Learn More About MHI's two Medicare Part D Prescription Drug Plans

Farm Bureau Select Rx

2021 Coverage

Farm Bureau Essential Rx

2021 Coverage

Medicare Part D is prescription drug coverage available to individuals enrolled in Medicare Part A and/or Part B.  Part D plans are offered by various insurance companies approved by Medicare. People with a Part D plan must pay a monthly premium for this coverage, and the amount of the premium will vary from one company to the next. If you are a Medicare beneficiary with Part A and/or B, considering a Part D prescription drug plan is the logical next step.

Members Health Insurance Company offers two Part D prescription drug plans (PDP) that provide added layers of protection from the high cost of prescription drug needs. This coverage is available in all counties in Alabama.  Select one of the plans shown below for plan details, a directory of network pharmacies, and a comprehensive formulary.

Although enrollment in a Part D plan is not required, a Part D plan may help lower your prescription drug expenses, as well as protect you against higher costs in the future.  You should consider enrolling when you first become eligible for Medicare.

Even people who don’t currently take any medications should consider joining a plan for the following reasons:

  1. You may be charged a late enrollment penalty (LEP) if you decide to join a Part D plan at a later date unless you have had creditable prescription drug coverage since you first became eligible for Medicare. Creditable prescription drug coverage is coverage that meets Medicare’s minimum standards since it is expected to pay, on average, at least as much as Medicare’s standard prescription drug coverage.
  2. Illnesses and/or accidents are not uncommon even while practicing healthy lifestyle habits. Medications needed to treat an unexpected medical event could be expensive.
  3. Advances in pharmaceuticals continue to bring us effective medications, but many of these drugs carry a high price.

Not everyone needs a Part D plan. Some people on Medicare may have other creditable prescription drug coverage, such as through a current or former employer.