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  • Mark Fonville, CFP

How to Reduce Prescription Drug Costs with Medicare Part D 2019 Open Enrollment Consulting

Did you know that October 15th, 2018 through December 7th, 2018 is the annual open enrollment for Medicare Part D coverage for 2019?

If you have a Medicare Part D prescription drug plan, or if you intend on enrolling in a plan, now is a great time to start thinking about how to reduce the costs of your prescription drugs.

Get your Retirement Checklist of over 30 things that you need to think about for your retirement.

What is Medicare part D prescription drug coverage?

Medicare Part D (drug coverage) was instituted in 2006 as part of the Medicare Modernization Act of 2003.

As a Medicare beneficiary, Medicare Part D prescription drug coverage is an optional insurance coverage to help you cover the costs of prescription drugs. It can be a valuable component of reducing your costs in retirement if you take prescription medications.