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Part D Prescription Drug Plans in Colorado
Part D of the Medicare Legislation regulates Prescription Drug Plans which are often referred to as “PDP's.”
This Medicare prescription drug coverage is private insurance that covers both brand name and generic prescription drugs at participating pharmacies in your area.
Medicare prescription drug coverage provides protection for people who have ongoing drug costs, as well as protection from unexpected spikes in prescription drug bills in the future.
For example, one popular drug plan has you pay just a $1 copay when you purchase from a preferred network pharmacy, but purchase from a non-preferred network pharmacy and you’ll pay $10. Often, the very best savings come when the insurance company offers to provide the drugs from their own mail-order pharmacy. Even here, however, you need to be careful, as mail order is not always the best deal. We have found that the cheap generic drugs—tier 1 and 2—are usually least expensive from a mail order pharmacy while the more expensive ones—tier 3 and higher—can actually cost more when bought through the mail. So, be aware and be a smart, savvy consumer.
We hope this information has been helpful. We’d love to help you in pairing a Medicare Part D Colorado plan with a Medicare supplement plan.
Give us a call at 970-224-5500 or toll-free at 800-553-1444 for more information.