Michigan residents have a number of Medicare Part D drug plans to choose from. See the top eight plans for 2021, learn about the average costs for drug plans, and find out how you can quickly compare your options online.

If you’ve reached Medicare eligibility, you may be considering Medicare Part D coverage. This additional healthcare coverage can be a great way to help Medicare beneficiaries save on medication costs.

Because these plans are provided by private insurers, it can be a lengthy and difficult process to compare plan options, especially when comparing numerous costs and other factors.

Start comparing Medicare Part D plans quickly and easily with the Insurify Medicare comparison tool, using just your ZIP code.

 

What Are the Best Medicare Part D Plans in Michigan?

Below are the top eight Medicare prescription drug plans in Michigan for 2021. Top plans were determined by a number of factors, including plan premiums, deductibles, prescription costs, and the insurance plan’s Medicare star rating.

If you want to learn more about enrollment for one of the plans below, contact the health insurance plan provider directly. You can also learn more about Medicare eligibility at Medicare.gov

#1 Prescription Blue Premium S5584-002 (PDP)

  • Premium: $109.30
  • Deductible: $0
  • Rating: 4/5

This plan has a $0 deductible, and its drug costs in the initial coverage phase aren’t unreasonable, either. Tier 1 drugs cost $1–$18, Tier 2 are $5–$30, and Tier 3 are $40–$135. Tier 4 drugs require 45 percent coinsurance, and covered Tier 5 drug supply amounts require 33 percent coinsurance.

#2 Prescription Blue Select S5584-001 (PDP)

  • Premium: $87.70
  • Deductible: $445
  • Rating: 4/5

This plan is unique in that all covered prescriptions require 25 percent coinsurance in the initial coverage phase, regardless of tier. Initial coverage phase costs are in effect after you reach the deductible and until you reach the initial coverage limit.

#3 WellCare Classic S4802-084 (PDP)

  • Premium: $57.70
  • Deductible: $445
  • Rating: 4/5

When considering this plan’s monthly premium, its drug co-pays and coinsurance are reasonable. Tier 1 drug co-pays are $0–$6, Tier 2 are $2–$18, and Tier 3 are $30–$102. Tier 4 drugs require up to 42 percent coinsurance, and covered Tier 5 drug amounts require 25 percent coinsurance.

#4 WellCare Value Script S4802-148 (PDP)

  • Premium: $15.80
  • Deductible: $445
  • Rating: 4/5

This plan has a low monthly premium, and its Tier 1 drug costs are also reasonably low, at $0–$15. Tier 2 drugs are $7–$36, and Tier 3 drugs are $43–$141. If you use Tier 4 prescriptions, be prepared to pay up to 50 percent coinsurance, and covered Tier 5 prescription supplies require 25 percent coinsurance.

#5 WellCare Wellness Rx S4802-182 (PDP)

  • Premium: $15.10
  • Deductible: $445
  • Rating: 4/5

Unlike the previous WellCare plan, this plan has some higher prescription costs, even with a low premium. Tier 1 drugs require $0–$24 co-pays, Tier 2 are $6–$45, and Tier 3 are $40–$141. For Tier 4 drugs, expect to pay up to 50 percent coinsurance, and for Tier 5 covered prescription supplies, expect to pay 25 percent coinsurance.

#6 AARP MedicareRx Preferred S5820-012 (PDP)

  • Premium: $80.20
  • Deductible: $0
  • Rating: 3.5/5

With this plan, you’ll pay relatively high prescription costs. Tier 1 drugs are $5–$45, Tier 2 are $10–$60, and Tier 3 are $45–$141. Tier 4 drugs require up to 45 percent coinsurance, and Tier 5 covered drug supply amounts require 33 percent coinsurance.

In the gap coverage phase, you can expect to pay $0–$60 for some Tier 2 drugs instead of the standard 25 percent coinsurance for this phase.

#7 AARP MedicareRx Saver Plus S5921-358 (PDP)

  • Premium: $27.10
  • Deductible: $445
  • Rating: 3.5/5

With this plan, you’ll pay less for your prescriptions and a lower premium, but you will also be subject to a deductible. Tier 1 drugs cost $1–$18, Tier 2 cost $5–$30, and Tier 3 cost $28–$99. For Tier 4 drugs, you’ll pay 40 percent coinsurance, and for covered Tier 5 prescription supply amounts, you’ll pay 25 percent coinsurance.

#8 AARP MedicareRx Walgreens S5921-394 (PDP)

  • Premium: $31.20
  • Deductible: $445
  • Rating: 3.5/5

In the final plan on the list, expect to pay $0–$45 for Tier 1 drugs, $6–$60 for Tier 2, and $40–$141 for Tier 3. For Tier 4 drugs, you’ll pay up to 45 percent coinsurance, and for Tier 5 covered drug supply amounts, you’ll pay 25 percent coinsurance.

Also, note that in the gap coverage phase, you’ll pay $6–$60 co-pays for some Tier 2 drugs, and all other covered drugs in this phase require the standard 25 percent coinsurance.

Are you looking to compare plan options from other providers, such as Blue Cross Blue Shield or Cigna? Get started comparing options in your service area with the Insurify Medicare comparison tool.

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How Much Does Medicare Part D Cost in Michigan?

The average cost for a Part D prescription drug plan is $32 in 2021, and plan deductibles can be no higher than $445. These costs can help you determine how different plans compare to one another in affordability.

When you enroll in a plan, you’ll pay different costs for your prescriptions throughout the year, depending on which phase you’re in. After you pay your deductible but before you reach the initial coverage limit of $4,130, you’re in the initial coverage phase. Once you reach the $6,350 out-of-pocket maximum, you’re in the catastrophic coverage phase.

The coverage gap between these two phases is called the “donut hole.” In the donut hole, you’ll typically pay 25 percent coinsurance for your prescriptions.

What Is Medicare Part D?

Medicare Part D, or a prescription drug plan, helps you cover the cost of prescription medications. This coverage is optional, and your eligibility for a drug plan opens when you become eligible for Medicare.

You can purchase this coverage from a private insurance company, and the plan provider determines plan costs, including co-pays and coinsurance for brand-name and generic drugs. If you’re interested in specific plans, be sure to check the insurers’ plan documentation for a formulary, which will list the prescriptions they cover.

While there’s no specific open enrollment period for Part D plans, your eligibility typically lasts for a seven-month period after you first become eligible for Medicare. Enrolling in a plan after that window could result in a late-enrollment penalty.

What Types of Medicare Part D Plans Are Available in Michigan?

With prescription drug coverage, you can purchase either a stand-alone Part D plan or a Medicare health plan that includes drug coverage. Stand-alone plans can supplement Original Medicare (Medicare Part A and Part B), or coverage can be added to a cost plan, some private fee-for-service Medicare plans, or a medical savings account plan. 

With health plans like Medicare Advantage plans (or Medicare Part C), some plans will include drug coverage, so you won’t need to purchase a separate plan. Medicare Part C is a great way to bundle Original Medicare coverage with other benefits like hearing, dental, and vision coverage in addition to drug coverage.

 

FAQ: Michigan Part D Plans

What is the best prescription drug plan available in Michigan?

The best plan for you will depend on a number of factors, including your current health and budget. However, from the top plans, the WellCare Value Script plan and AARP MedicareRx Saver Plus plan seem to offer a great balance between relatively low monthly premiums and prescription costs.

I already have a Medicare Supplement Insurance (Medigap) plan. Can I enroll in a prescription drug plan, too?

If you have a Medigap plan, you can still enroll in a prescription drug plan. However, if your Medigap plan includes drug coverage, your insurance provider will need to remove the drug coverage from your Medigap plan to account for your new drug plan.

Can I be eligible for Medicaid benefits and a Medicare drug plan at the same time?

It’s possible that you’re eligible for both Medicaid benefits and Medicare coverage simultaneously, and you may be able to select drug plan coverage. If you have specific questions regarding your dual eligibility status, visit the Centers for Medicare & Medicaid Services website, CMS.gov, for contact details to speak to someone directly about your case (with support for TTY users).

Conclusion: Start Comparing Your Medicare Drug Plan Options

Selecting a Medicare prescription drug plan can be a great way to save on the cost of your prescriptions. Even if you aren’t taking many prescription medications now, purchasing a plan can help you be prepared for the future.

Knowing the top plans in Michigan for 2021 gives you a headstart, but you’ll also benefit from comparing all the plans in your service area in one place.

Get started comparing your plan options today! Find the best plan available to you with the Insurify Medicare comparison tool.

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Updated April 11, 2021

Jasmine Fleming is a freelance digital content marketer and strategist. She loves crafting helpful content that readers can use to make important decisions. You can learn more about Jasmine at her website, www.jasminefleming.com.