Frequently Asked Questions about Prescription Drug Plans
Every year we get loads of questions about Part D Prescription Drug Plans - because they are confusing. We've gathered some of the more common questions - with answers - below. If you have a question that isn't in the list, let us know!
Why do I have to change drug plans each year?
Every plan changes every year. Premiums, copayments, deductibles, and what drugs are covered. A new comparison is run to determine which plan is the best fit for you for the coming year. Read more on this...
Why aren't my spouse and I on the same Part D Plan?
When we use Medicare.gov to run drug comparisons, they are unique to your specific prescriptions. Given that you and your spouse probably take different medications, it is very likely that different plans will be the most cost effective for each of you.
Do I need a drug plan if I don’t take any medications or I’m only on a couple of generic medications?
Yes - it is recommended to have a drug plan to avoid a penalty for not having credible drug coverage. Plans start at $17 a month.
How do I set up an automatic bank withdrawal?
Your Part D provider will have a bank draft authorization form that you can complete.
Do I need to call and cancel my current plan since I'm changing plans for next year?
No, when an enrollment is completed during the annual election period, your current plan will be notified and canceled automatically, starting January 1st.
Since I'm switching plans, when do I cancel my existing drug plan?
You don't have to do anything to cancel your existing drug plan. Once you've enrolled online or over the phone, it automatically bumps out your old plan. You carry your existing plan through December 31st, then begin using your new plan January 1st.
Does it make a difference which pharmacy I go to?
Yes. A comparison is completed with the pharmacy of your choice selected. If you choose to go to a different pharmacy, you may be charged a higher price.
Can I get a 90 day supply for my prescriptions?
Most plans will offer a discount for 90 day supplies, but some drugs do have quantity limits, preventing you from getting a 90 day supply.
Do I get a discount if I have the same company for my Medicare supplement and my Part D drug plan?
No, there isn't a benefit or a discount to have the same company for both. There is also no discount to have a husband and wife on the same plan.
If I sign up on the Humana-Walmart Plan, do I have to go to Walmart to fill my prescriptions?
No, even if you're on the Humana-Walmart Plan, you are more than welcome to pick another pharmacy to fill your medications; however, your medications will likely cost you more money at a different location. That particular plan is deal between Humana and Walmart that offers lower prices for generic medications at Walmart.
If my doctor prescribes a new medication or two in the middle of the year, will this plan cover it? Can I change plans if my current plan doesn't cover a new drug?
Most of the time when a new drug is added, it is already on your plan’s formulary as a covered drug. If your new drug happens to not be covered, you will have to wait until the next annual enrollment period (Oct. 15 - Dec. 7) to choose a different plan that will cover your new drug. Your premium does not change for adding new prescriptions, but you will start paying the co-payment for that drug at the pharmacy. Please refer to your formulary of drugs that your plan provides or call your agent.
Get a Prescription Drug Plan Comparison
Whether your premiums change or not, there's a good chance that the medications covered by your plan change yearly. Let us help you choose the best plan.Get Started