As you may have read from our prior Blog posts and videos, the government has released a new Medicare Plan Finder tool for 2020 and will be shutting down the existing Medicare Plan Finder tool, which limits our ability to review Part D Drug Plans for 2020.
So, we wanted to send out a couple of examples of ANOCs (Annual Notice of Changes) for two of the more popular Part D Plans in NJ.
This ANOC above is for SilverScript Choice and the ANOC explains what is changing in 2020.
Bottom line, SilverScript Choice used to be the lowest premium plan with a $0 deductible. This year they introduced a deductible of $305 for higher tiered medications, but they did lower the cost sharing for basically every Tier of medication for 2020.
The 2020 Formulary has not been published yet but we recommend checking to make sure your drugs remain on the formulary for 2020.
See bio here