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How do I get the lowest price for Medicare Part D drugs?

Learn how to get the best price for drugs when on Medicare

by Katie Banks+ on Jun 08, 2019 | 1 Comment

This article is for Medicare eligible people trying to save money on prescription drug coverage.  This applies to both those to have (or about to purchase) a stand alone Medicare Part D plan or a Medicare Advantage Plan that offers drug coverage.

5 Ways to lower your Medicare drug costs


1. Select the right Medicare Rx plan

You want to make sure you have the best drug plan that covers your Medicare related drugs at the best rate.  Each Medicare drug provider can select which drugs are covered and how much you will pay towards them.  The price you pay can vary by many factors including which pharmacy you go to.  This means that finding a plan that best matches your drug needs is the best way to ensure you save money. If you have already selected a plan, you should review this each year during Open Enrollment

2. Consider switching to generics or other lower-cost drugs

There may be generic or less-expensive brand-name drugs that would work just as well as the ones you’re now taking. Talk to your doctor to find out if these are a possibility for you.

3. Mail Order

Which pharmacy you use can affect your price but rarely nothing is less expensive than Mail Order. Using mail-order pharmacies may save you substantial money and in some cases they may send you the drugs for no cost (including shipping!).  Click here to learn how to set up mail order part D drugs.

4. Apply for Extra Help

  • Medicare and Social Security have a program that helps people with limited income and resources pay for prescription drugs. If you qualify for Extra Help, you could pay significantly less for all your drug needs.
  • Some pharmaceutical companies (drug manufacturers) offer help for people who are enrolled in Part D. Find out whether there’s a Pharmaceutical Assistance Program for the drugs you are taking.
  • Many states offer help paying drug plan premiums and/or other drug costs. Find out if your state has a State Pharmaceutical Assistance Program.

5. Discount programs

Even with a Part D plan you can save money with discounts through big retailers such as Costco or Walmart, or resources such as GoodRx.

Next Steps

Contact Senior65.com to help you select the right Part D Drug Plan or your Medicare Advantage Drug Plan for you.  Please have a list of your current prescription drugs handy.  We offer the guaranteed lowest price. You should think of us as a one stop shop and we charge you absolutely nothing for our services.

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Reader Comments and Questions

Click Here if you have a question

By Roger on June 10, 2019

I'm planning on switching drug plans. should I do it during open enrollment then?

Roger,
Open Enrollment is your only choice unless you moved out of your plan’s area, your plan mislead you, or you qualify for the Medicare 5-star rule (when your MA or drug plan is not rated 5 stars, you can switch to a 5 star plan at anytime!)

If you would like help finding a 5-star plan so you don't have to wait until Open Enrollment, call our licensed independent insurance agents at 800-930-7956. If not, we can still help you switch during Open Enrollment Annual Election Period of Oct 15- Dec 7th. We charge nothing for our services.
-Michelle from Senior65.com



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PLEASE NOTE: We cannot comment on specific Medicare claims. Contact Medicare directly if you are trying to see if your issue is covered.




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