![]() This plan includes a $0 deductible on Tier 1 and Tier 2 medications with low to no copays if you use a SilverScript preferred pharmacy. ![]() SilverScript Insurance Company holds the most popular of CVS Health’s available plans: the SilverScript Choice plan. This merger has enabled CVS Health to grow its Part D plans, and an estimated 23% of all Part D subscribers held a CVS Health policy in 2019 (the earliest available data). CVS Health and Aetna merged in 2018, so CVS is now a subsidiary of Aetna, which is listed as the benefits provider when searching for this plan. SilverScript is a CVS Health company, adding convenience in terms of retail pharmacy access. Keep reading to find out how you can shop for the best Medicare Part D plan as well as information on our research of the top companies and their plans. We have researched the best Medicare Part D plans in terms of states covered, premium costs, Medicare ratings, website ease of use, and prescription pricing transparency. If you select a plan that does not cover most of your medications, you could pay significant out-of-pocket costs. Whether you are new to Medicare or shopping for a medication plan that better fits your needs, selecting a Medicare Part D plan requires careful research. Examples of brand-name medications include newer diabetes treatment medications, such as Januvia and Victoza, and medications to treat rheumatoid arthritis, such as Humira. ![]() For example, many common antibiotics such as amoxicillin and penicillin are often available as generics. Each tier will correspond with costs-generic medications will be the cheapest, while brand-name specialty drugs will cost the most. Each prescription drug plan will have a formulary, which is a listing of medications by tiers. Medicare requires all Medicare-eligible persons to have some form of creditable prescription drug coverage-this means your Part D plan must meet certain standards. You pay a premium to the private insurance company of your choice, which helps cover your prescription drug costs. Part D is the prescription drug coverage portion of Medicare. When you enroll in Medicare Part D, you’ll be in good company-an estimated 44.9 million people were enrolled in Part D plans in 2019. If you buy something through our links, we may earn a commission. ![]() We independently research, test, review, and recommend the best ![]()
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March 2023
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