What is a “formulary” in Part D Medicare?
Every Part D plan has a list of covered drugs called a formulary. Medicare provides insurance companies that sell Part D plans guidelines for the classes of drugs they have to cover but does not always specify the exact drugs that must be included on the formulary. Medicare excludes some drugs from their list of […]
I already have drug coverage through the VA. Do I still need to sign up for Part D Medicare?
In most cases, if you have drug coverage through the VA, the benefits are considered creditable by Medicare. This means that as long as you are enrolled in VA drug coverage, you don’t have to enroll in a Part D drug plan to avoid incurring a late enrollment penalty if you ever do need or […]