Can I still use my pharmacy if I choose a Medicare Part D plan whose pharmacies offer “preferred” pricing?

One way Medicare beneficiaries can reduce prescription drug costs is to choose a Part D plan whose pharmacy networkoffers both preferred and standard pricing. Within a broad pharmacy network, certain pharmacies will offer lower copayments, also known as “preferred cost-share.” At those pharmacies, you will pay a lower share of the cost of the drug than you would if you filled the prescription at another network pharmacy offering “standard” pricing (or “standard cost-share”).
If using a specific pharmacy is important to you, check with the plan before you enroll to see if your pharmacy is in its network and, if so, if it offers preferred pricing.

Posted on: October 8, 2014
Vice President of Medicare Solutions

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