Lower Your Prescription Costs
Participating in a prescription drug plan is one way to help cut your pharmacy costs and make getting your medications easier.
What is a Prescription Drug Plan?
Prescription drug plans are supplemental insurance plans that cover prescriptions only.
- For individuals: If your health plan doesn't provide enough prescription coverage, you can purchase an individual prescription drug plan for added support.
- For Medicare enrollees: Original Medicare (Parts A and B) pays for your doctor and hospital visits, not prescription medications. To cover your prescription costs, you can add a Medicare prescription drug plan (Part D) to your Medicare coverage.
- For Medicare Advantage enrollees: Most Medicare Advantage plans (Part C) include prescription drug coverage (Part D). However, you can join a separate Medicare drug plan with Medicare Advantage plans that can't offer drug coverage or choose not to.
How Can I Lower My Prescription Drug Costs?
Here are a few ways you may be able to reduce what you spend on prescription medications.
|Way to Save||How it Saves|
|Use the mail for maintenance medications||
|Use drugs on the plan's formulary (also called a drug list)||
|Use programs like RxSaver and HoyMeds||
|Use your plan's preferred pharmacy||
|Take advantage of pharmacy rewards programs||
|Use an health savings account (HSA) or flexible spending account (FSA)||
Combining these options with a prescription drug plan can help maximize medication and pharmacy savings. Learn more about prescription drug plans with CareFirst.