As a Medicare Part D member you’ve probably heard of the term “coverage gap,” or as it’s more commonly known, “the doughnut hole.” Perhaps you’ve experienced the gap firsthand. If so, you know that when members reach the coverage gap their out-of-pocket costs dramatically increase. In the standard plan, for example, members who were paying 25% of their drug costs will suddenly be required to pay 100%. What most people don’t know is that many opportunities exist to reduce your expenses during the gap! You can save money by: 1) switching to generics, 2) switching to brand name drugs that are preferred by your plan, or 3) taking a shorter-acting drug more frequently.
This website uses a tool called the Lower-Cost Prescription Drug Finder to help you reduce your prescription drug costs. To date, more than 850,000 individuals have used this tool to save an average of $900 in prescription drug savings!
Here’s how it works.
- First, select your plan and enter the name of a drug you are currently taking
- Fill out the registration form to ensure your privacy
- Print up a copy of your prescription price report for review with your doctor
- Finally, discuss the lower-cost drug options with your doctor and decided which medication is medically and financially best for you
It’s that simple! To begin searching for ways to save money, enter your zip code in the box below. If you have questions regarding either the coverage gap or the Lower-Cost Prescription Drug Finder, click the “How It Works” link at the top of this page.
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