A Medicare Part D preferred pharmacy is a pharmacy that has agreed to lower cost-sharing for plan members. Using a preferred pharmacy reduces your copays and coinsurance. Most Part D plans have a network of preferred pharmacies. Mail-order pharmacies are often preferred pharmacies with the lowest cost-sharing.
Key Points
- Preferred pharmacy: lower cost-sharing for plan members
- Using a preferred pharmacy reduces copays and coinsurance
- Mail-order pharmacies: often the lowest cost-sharing option
- Verify your pharmacy is preferred before enrolling
- An independent agent can help you identify plans with your preferred pharmacy