Why Does My Part D USA Not Give Yearly Totals On Drug Plan Comparisons?
QUESTION: I entered in my drugs on your comparison and only got the monthly totals. When I go to other websites I get different results because of the yearly totals. Why is this and how can I understand the best plan for myself?
ANSWER: If you read the blog all year and go back through the “category section” on the left side of this page and read “drug savings tips” you will understand how you can maximize your savings on Part D drug plans.
The only thing you need to worry about is saving the most on the first 2, 830 worth of drugs your purchase in 2010. You need to find a plan that: 1. Covers every one of your medications. 2. Saves you the most in co-pays.
The only people who need to worry about yearly totals are those that get to the 95% coverage and you need to blow through your drug plan as quickly as possible and get to the 95%.
All other folks need to STOP using your drug plan when you get to the “dreaded donut hole” because drug plans charge more during this time to make up for when you were paying co-pays. If you read my other blogs about SHOPPING AROUND, you will understand that you can save much, much more by not using your drug plan anymore when you reach the donut hole. Go online, go to Wal-Mart, Sams, CVS and every store in your area to get the cheapest price…not the one your drug plan charges you.
If you begin 2010 by not buying your generics using your drug plan and getting them for $4 you will not fall into the donut hole as quickly, because as I have said too many times, even though your drug plan’s co-pays are small for generics they ding you 30, 40, up to $60 dollars toward the donut hole.
By following just these two pieces of advice you will maximize your Part D benefits. That is why your yearly total is useless information, unless you intend on doing exactly what your insurance company wants you to do! Get it? Got it? GREAT!!!!
