Arizona Medicare Prescription Drug Plans Overview

Arizona Medicare Prescription Drug Plans provide coverage for Medicare Prescriptions.

Arizona Medicare Prescription Drug Plans

Arizona Medicare Prescription Drug Plans are offered by private insurance companies

These types of plans differ in monthly premium and coverage. 

In choosing a Medicare Prescription Drug Plan there are several factors that must be taken into consideration. 

Trying to predict annual prescription drug costs can be very difficult.  There are many plans with lower monthly premiums that have higher deductibles.  Additionally, many  of the higher priced plans have no deductibles.  It is therefore important to determine the annual out of pocket costs which include the monthly premium, co-pays, and deductible amounts.

Often there are certain approval requirements for prescriptions such as prior-authorizations and step therapy. 

8 things to know about Arizona Medicare Prescription Drug Plans.

  1. Medicare has a limit on what they will pay for prescription drug costs.   This amount is determined by the total cost of the prescription, not just the co-pay.
  2. Once you have reached the maximum amount available you go into what is commonly referred to as the “donut hole.”  At that point the  name-brand prescriptions will cost 25% of the total cost. 
  3. Injections and infusions are typically not covered by Part D, but rather Part B.
  4. Each company covers prescriptions differently.  It is important to make sure all prescriptions needed are on the companies formulary. 
  5. When purchasing a medicare supplement plan an Arizona Medicare Prescription Drug Plan  (Part D) will need to be added separately.
  6. If you are on a Medicare Advantage Plan and enroll into a Part D Drug Plans you will automatically be dis-enrolled from the Medicare Advantage Plan.

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