Anyone with Medicare parts A & B/ advantage coverage is eligible to take a part D coverage for the prescription drugs of the Medicare. The coverage is valid only if there are no other plans that cover for the prescription drugs.
The part D drug plan contains a set of covered drugs called formulary. The formulary covers for the drugs that are mentioned in it. If the policyholder wishes to have coverage for some other drug outside of the set, then the plan provider may grant partial/ full coverage at discretion.
The formulary contains drugs that are classified into various tiers. The first most tier contains drugs that are very inexpensive while the top most tier contains drugs that are very costly.
Mostly all the branded drugs are available with heavy price tags and the generic drugs with the same composition are available at low prices. The plans offer those generic drugs under the tier one with a “Most preferred drug” tag.
Also the federal government asserts that there is no difference in the effectiveness of the branded and generic drugs and hence encourages the citizens to buy generic drugs to reduce the impact of Medical bills on economy.
There is an option of extra help for the low income groups to help them meet their Medicare drug costs. The government helps those who qualify for the extra help to pay for the premiums, copayments and coinsurance of the plans.
There are about 32 plans offered in the state with plan D cover. Here is the set of people offering coverage to the exclusive prescription drug packages: