Are you looking for the best Medicare Part D plans for 2018? Here’s where to find them.
(1) Search by the medications you take to see which plan will best cover your needs.
(2) Compare plans in your zip code based on your health and other factors. Plans are star rated by the Centers for Medicare and Medicaid Services.
(3) Check the U.S. News ratings of the best Part D plans in certain states.
What is Medicare Part D?
In 2006, the Medicare Part D drug benefit began. Since then, it has saved Medicare beneficiaries thousands of dollars on their prescriptions. In 2017, more than 42 million Medicare beneficiaries enrolled in Medicare Part D plans.
When to Enroll in Part D
Enrollment for Medicare Part D takes place during the open enrollment period from October 15 to December 7 each year. You can either enroll in a stand-alone prescription drug plan (PDP) or a Medicare Advantage prescription drug plan (MA-PD). People with lower incomes and assets can get Extra Help with their prescriptions.
Medicare Advantage Disenrollment is Underway
The Medicare Advantage Disenrollment Period is currently underway until February 14, so you can disenroll from your Medicare Advantage plan if you’re not happy with it. You can switch back to Original Medicare and join a Medicare Prescription Drug Plan (PDP). You new coverage will begin the first day of the month after the plan receives your enrollment form.