Top 5 Reasons People Make A Bad Prescription Drug Plan Choice

Not everyone chooses a Medicare prescription drug plan wisely. Below are what we consider to be the top 5 reasons people choose the wrong plan for their circumstances.

1.  They review only a single insurance company’s plans



2.  They don’t verify that their drugs are covered by a plan’s formulary (i.e. covered drug list)



3.  They don’t compare premiums, deductibles, and donut hole coverage among plans



4.  They don’t verify that their preferred pharmacy is part of the plan’s pharmacy network



5.  They don’t compare the pros and cons of getting their prescription drug coverage through a Medicare Advantage plan versus a prescription drug plan

You can avoid making a poor choice by using our PlanPrescriber tool. Our PlanPrescriber tool can assist you in making an informed choice that reflects your preferences regarding issues such as monthly premium, drug restrictions, and gap coverage. This tool enables you to compare plans to find the lowest cost. After you review the comparison based on your drug needs, you can decide which plan is best for you.