mur44 wrote:You should choose Medicare PART D plan based on the following criterion:
Plan that is the lowest TOTAL annual cost that covers
all your drugs (with no usage restrictions: Step Therapy,
Prior Authorization and Quantity limit).
Also, make sure the plan has 3 (or higher) star rating.
Note that using mail order usually saves some money.
As this says, don't automatically take the lowest monthly premium, but the lowest total annual cost for the drugs you use. Too many buyers of these policies pick the lowest premium without looking at their prescriptions. They often will end up with higher costs due to co-pays, higher drug prices, etc. When you look at the insurance companies at the Medicare site, be sure to add the drugs you use, the strength of the drugs, and the dosage and then compare the total annual cost calculations for each company. Often an insurance company with a higher monthly premium has a lower total annual cost.
I review rates every year and have used several companies to get the lowest cost. For the last 2 or 3 years, the lowest cost policy for my wife and I has been First Health Part D Value Plus (from Coventry Health Care). All of our normal maintenance drugs are presently generic, and none of these require any copay with our policies. Each of us pay $33.90 a month insurance premium.
A side note: Four years ago my wife was using several high cost non-generic drugs. She was reaching the "donut hole" regularly. She changed physicians and he said he wanted to try generic medications to replace Actos and the other name drugs. They worked just as well, were low cost, and safer.
People should not say everything they think. They should think about everything they say.