Prescription Drug Plan

Prescription Drug Plans (PDPs), also known as Medicare Part D, are standalone plans designed to help you manage the costs of your medications. While Original Medicare and Medicare Supplement plans don’t cover prescription drugs, a PDP can be added to provide coverage for your medication needs.

At Mac McIntosh Medicare and Insurance, we understand how important it is to have affordable access to necessary medications. Prescription Drug Plans are available through private insurers and offer coverage for both generic and brand-name drugs. These plans often have a formulary, which is a list of covered medications, and are categorized by tiers, with different levels of cost-sharing for various types of drugs.

Choosing the right Prescription Drug Plan is essential for managing your healthcare costs, especially if you take multiple medications or have specific drug requirements. We’ll guide you through the process of reviewing plan formularies, comparing out-of-pocket costs, and considering factors such as preferred pharmacies and mail-order options. We ensure you have the information needed to select a plan that offers the most coverage for your prescriptions, all while staying within your budget.

Understanding the phases of Part D coverage, including the initial coverage period, coverage gap (or “donut hole”), and catastrophic coverage, can seem daunting. We’ll explain how each phase works and help you plan for any potential out-of-pocket costs during the year. With our assistance, you’ll have confidence that you’re getting the most value from your Prescription Drug Plan.