Find Medicare Drug Plans - Best Coverage - Lowest Cost
Best Medicare Drug Plans 2023
What You Should Know
The typical senior who switches from their current Medicare Part D plan to a new one, saves between $550 and $750 annually according to the American Association for Medicare Supplement Insurance. (Posted August 9, 2022).
If saving money interests you, we share information about Medicare Part D plans.
5 Key Things Every Senior Should Know About Drug Plans
- Nearly 1,000 different Medicare drug plans are sold in the U.S.
- Today, many people have drug coverage included with their Medicare Advantage plan.
- If not, you will want to consider a separate Medicare Part D plan.
- Depending on where you live, you will have between 5 and 30 Part D plans available.
- Monthly Part D premiums vary (see examples from 2022).
Use This Tool To Find Available Medicare Drug Plans
Click here to access the Plan D comparison tool.
Access the 100% free and 100% private (only enter your Zip Code) online drug plan comparison tool.
Click the banner on the right.
You will see plans available in your area. For best comparisons, be prepared to enter the names of your prescription medications.
IF you find a better plan and ONLY IF you wish to enroll, you can do so using the tool.
Medicare Drug Plan Premiums Vary
The following 2022 information demonstrates the reason it is so important to review your drug plan coverage every year.
Below the charts we show changes coming in 2023. Be sure to compare plans during Medicare Annual Enrollment starting October 15.
Chicago – Cook County, IL (Zip Code 60015) – 18 Plans Available (5 shown Below)
| MONTHLY PREMIUM | Co-PAY FOR PREFERRED DRUGS | IN-NETWORK DEDUCTIBLE |
| $6.90 | $ 19 | $480 |
| $11.70 | $ 8 | $480 |
| $34.10 | $ 7 | $480 |
| $88.10 | $ 5 | $ 0 |
| $94.30 | $ 15 | $ 0 |
Houston – Harris County, TX (Zip Code 77001) – 21 Plans Available (5 shown Below)
| MONTHLY PREMIUM | Co-PAY FOR PREFERRED DRUGS | IN-NETWORK DEDUCTIBLE |
| $6.90 | $ 19 | $480 |
| $12.90 | $ 8 | $480 |
| $34.70 | $ 7 | $480 |
| $99.20 | $ 15 | $ 0 |
| $154.90 | $ 7 | $ 0 |
Los Angeles – LA County, CA (Zip Code 90015) – 20 Plans Available (5 shown Below)
| MONTHLY PREMIUM | Co-PAY FOR PREFERRED DRUGS | IN-NETWORK DEDUCTIBLE |
| $7.50 | $ 19 | $480 |
| $10.90 | $ 8 | $480 |
| $92 | $19 | $0 |
| $106.90 | $ 8 | $480 |
| $160.20 | $ 11 | $ 0 |
New York City – Manhattan, NY (Zip Code 10016) – 16 Plans Available (5 shown Below)
| MONTHLY PREMIUM | Co-PAY FOR PREFERRED DRUGS | IN-NETWORK DEDUCTIBLE |
| $7.20 | $ 19 | $480 |
| $12.90 | $ 8 | $480 |
| $60.20 | $ 4 | $325 |
| $85.20 | $ 5 | $480 |
| $101.00 | $ 15 | $ 0 |
Medicare Drug Plans 2023 – Changes Coming
CMS anticipates that average monthly premiums for 2023 drug plan coverage will drop to $31.50 from the current average of $32.08. It pays to compare your plan each year.
The maximum deductible for Part D coverage is projected to rise to $505 in 2023.
Medicare’s Star Rating system will be improved to help seniors better compare plans.
Valuable Links To More Drug Plan Information
Tips to find the best Medicare drug plans.
Medicare Plan G Price Index (2022)
Association’s Online Directory – Find Medicare Agents Near Me