haven't switched plans in a long time, PLEASE reach out to me. Once you're a client with me, it's a relatively easy process to switch plans. I see people paying way too much for medications that have been on the same plan too long.