What is a “formulary” in Part D Medicare?
A formulary is a comprehensive list of prescription drugs covered by each Part D Medicare plan. While Medicare provides guidelines to insurance companies about drug classes that must be covered, it doesn’t specify exact medications that must be included. Some drugs are excluded from Medicare’s required coverage list, but Part D plans can include them […]
I already have drug coverage through the VA. Do I still need to sign up for Part D Medicare?
In most cases, if you have drug coverage through the VA, the benefits are considered creditable by Medicare. This means that as long as you are enrolled in VA drug coverage, you don’t have to enroll in a Part D drug plan to avoid incurring a late enrollment penalty if you ever do need or […]