Humana Preferred Rx Plan PDP for Maine Seniors
|Initial Coverage Limit:||$2,850.00|
|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|
2014 Medicare Prescription Drug Plan Overview
Humana Preferred Rx (PDP) is an approved Medicare Prescription Drug Plan for Maine seniors.
The annual premium is $273.60 ($22.80 monthly), and it carries a $310.00 deductible on all prescribed medications. This year the maximum Part D deductible is $310. That's down $15 from last year.
The Humana Insurance Company formulary ID for this plan is 00014054, and it features 3043 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 Preferred Rx Plan:
- Express Scripts Medicare - Value at $48.70 per month for Maine Seniors
- Express Scripts Medicare - Choice at $70.50 per month for Maine Seniors
- First Health Part D Premier Plus at $93.60 per month for Maine Seniors
Humana 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 2014, the ICL is $2,850. 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. Carriers 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 Preferred Rx (PDP) plan in Maine is tiered as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$1.00||249 Preferred Generics|
|2||$2.00||802 Non-Preferred Generics|
|3||20%||656 Preferred Brand Drugs|
|4||35%||989 Non-Preferred Brand Drugs|
|5||25%||347 Specialty Drugs|
The Initial Coverage Limit (ICL) is $2,850.00. This drug plan offers the full LIS benefit ($0.00 monthly premium) for seniors with Medicare benefits.
Humana Preferred Rx (PDP) 2014 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 Preferred Rx (PDP) plan all depends on your prescriptions.
The Gap Coverage with this policy: No Gap Coverage
Nation wide, the number of seniors using the Humana Preferred Rx Plan policy is 0. In region 1 (your region) there are approximately 0 people with this policy (based on 2011 CMS statistics).
Related Senior Services in Maine
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 3.5 out of 5 based on reviews from 0 user ratings from the previous year. For more information about the review process, visit http://cms.gov.
Share this page with your friends using our social sharing buttons. This catalog of Medicare Part D prescription plans is managed by David Bynon. See an error? Please let him know.