You can easily compare your 2023 and 2024 drug costs, when you receive your Annual Notice of Change from your plan. You will have this notice by the end of September. The notice will tell you about the changes to your plan.
This is what to look for when you review the Annual Notice of Change document:
Review the changes to see which ones apply to you.
First and most important, are your drugs still covered.
Are they still covered in the same drug Tier, and if not, will your copays increase.
Are there changes to how you can use and purchase your medications. These include authorization requirements and changes to costs.
If your drugs are subject to an Annual Deductible, has that gone up.
On the other hand, has an Annual Deductible been added to your costs for 2024.
Will your pharmacy no longer be in the plan’s pharmacy network. If so, that will increase your costs.
Has the plan increased their monthly premium.
What to Do After you Review Your Plan’s Annual Notice of Change
If you want to stay enrolled in your current Boynton Beach drug plan, you don’t need to do anything. That is because your plan will automatically renew at the end of 2023.
On the other hand, if you decide to change your plan, you’ll need to compare your annual costs to other plans in your zip code. There are many other plans, from the same or other insurance companies to check out.
