Good And Bad News For Those Whose Part D Drug Costs Skyrocketed Recently

It’s that time of year when many of those who have Part D prescription drug coverage experience sticker shock. Here is a sample of what’s happening with my clients.

• Can this be right? The $141 copay for my expensive eye drops just shot up to $520 and the costs for my other drugs dropped to between $0.75 and $4.
• Did I pick the wrong plan? After meeting the plan’s deductible, I have been paying $11 for one medication. This month, I got a bill for $201.

Yes, unfortunately, these costs are likely correct and no, you probably didn’t pick the wrong plan.