All Medicare drug plans and Medicare Advantage drug plans have networks, which are the composition of pharmacies, such as CVS or Walgreens, your plan has contracts with. Therefore, if you go to a pharmacy that isn’t in your Medicare drug prescription plan then your plan will not cover your drugs. Your drug plan’s network could include preferred pharmacies, non-preferred pharmacies, mail-order programs, or 60 and 90 day retail pharmacy programs.
A non-preferred pharmacy is one that is part of your plan’s network, but is not a preferred pharmacy. For example, at a non-preferred pharmacy you may pay higher out-of-pocket fees for your prescriptions than a preferred pharmacy.
A preferred pharmacy is one that is part of a Medicare drug plan’s network. At a preferred pharmacy you pay lower out-of-pocket fees for your prescription drugs than you would at non-preferred pharmacy.
In addition to preferred and non-preferred pharmacies there are mail-order programs. These programs allow you to get Medicare plan prescription drugs sent to your home. These are a favorable way for many to get their prescriptions because they come right to you and are generally cost-effective.
Lastly, there are 60 or 90 day retail pharmacy programs, which allow you toreceive a 60 or 90 day supply of your covered prescription drugs. This allows you to have a higher supply and not constantly having to go to the pharmacy to pick them up or wait for them in the mail.
If you would like to learn more, you can go to www.medicare.gov
If you have questions choosing a Medicare plan that offers the coverage you need, contact us at MedicareSolutions at 1-800-328-7305 where a licensed sales agent will immediately assist you.