Steps to Choosing the Best Medicare Part D Plan

Selecting the best Part D plan can feel overwhelming, but we’re here to make the process easier. Here’s a step-by-step approach to guide you:

1. List Your Medications: Start by listing all the medications you currently take. Be sure to include the dosage and frequency, as this will help in accurately comparing the costs of different plans.
2. Estimate Your Pharmacy Costs: Once you have your list, calculate your current out-of-pocket expenses. Our Forward Pharmacy team can help you identify the estimated costs under different plans to see if there’s potential for savings.
3. Check Plan Formularies: Each plan has a formulary that categorizes drugs into cost tiers. Our team can check whether your medications are covered and if any have moved to a different tier, potentially increasing your costs.
4. Review Pharmacy Network Options: Medicare Part D plans often have preferred pharmacy networks where costs are lower. Because Forward Pharmacy partners with many of these networks, we can help ensure your chosen plan lets you continue using our pharmacy while minimizing costs.
5. Compare Out-of-Pocket Costs: Total costs involve premiums, deductibles, and the copays/coinsurance for your medications. We’ll help you calculate the total estimated yearly costs for each plan you’re considering so you can confidently choose the best option.