What Is The Best Medicare Part D Plan For Me? 
Deciding on your best Part D plan is based on your medicines , local pharmacies , and total out of pocket costs . Each plan offers their own formularies -LRB- list of drugs each plan covers -RRB- . Some plans may have a wide selection of generics , but a more limited selection of name brands . This helps keep their premiums down . Some plans have open formularies -LRB- not many available now -RRB- . An open formulary must take on any newly approved drugs from Medicare . With many of the newly approved drugs being biological -LRB- read expensive -RRB- , this can cause the premiums for open plans to be much higher . In order to determine what is best for you , you would need to provide a list of medicines , dosages , frequencies , and desired local pharmacy to your broker . The broker can run a comparison and determine what 's best for you . Most states have over 25 plans to choose from . Selection of the pharmacy can also add additional savings . Some plans offer free generics from certain pharmacies . The plans are often associated with the big chain pharmacies . 