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PDP Tiers

Each Medicare Prescription Drug Plan (PDP) had it’s own set of covered drugs that is called a formulary. The drugs plans are then placed into different Tiers in their formulary, and each of those tiers requires a separate amount that you will pay for your prescriptions. Basically the tiers are a way of holding down costs for both the plans and the enrollees. The way they are able to achieve this is by charging lower copays for less expensive drugs, and higher copays for the costlier ones. Follow the link to learn more...

 

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Uploaded on June 19, 2019
Taken on June 4, 2019