The American Association of Retired Persons (AARP) is an organization that provides prescription drugs to the beneficiaries of Medicare at low costs. This Medicare approved organization has designed three drug plans that cover almost all brand name prescription drugs or its generic brand included in Medicare Part D. Around 60,000 pharmacies participate in the AARP Medicare Rx Plan to provide expensive prescription drugs at a reduced rate. The 3 prescription drug plans provided by AARP are AARP Medicare Rx Plus a Enhanced Plan and a Saver plan. Each of these plans includes one or more of co-payment tiers. Tier 1 includes generic drugs and has the lowest co-pay; Tier 2 has preferred brand name prescription drugs with medium co-pay; the higher co-pay Tier 3 includes non-preferred drugs; and the highest co-pay comes in the Specialty Tier.
The three AARP drug plans cover the drugs that are also covered by Medicare Part D. AARP Medicare Rx Plan has mid-priced premiums, flat and simple co-pays with no deductibles. AARP Medicare Rx Plan – Enhanced has an additional bonus drug list that includes drugs not covered by Medicare Part D. This plan offers Tier 1 generic drug coverage with flat and simple co-pays and no deductibles. The only plan that has annual deductible is AARP Medicare Rx Plan – Saver. However, this plan includes the lower monthly premiums and co-pays. Other benefits of the AARP plans include discount mail order prescription services, additional assistance for low income beneficiaries, discounts on prescriptions approved by FDA, etc. The organization also offers other discount programs like discounts on vision programs, fitness programs, dental insurance and long-term care. Medical Supply Services are also offered through Prescription Solutions for individuals with diabetes or respiratory problems; this service aimed at the Medicare Part B beneficiaries and has no out-of-pocket expenses and provides free home delivery of supplies.
If you are eligible for Medicare Part A or enrolled in Medicare Part B, you qualify to be enrolled in the AARP Medicare Rx Plan. Usually, the enrollment period starts three months prior to the individuals’ 65th birthday month and lasts until three months after the birthday month; this is called the seven-month enrollment window. If the individual has not enrolled in the AARP Medicare Rx Plan during this period, he/she can enroll in the open enrollment period. You can also make any plan changes during the open enrollment period. This is between November 15 and December 31 of each year.