Humana Preferred Rx Plan PDP for Louisiana Seniors
|Initial Coverage Limit:||$2,850.00|
|Pharmacy Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||Yes|
|PDP ID No:||S5884-108|
|Approved by CMS for:||LA Residents|
|Rx Plan Type:||National|
2014 Medicare Prescription Drug Plan Overview
Humana Preferred Rx (PDP) is an approved Medicare Prescription Drug Plan insured by Humana Insurance Company for Louisiana seniors and other qualifying beneficiaries.
The plan's premium is $22.80 per month ($273.60 annually) and it has a $310.00 annual pharmacy deductible. The maximum deductible allowed by Medicare in this year is $310 (down from $325 last year). Your prescription coverage assistance begins when the deductible is reach.
The plan's formulary ID is 00014054. It features 3043 approved prescription medications.
Louisiana seniors, there are two circumstances that will change the premium. Seniors that qualify for Extra Help receive a lower premium. Beneficiaries with a late enrollment penalty will pay slightly more.
We think it is worth comparing Humana Preferred Rx Plan with:
- Windsor Rx at $32.60 per month for Louisiana Seniors
- Express Scripts Medicare - Value at $30.10 per month for Louisiana Seniors
- Express Scripts Medicare - Choice at $49.50 per month for Louisiana 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, so your ICP does not start until the deductible has been paid.
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.
In Louisiana the tiered pharmacy co-pay with the Humana Preferred Rx (PDP) is 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 ICL (Initial Coverage Limit) on this Part D plan is $2,850.00. This plan qualifies for full LIS benefits and a $0.00 monthly premium.
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 'donut hole' gap coverage on this policy is: No Gap Coverage
Prescription Drug Plan Members
The reported number of Medicare beneficiaries using the Humana Preferred Rx Plan plan nationally is 0. In your region (CMS PDP region 21) there are an estimated 0 people using the plan (previous year's statistics).
Related Senior Services in Louisiana
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.