Finding Specific Part D Needs

The drugs that are covered in a Part D plan as well as the costs for these drugs vary from plan to plan.

It is incredibly important to ensure that you review a client’s current prescriptions to recommend a plan that meets their needs.

This means finding a plan that covers their prescribed medications at a good price at their preferred pharmacy.

As you gather that information, we recommend storing it in the CRM on the Integrity Platform.

This provides secure storage of your client’s information and enables you to use the built-in drug cost estimator.

If you’re not using that CRM, you can also use Medicare.gov to estimate drug costs.

Regardless of which tool you use, you’ll be able to review Part D costs for the remainder of the year, including premium and out-of-pocket costs.

You may ask, “What if my client isn’t currently taking prescriptions? Should they enroll in Part D?”

Yes, they should still sign up. If they don’t sign up and don’t have other creditable prescription coverage, they could face a late enrollment penalty applied to their Part D premium.

For clients without prescriptions, the discussion may change to look at options with the cheapest premiums or options that work with their preferred pharmacy.

This could help lower costs if they are prescribed medication later on in the year.

Once you’ve identified the top plan for their needs, you’re ready to present those plans to your clients.

You can learn more about that in our next lesson.

Watch the Next Lesson