Medicare 2009: Medicare Prescription Drug Plans
October 16th, 2008 by adminThe average Part D Medicare Prescription Drug Plan jumped to $30.36/month for 2009. That is an increase of over 30% just in premium price in one year. Many insurance companies indicated losses on their Part D prescription drug plans in 2008 and this is one part of Medicare you will want to hone in on. In
However, premiums are just one part of the equation. You also need to evaluate co-pays amongst the different levels of drugs such as generics, preferred brand names, and non-preferred brand names. Also, you will want to make sure your prescription drugs are still within the formulary of the plan and in what drug tier.
There are still some drug plans in 2009 without a prescription drug deductible such as the Wellcare Signature and the AdvantraRx Value. Some drug plans are even still offering generic drug co-pays at a $0 co-pay such as the Wellcare Classic. And look to the Advantra Rx Premier, Prescriba RX Platinum, and Blue Medicare RX Premier for generic drug coverage in the coverage gap.
The only way to ensure you are in the most cost efficient Medicare prescription drug plan is to run your personalized list of prescriptions through medicare.gov. It will rank your unique list of prescriptions amongst different plans in order of most cost efficient to least cost efficient.