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Medicare Part D Enrollment is NOW Open for 2025

Resources for Patients:

Pick Your Plan Before December 7, 2024

Navigating the options for Medicare Part D plans is more important than ever, as formularies, premiums, and out-of-pocket costs can shift year-to-year. At Forward Pharmacy, we’re here to support our patients in making informed decisions about their health coverage, ensuring your prescriptions remain affordable and accessible.

Why Review Your Medicare Part D Plan Annually?

Each year, Medicare Part D plans adjust their benefits, costs, and covered medications. Here are a few critical changes that may affect you:

Drug Coverage and Formularies:

The list of medications covered by a plan can change, with certain drugs being added or removed or their cost-sharing categories shifting. If you rely on specific prescriptions, it’s essential to verify that your medications remain covered affordably.

Plan Premiums and Deductibles:

Premiums for Medicare Part D plans can fluctuate from year to year, as can deductibles. An increase in premiums or deductibles may mean a plan that was affordable last year could be more costly to you this year.

Copays and Coinsurance:

The out-of-pocket costs for medications, including copays and coinsurance amounts, can change significantly, making some plans less beneficial than others depending on your prescription needs.

Pharmacy Networks:

Many plans have preferred pharmacy networks where costs are lower. Forward Pharmacy partners with numerous Medicare Part D plans, and our team can check which plans offer the best savings for you at our locations.

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.

Let Forward Pharmacy Help

With so many aspects to consider, our team at Forward Pharmacy is here to simplify the process. Medicare Part D open enrollment period runs until December 7, so now is the time to review your options and lock in a plan that meets your needs for 2025.

Reach out to us for a free consultation—our pharmacy team is ready to support you every step of the way.


Monona

(608) 221-8151
4205 Monona Dr.
Monona, WI 53716
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McFarland

(608) 838-7455
4880 Larson Beach Road
McFarland, WI 53558

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Deerfield

(608) 764-1500
10 Liberty Street, Suite 106
Deerfield, WI 53531
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Columbus

(920) 623-2701
100 South Ludington Street
Columbus, Wisconsin 53925
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Cottage Grove

(608) 839-3335
429 West Cottage Grove Road
Cottage Grove, Wisconsin 53527
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Cambridge

(608) 423-3231
109 W. Main Street
Cambridge, WI 53523
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