Note: We hope you find this Medicare Part D FAQ useful. It was created out of necessity as Part D carriers do not allow agent handling. Check out: What is Medicare Part D?
You will receive your policy in 10-13 business days. If you do not receive your policy by then, please call the customer service number below (bottom most question).
Drug plans are unique to each individual. We use medicare.gov to find the right plan for our clients. Medicare has a wonderful algorithm that matches up your drugs and pharmacy and matches it with all 10+ plans available in your state. It then sorts it by lowest annual out of pocket to highest. This takes into account copays, deductibles, and premium for the year. You literally cannot find a cheaper, better drug plan using this method!
This is a question we get asked often. The answer to this is “NO”. Most often, the cheaper drug plans are the ones that match an individuals’ medications better than the expensive ones. The only time we see the higher premium drug plans being right for someone is when an unusual tier 3 or 4 med is involved. The companies that cover these meds are compensating their premium for the increase in drug cost for these particular meds. You can look at them as niche drug plans.
If you get a medication during the year, you are at the mercy of how that drug matches with the formulary of your plan. This is the same for all plans including employer/individual plans. In the event that the new medication isn’t on the formulary, there’s a form your doctor can fill out and fax in to the carrier to get it added. For access to this form, please call the carrier directly as the form is unique to each carrier.
You will not be able to change drug plans until the enrollment season from October 15th to December 7th for a January 1st effective date of the following year.