Understanding Medicare Part D: Preferred vs Contracted Pharmacies

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Published On: June 15th, 2020Categories: Medicare Part D

As if Medicare D isn’t confusing enough, pharmacy benefit managers and insurance plans have added more complexity to coverage. Use this guide to understand how these companies define which pharmacies are “preferred” and why up-front co-pay discounts for retail pharmacies should not discourage residents in long-term care (LTC) from using a community’s “contracted” LTC pharmacy.

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