One of the most consumer-friendly attributes of the Medicare Part D prescription drug program is the ample selection of coverage plans available to enrollees in every state and, by extension, the affordability of high-quality prescription drug coverage made possible by plans competing to offer the greatest value.
Medicare Part D is a magnificent asset that protects the health of both seniors and individuals living with disabilities across this great the nation. Since enacted, this widely loved program has shown huge cost-saving benefits. It delivers much needed medications at a significantly lower cost than originally projected.
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During the Medicare open enrollment period, it’s important for seniors and people with disabilities to make sure that they’re getting a plan that suits their needs and the most value for their costs. With one week left in this year’s period, Medicare enrollees should be taking one last look at their plans to make sure that the prescriptions they use are included in their plan’s formulary and to see if their premium could be lower with another plan that meets their needs.
The expansion of Medicare to include prescription medicines has made all the difference for seniors’ health and the overall success of the program has further been a boost for the Medicare programs own fiscal standing. When Part D was enacted in 2006, a positive shift occurred that enabled many older Americans to access needed treatments at a price they could afford. Part D continues to provide greater access and has extended and improved countless lives with affordable premiums and co-pays.