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Liz Weston: Medicare Part D costs vary depending on what prescriptions you take

The article by Liz Weston, published on OregonLive, discusses the variability in costs associated with Medicare Part D prescription drug plans. It highlights that the expenses for these plans can differ significantly based on the specific medications an individual needs. Factors influencing costs include the formulary (list of covered drugs), the tier on which a drug is placed, whether a generic or brand-name drug is required, and the pharmacy chosen. The article advises that beneficiaries should review their plan annually during the open enrollment period to ensure it still meets their needs, as formularies and drug prices can change. It also notes the importance of understanding out-of-pocket costs like premiums, deductibles, and copayments, and suggests using tools like Medicare's plan finder to compare plans effectively.

Read the Full Oregonian Article at:
[ https://www.oregonlive.com/business/2024/12/liz-weston-medicare-part-d-costs-vary-depending-on-what-prescriptions-you-take.html ]