Do all the Medicare Prescription Drug Plan (PDP) sponsors offer the same cost savings and types of plans?
No. Each plan sponsor negotiates their own rates with the prescription drug manufacturers, pharmacies and other applicable entities. Therefore, the cost of your drugs will vary from one plan sponsor to the next. Additionally, similar to health insurance plans, there are many different types and levels of plans to choose from. It is important to understand your individual needs and priorities when choosing a plan-such as the potential cost savings, the type of drugs that are covered, and the location of pharmacies.
Related Questions
- What is the difference between Medicare Advantage prescription drug (MA-PD) coverage and prescription drug plan (PDP) coverage?
- What is the difference between Medicare Advantage prescription drug (MAPD) coverage and prescription drug plan (PDP) coverage?
- Do all the Medicare Prescription Drug Plan (PDP) sponsors offer the same cost savings and types of plans?
