Humana Walmart-Preferred Rx Plan PDP for Maine Seniors
|Initial Coverage Limit:||$2,970.00|
|Pharmacy Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||Yes|
|PDP ID No:||S5884-101|
|Approved by CMS for:||ME Residents|
|Rx Plan Type:||National|
|Members in Region:||10489|
2013 Medicare Prescription Drug Plan Overview
Humana Walmart-Preferred Rx (PDP) is an approved Medicare Prescription Drug Plan for Maine seniors.
The annual premium is $222.00 ($18.50 monthly), and it carries a $325.00 deductible on all prescribed medications. For 2013, the maximum Part D deductible is $325. That's up just $5 from last year.
The Humana Insurance Company formulary ID for this plan is 00012265, and it features 3100 FDA approved medications.
For all Maine seniors with Medicare benefits, there are two situations will change the amount you pay for you drug plan. First, if you qualify for the Extra Help program your premium may be lower. Second, if a premium penalty has been imposed on you for late entry, your premium will be a bit higher.
Here are a few Part D Plans that compare with Humana Walmart-Preferred Rx Plan:
- Medco Medicare Prescription Plan - Value at $49.10 per month for Maine Seniors
- Medco Medicare Prescription Plan - Choice at $81.40 per month for Maine Seniors
- WellCare Classic at $33.50 per month for Maine Seniors
Humana Walmart-Preferred Rx Plan Initial Coverage
ICP - the Initial Coverage Phase - is where you share the cost of your prescriptions with your insurance company. You and the carrier each pay your share until you hit the Initial Coverage Limit (ICL). In 2013, the ICL is $2,970. This number is adjusted each year. This plan has a deductible that you must pay before ICP cost-sharing ICP begins.
All prescription drugs fall into one of several tiers within the insurance carrier's drug formulary. Carrier use the formulary tiers to manage cost-sharing. Be aware that tiers are not standardized. In other words, carriers assign drugs to the tier they deem most suitable.
The pharmacy co-pay with the Humana Walmart-Preferred Rx (PDP) plan in Maine is tiered as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$1.00||258 Preferred Generics|
|2||$5.00||1044 Non-Preferred Generics|
|3||20%||885 Preferred Brand Drugs|
|4||35%||913 Non-Preferred Brand Drugs|
|5||0 Specialty Drugs|
The Initial Coverage Limit (ICL) is $2,970.00. This drug plan offers the full LIS benefit ($0.00 monthly premium) for seniors with Medicare benefits.
Humana Walmart-Preferred Rx (PDP) 2013 Coverage Gap
The prescription drug Coverage Gap (aka, "Donut Hole") is the coverage phase where you must pay all of your medication costs. You can learn more about costs in the donut hole by reading What is the Medicare Part D Donut Hole? When you reach the donut hole with the Humana Walmart-Preferred Rx (PDP) plan all depends on your prescriptions.
The Gap Coverage with this policy: You must pay the $3727.50.
Nation wide, the number of seniors using the Humana Walmart-Preferred Rx Plan policy is 1,412,142. In region 1 (your region) there are approximately 10,489 people with this policy (based on 2011 CMS statistics).
Additional Facilities and Services in ME
More Information About Humana Insurance Company
Humana Inc., headquartered in Louisville, Kentucky, is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
The summary (overall) rating for this Humana Insurance Company plan is 3.0 out of 5 based on reviews from 10489 user ratings from the previous year. For more information about the review process, visit http://cms.gov.