Prescription medications can make up a substantial share of your annual out-of-pocket healthcare expenses, especially if you take brand-name drugs. For federal retirees and annuitants enrolled in Medicare, adding a Part D prescription drug plan may offer meaningful savings.
Many Federal Emloyees Health Benefits (FEHB) plans now include a Part D option that could cover additional drugs, provide lower out-of-pocket costs, and offer a lower catastrophic limit than an FEHB plan alone. This combination can translate into real protection and real money back throughout the year.
Watch this short video (7 min., 15 sec) to see how it works, which plans offer it, and whether it’s right for you.
[Video from Kevin Moss, senior editor with the Guide to Health Plans for Federal Employees provided by Consumers’ Checkbook.]