Medicare Part D Formulary
True or false: Every Medicare Part D plan covers every type of prescription drug.
The answer: FALSE.
Before choosing a prescription drug plan, it’s important to take a look at the plan’s
formulary. This list of drugs will detail all of the prescription drugs the plan
covers. If a drug is not on the list, it is not covered by the plan and will therefore
be a higher cost for you.
All coverage on a plan’s formulary is not the same. Many Medicare Part D plans put
drugs into different levels, or “tiers”, within the formularies. The prescription
drugs within the different tiers have varying costs. For example, a drug in a formulary’s
lower tier will have a lower cost than a drug in a formulary’s higher tier.
SilverScript uses a five-tier formulary. Learn more specific information about the
different formulary tiers.