Standalone Medicare Part D plans that help cover prescription drug costs and work alongside Original Medicare.
Prescription Drug Plans (Part D) help cover the cost of medications for individuals enrolled in Original Medicare. These plans are offered by private insurance companies approved by Medicare and are designed to reduce out-of-pocket expenses for both routine and high-cost prescriptions.
Part D plans can be paired with a Medicare Supplement (Medigap) plan to provide more complete coverage. Choosing the right plan depends on current prescriptions, preferred pharmacies, and cost considerations throughout the year.
We work with a range of national and regional carriers offering Medicare Part D plans. Availability varies by state and service area.
Prescription Drug Plans use a tiered system to determine costs for medications. Each plan has its own formulary (list of covered drugs), pharmacy network, and cost-sharing structure.
Key Components Include:
Because each Part D plan differs, reviewing options annually is important to ensure coverage aligns with current needs.
Key Considerations:
Selecting a plan based only on premium can lead to higher overall costs depending on medication needs.
New Horizons provides agents with tools and support to help evaluate and present Prescription Drug Plan options.
Agents have access to quoting and enrollment platforms, including IntegrityCONNECT, allowing for side-by-side comparisons of plans based on a client’s specific prescriptions and pharmacy preferences.
Training resources and support are available to help agents stay current on plan changes and confidently guide clients through the selection process.
Prescription Drug Plans are often part of a broader Medicare strategy. Depending on the client’s situation, they may also consider:
Prescription Drug Plans can vary significantly in cost and coverage. Having the right tools and support helps ensure clients are matched with plans that fit their needs.
