If you search for Medicare Part D plans will will find that you probably have dozens of choices, but an AARP Medicare RX plan may be your best option.
An AARP Part D drug plan can be purchased as a stand-alone plan or may be included in a United Healthcare Advantage plan, like AARP Medicare Complete.
When you enroll in a Medicare Advantage plan you will only have one plan choice available.
But if you are enrolling in an AARP stand-alone Part D plan you will have two plans from which to choose:
AARP Medicare Rx Preferred and AARP Medicare Rx Enhanced.
AARP offers one of the most popular drug plan for seniors nationwide.
There are many reasons why choosing an AARP plan may be a good fit for you, including:
- Strong name recognition means almost guaranteed acceptance.
- Monthly premiums are some of the most competitive.
- Broad formulary means a good chance your drugs will be covered.
- Choice of plans for all budgets.
- $0 annual deductible
Many people also buy an AARP Medicare supplement insured through United Healthcare.
What matters when choosing a plan
When enrolling in a Part D drug plan there are several things you should consider, such as:
- Are my medications included in the plan’s formulary?
- Will my pharmacy accept the AARP Medicare RX plan?
- Is the monthly premium affordable?
- How do the co-pays compare to other plans?
- Will I have any benefits in the coverage gap?
- Should I choose a plan with or without an annual deductible?
It’s also good idea to determine which tier individual drugs fall into and compare that to any other plans that you may be considering.
Some companies will offer a plan that seems to be a good value because of the low monthly premium, only to place certain drugs in a higher tier than other plans.
Annual Election Period is the time to compare Medicare Part D
The Annual Election Period begins October 15th and ends December 7th each year.
Plans become effective on January 1st and there is little opportunity to make changes after that date.
Unless you are entitled to a Part D Special Enrollment Period you will have to live with the plan for the full calendar year.
You may feel a little more comfortable in your choice knowing that more people choose an AARP Part D Plan over competing plans.