Saving Money with Preferred Pharmacies

Our goal at RetireMEDiQ is to offer Medicare guidance whenever we can, and we aim to give you the best tips to help you live your best life. With certain medications, costs can quickly add up. You may find yourself wondering if there’s a way to save on prescription drugs costs. Using a preferred pharmacy is one way that could help you save money, and our client advisors in Dayton and Cincinnati, Ohio, are here to give you a run-down on preferred pharmacies versus standard pharmacies.

How it Works

On your Medicare Advantage or Part D Prescription Drug plan, certain pharmacies have a contracted relationship with your insurance company. These pharmacies are considered “preferred” by the insurance company. This means that you may pay less if you use these in-network preferred pharmacies to fill your medications. This applies to both local retail pharmacies and mail order pharmacies.

Many insurance companies categorize network pharmacies as “standard” or “preferred.” If this is the case on your plan, you will find that preferred pharmacies will give you the lowest copays on your medications. Standard pharmacies are in-network, but you will usually pay more money to fill your medications there.

How We Can Help

To find out which pharmacies are preferred on your specific Medicare plan, you can do one of two things:

  • Reach out to your client advisors here. We can help you navigate the right pharmacy options for your needs and budget!
  • Reach out to your insurance company directly to ask which pharmacies are preferred on your Medicare plan.

Your Advisor in Medicare in Dayton and Cincinnati

If you have questions about your preferred pharmacy network, please contact your client advisors at 1-877-222-1942 or client@retiremediq.com. We’re local in Dayton and Cincinnati to help answer your Medicare questions!

Not yet a RetireMEDiQ client? Have questions about getting started with Medicare? Contact our advisors in Medicare today by emailing advice@retiremediq.com or scheduling a call with us.

 

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