We took a road trip recently. I had read that gas prices were rising so we paid attention. As we traveled, we saw prices all over the map. So, what did we do when we needed to fill the tank? We stopped at the station with the lowest price.
Those shopping for a Medicare Part D prescription drug plan encounter this same dilemma. Just like with gasoline, drug plan prices are all over the map. Monthly premiums range from $15.70 upwards of $175. But, unlike filling your tank, going with the lowest premium may not always be the wisest choice. You could end up paying way more in out-of-pocket costs.
When shopping for a drug plan, take time to compare costs and other benefits for the medications you take. And, learn about some mistakes to avoid at https://www.65incorporated.com/topics/medicare-part-d-prescription-drug-plans/dont-make-these-mistakes-when-shopping-part-d-drug-plan/