In most cases you have literally dozens of Medicare Part D plans to choose from. AARP Medicare Rx plans are some of the most popular Medicare drug plans nationwide.
Below is the criteria important to making the right choice between AARP Medicare Rx Preferred PDP and AARP Medicare Rx Enhanced PDP.
Choosing an AARP Medicare Rx plan
Part D plans branded as AARP Rx plans are insured through UnitedHealthcare and are available nationally and widely accepted by most pharmacies. Choosing the right plan can keep you well protected, but make the wrong choice and you may be paying too much or may find that your prescriptions are not covered.
There are two primary factors that will determine whether you should enroll in the AARP Preferred or AARP Enhanced plan. Both are important but if the first criteria is not met the second will not really be relevant.
- The AARP Medicare Rx plan formulary – A Medicare Part D plan formulary is the list of covered medications included and for which you will receive a benefit by the plan. Many people believe that there is a universal Medicare Part D formulary but this is not the case.
- The plan’s monthly premium – If you find that the plan includes you medications but the premium is unaffordable visit medicare.gov and search for other plan in your area. It sounds counter intuitive but the monthly premium is really secondary.
When researching the formulary keep in mind that the formulary may not be the same in all States. You may also find that drugs are not always placed in the same tier from one State to the next.
This means it’s very important to either request a printed formulary or view it online as a PDF.
The majority of people who enroll in an AARP Medicare Rx plan enroll in the Preferred PDP. This has a standard formulary and the placement of drugs in tiers is favorable to other plans. The price is also less than the Enhanced PDP.
The AARP Enhanced Rx plan has an expanded formulary and is well suited to people on less common medications and those with a chronic illness. Even though the monthly premium is higher it would not make sense to save a few dollars on premium and not have some of your medications included.
Mail order pharmacy and $2 copays with the PharmacySaver program are included with both AARP Medicare Rx plans. These benefits are designed to keep your drug costs low and be convenient.
After researching your Medicare Part D options you very well may find that one of the AARP Part
D plans is suitable to your needs. It’s important that you be aware of Medicare enrollment periods to ensure that you are able to join the plan of your choice.