How to Choose a Medicare Part D Plan

What to Look for When Comparing Plans

To learn how to choose a Part D plan, you should consider a few factors:

  • How often you use prescription drugs
  • The types of drugs you take (generic, brand name, or a combination of both)
  • Whether you prefer Medicare Part D drug plans with a yearly deductible, or you’d rather have a $0 deductible plan with higher cost-sharing or a higher monthly premium
  • How copays and coinsurance amounts differ between preferred and standard pharmacy networks and within each of the four Part D coverage stages
  • Out-of-pocket copays and coinsurance amounts that go into effect should you enter the Coverage Gap (Donut Hole)