EnvisionRxPlus Silver PDP for Maine Seniors
|Initial Coverage Limit:||$2,850.00|
|Pharmacy Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||No|
|PDP ID No:||S7694-001|
|Approved by CMS for:||ME Residents|
|Rx Plan Type:||National|
2014 Medicare Prescription Drug Plan Overview
EnvisionRxPlus Silver (PDP) is an approved Medicare Prescription Drug Plan insured by EnvisionRx Plus for Maine seniors and other qualifying beneficiaries.
The plan's premium is $33.20 per month ($398.40 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 00014566. It features 2562 approved prescription medications.
Maine 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 EnvisionRxPlus Silver with:
- 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
EnvisionRxPlus Silver 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 Maine the tiered pharmacy co-pay with the EnvisionRxPlus Silver (PDP) is as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$10.00||518 Preferred Generics|
|2||25%||1279 Non-Preferred Generics|
|3||$45.00||201 Preferred Brand Drugs|
|4||45%||332 Non-Preferred Brand Drugs|
|5||25%||232 Specialty Drugs|
The ICL (Initial Coverage Limit) on this Part D plan is $2,850.00. This plan doesn't qualify for a $0 LIS premium.
EnvisionRxPlus Silver (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 EnvisionRxPlus Silver (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 EnvisionRxPlus Silver plan nationally is 0. In your region (CMS PDP region 1) there are an estimated 0 people using the plan (previous year's statistics).
Related Senior Services in Maine
More Information About EnvisionRx Plus
EnvisionRx Plus is a Medicare-approved Prescription Drug Plan that is available in 50 states and the District of Columbia. EnvisionRx Plus is designed to give Medicare beneficiaries access to affordable generic or brand medications you need. This web site will provide you with important information regarding benefits and services, how much you will have to pay out of your own pocket, and other necessary plan requirements which will help you in making an informed decision about your Medicare Part D prescription drug coverage.
The summary (overall) rating for this EnvisionRx Plus 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.
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.