Wellcare prescription plans

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Understanding PDPs

Comprehensive Coverage

Prescription Drug Plans( Medicare Part D or PDPs), provide coverage for a wide range of prescription medications. These plans are designed to complement Medicare coverage provided by Original Medicare and or a Medicare supplement plan. PDP plans offer a cost-effective way to manage prescription drug expenses.

Medication Formulary

Each prescription drug plan comes with a specific list of covered medications known as a formulary. It’s essential to review this list to ensure that the medications each member takes or may need in the future are covered under the plan.  In most cases, PDP plan providers update their formularies each year.  This means it is imperative that enrollees go over plan changes each year to ensure they are still on the best plan for their needs.  In many cases, it is a good idea to enlist he help of a licensed Medicare agent to help go over all your coverage options.

Learn about the Part D drug cap

Pharmacy Network

Prescription drug plans have a network of preferred pharmacies where enrollees can fill their prescriptions. It’s important to check the pharmacy list to maximize cost savings. If you opt to use non-preferred pharmacies, your out-of-pocket costs may be higher.

Tiered Cost Structure

Prescription medications are categorized into different tiers, each with its own associated cost. Lower-tier medications generally have lower copayments or coinsurance, while higher-tier medications may have higher out-of-pocket costs. Understanding the tier structure can help you plan for and manage your prescription drug expenses.

When can you enroll in Medicare Part D

WellCare is dedicated to providing affordable healthcare solutions. Their prescription drug plans are designed to help individuals save on out-of-pocket costs for prescription medications. This can be beneficial for those who rely on multiple medications to manage chronic conditions. WellCare PDP Plans include the option for mail-order services. This convenient feature allows members to order a 90-day supply of  medications. This saves trips to the pharmacy and potentially reduces overall prescription costs.

Please note:

It is important to always review plan details, this includes the formulary and preferred pharmacy network to ensure the best coverage for each individual enrollee is chosen. Beneficiaries should consider using the help of a licensed Medicare agent when making important Medicare coverage choices.

Click here to learn how a Medicare agent can help you