Cigna-HealthSpring Rx -Reg 28 PDP for Arizona Seniors
|Initial Coverage Limit:||$2,850.00|
|Pharmacy Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||Yes|
|PDP ID No:||S5932-027|
|Approved by CMS for:||AZ Residents|
|Rx Plan Type:||National|
2014 Medicare Prescription Drug Plan Overview
Cigna-HealthSpring Rx -Reg 28 (PDP) is an approved Medicare Prescription Drug Plan insured by HealthSpring Prescription Drug Plan for Arizona seniors and other qualifying beneficiaries.
The plan's premium is $26.40 per month ($316.80 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 00014007. It features 2946 approved prescription medications.
Arizona 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 Cigna-HealthSpring Rx -Reg 28 with:
- Express Scripts Medicare - Value at $54.70 per month for Arizona Seniors
- Express Scripts Medicare - Choice at $70.50 per month for Arizona Seniors
- Transamerica MedicareRx Choice at $50.10 per month for Arizona Seniors
Cigna-HealthSpring Rx -Reg 28 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 Arizona the tiered pharmacy co-pay with the Cigna-HealthSpring Rx -Reg 28 (PDP) is as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||25%||2946 Preferred Generics|
|2||N/A||0 Non-Preferred Generics|
|3||N/A||0 Preferred Brand Drugs|
|4||N/A||0 Non-Preferred Brand Drugs|
|5||N/A||0 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.
Cigna-HealthSpring Rx -Reg 28 (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 Cigna-HealthSpring Rx -Reg 28 (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 Cigna-HealthSpring Rx -Reg 28 plan nationally is 0. In your region (CMS PDP region 28) there are an estimated 0 people using the plan (previous year's statistics).
Related Senior Services in Arizona
More Information About HealthSpring Prescription Drug Plan
Based in Nashville, Tennessee, HealthSpring got its start in 2000 and is now one of the country’s largest and fastest-growing coordinated care plans whose primary focus is Medicare Advantage plans. HealthSpring currently owns and operates Medicare Advantage plans in Alabama, Delaware, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Pennsylvania, Tennessee, Texas, and Washington, D.C., as well as a national stand-alone prescription drug plan.
The summary (overall) rating for this HealthSpring Prescription Drug Plan plan is 2.5 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.
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