What Is a Medicare Prescription Drug Plan

Prescription drugs are a part of everyday life for a lot of people, especially as they get older or deal with long-term health conditions. That’s why Medicare includes an option for prescription coverage—because most people aren’t going to be able to afford their meds out of pocket forever. That’s where Medicare Part D comes in, and this is what’s commonly called a Medicare Prescription Drug Plan.

It’s designed to help people cover the cost of their meds, and it’s a smart move for anyone managing chronic conditions or just looking to stay ahead of rising drug prices. But here’s where it gets more interesting: the real savings often come when a pharmacy benefit manager (PBM) is part of the picture. 

Medicare and PBMs – What’s the Connection? 

A Medicare Prescription Drug Plan is backed by the government but managed by private insurance companies. These companies partner with PBMs (Pharmacy Benefit Managers) to handle the nuts and bolts of delivering prescription benefits. That includes setting up formularies (the list of covered meds), managing pharmacy networks, and—most importantly—working out the drug pricing behind the scenes. 

The reason this matters is simple: PBMs have leverage. They negotiate with pharmaceutical manufacturers, they set the rules for what gets covered and how much it costs, and ideally, they pass those savings down to the people who need the medication. 

Why Canada Pharmacy Is Built to Be Your PBM 

Now not every PBM works the same way, and not every pharmacy is set up to act as one. But Canada Pharmacy is—and we’re already helping plan providers and customers lower costs while maintaining access to high-quality prescription drugs. 

How? It starts with our ability to source medications affordably through trusted wholesale partners. That means we get better prices, and we’re able to offer PBM services to organizations in the U.S. that need a reliable and cost-effective solution for their members. 

There’s a reason more health plan providers are looking to partner with a Canadian online pharmacy for their PBM needs—it works. And it works even better when the PBM is a licensed pharmacy that can ship to all 50 states and D.C. That’s one more thing not every Canadian pharmacy can say, but we can. 

Partner with Canada Pharmacy and Start Saving 

PBM solutions aren’t just about processing prescriptions. They’re about negotiating better rates, improving medication adherence, and helping patients stay healthier—without blowing through their budgets. Think of us like the travel agent for your pharmacy benefits: we know the routes, we know the deals, and we know how to get your plan members what they need at a price that works for everyone. 

Want to know more about how we work as a PBM? 

Visit our Pharmacy Partner Page or reach out, and someone from our business development team will be happy to walk you through it. 

Canada Pharmacy is ready to be your pharmacy benefit manager. Let’s make prescription care more accessible, more affordable, and more dependable—for everyone involved.