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Medicare Part D in Wyoming


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If you’re like many seniors in Wyoming and elsewhere, you may take medications for your health condition. There may be help for you in the form of a Medicare Prescription Drug Plan (Part D) in Wyoming.

How many people have Medicare Part D in Wyoming?

Here are some facts about Medicare Part D in Wyoming in 2018.

  • Over 107,000 people in Wyoming are enrolled in the Medicare program.
  • More than 68,000 of them are enrolled in some type of Medicare Prescription Drug Plan (Part D) in Wyoming.
  • Around 3.8% of people in Wyoming who have Part D coverage are enrolled in Medicare Advantage Prescription Drug plans.
  • Around 96.2% of people in Wyoming who have Part D coverage are enrolled in stand-alone Medicare Part D Prescription Drug Plans.

Source: The Centers for Medicare & Medicaid Services (CMS)

What is Medicare Part D in Wyoming?

Medicare Part D in Wyoming is prescription drug coverage offered by private, Medicare-approved insurance companies that contract with Medicare. This type of coverage may help pay for your prescriptions. It works the same way in every state.

However, every Medicare Prescription Drug Plan maintains its own formulary – that’s a list of prescription drugs the plan covers. One plan’s formulary may be different from that of a different plan. So, when you’re shopping for a plan in Wyoming, you can make a list of your medications and compare it to the plan’s formulary to make sure the plan will suit your needs. The formulary may change at any time. You will receive notice from your plan when necessary.

Under Medicare Part D in Wyoming, you can choose either of two types of coverage.

  • If you have Original Medicare (Part A and/or Part B), you can sign up for a stand-alone Medicare Part D Prescription Drug Plan.
  • Alternatively, in most cases you can choose to get your Part A and Part B benefits – as well as Part D coverage – through a Medicare Advantage Prescription Drug plan.

You still need to pay your monthly Part B premium, plus any premium the plan may charge.

Why would you need Medicare Part D in Wyoming?

If you can afford to buy your medications at full cost, maybe you don’t need to sign up for a Medicare Prescription Drug Plan in Wyoming. But you might want to think about getting a Medicare Prescription Drug Plan in Wyoming if:

  • You don’t want to buy your medications at full cost
  • You feel it’s likely that you’ll need more medications in the future
  • You want to avoid the Medicare Part D late enrollment penalty

About that Part D late enrollment penalty: although coverage under Medicare Part D in Wyoming (or any state) is optional, you may face a penalty if you don’t sign up for a Medicare Prescription Drug Plan in Wyoming as soon as you’re eligible for Medicare, and later on you decide you want this coverage.

When can I sign up for Medicare Part D in Wyoming?

You generally can’t enroll in a Medicare Part D Prescription Drug Plan or a Medicare Advantage Prescription Drug plan anytime you want. You can only sign up during certain enrollment or election periods.

You can enroll in a Medicare Prescription Drug Plan when you’re first eligible for Medicare. Remember that you have to have both Medicare Part A and Part B to enroll in a Medicare Advantage Prescription Drug plan, but you only need Part A or Part B to sign up for a stand-alone Medicare Prescription Drug Plan.

You can also sign up for coverage under Medicare Part D in Wyoming during the Annual Election Period (October 15 – December 7).  You can also make other changes, such as changing plans, dropping plans, and more. Read more about the Annual Election Period.

In some situations, you may qualify for a Special Election Period to enroll in a Medicare Prescription Drug Plan. Learn about Special Election Periods.

Source: Statistical data from the Centers for Medicare & Medicaid Services (CMS) “Medicare Enrollment Dashboard,” from the CMS Office of Enterprise Data & Analytics, February 2019.

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