What”s most cost effective drug plan for disabled person on Medicare?

Question by BigRod: What”s most cost effective drug plan for disabled person on Medicare?
Wife permenantly disabled after elective surgery went bad. I am now unemployed (although still looking) but cannot afford big dollar prescriptions. Only found l drug on Walmart $ 4 plan.

Best answer:

Answer by Zarnev
There is no one most cost effective drug plan, it depends upon her situation and what drugs she is taking.

If you can, find an independent agent that will do a cost analysis for you to find the best plan. A good agent can answer the follow questions: How much will her drug co-pays be? Is there a deductible? Will she go into the “donut hole” or coverage gap (where you pay 100% of the drug cost) and, if so, when? How much will her medications be in the gap? Will she come out of the gap, when, and how much will the medications be at that time?

Don’t take the stock answer “generic drugs have a $ 5 co-pay” because some generics are not preferred and will have a Tier 3 co-pay of $ 50 to $ 80 per month. Also, some drugs may not even be included in the insurance company’s formulary.

Compare the total annual costs of the medication and the premium to find the best plan. The premium and deductible (if any) are not indicative of the best plan.

Know better? Leave your own answer in the comments!