Medicare Open Enrollment: Importance of Part D
Medicare's open enrollment period has begun, and it's crucial to pay extra attention to your prescription drug coverage plan, or Part D. The lowest premium for prescription drug coverage might not actually save you the most money.
When selecting a Part D plan, consider copays and do the math to ensure you're getting the best value. Each year, insurers adjust copays, premiums, formularies, preferred pharmacies, and in-network providers, which can impact your costs.
Make sure you take copays into consideration and do the math.
Author's summary: Review Part D plans carefully during Medicare open enrollment.