High Importance!! Does Medicare Part D cover drugs that are Compounded?

Q13. Does Medicare Part D cover drugs that are compounded?

Answer:

This depends on the components of the compounded medication. A compounded prescription drug product may be covered if it contains at least one FDA approved drug component, although reimbursement is limited to the compounding fees and FDA approved component(s) only. Bulk powders are not FDA approved drug products and therefore are not covered under Part D. A compounded drug must also be prescribed for a "medically accepted indication".

http://www.medicarepartdappeals.com/PrescribersPharmacists/FrequentlyAskedQuestions.aspx#Q13