We found 22 Medicare Part D Plans in Florida.
- The average A premium is an amount that an insurance policyholder must pay for coverage. Premiums are typically paid on a monthly basis. In the federal Medicare program, there are four different types of premiums. is $53.64 per month, however the lowest premium is just $7.70.
- The average drug plan A deductible is an amount a beneficiary must pay for their health care expenses before the health insurance policy begins to pay its share. is $368 per year, but 4 plans have a zero-dollar deductible.
- Medicare rated 23% of all plans available in Florida 4 stars or higher.
- There are 9 basic benefit plans and 13 enhanced benefit plans.
- A total of 4 plans offer full Social Security's Low-Income Subsidy (LIS) program helps Medicare beneficiaries pay for their Medicare Part D prescription drugs by paying some of the costs. Also known as "Extra Help", beneficiaries who qualify for LIS receive premium... (LIS) for those who qualify.
- There are 3 plans that have additional coverage in the coverage gap phase (aka, "donut hole").
Florida Medicare Part D Plans
|AARP MedicareRx Preferred||$101.20||$0||Enhanced||No||No||Yes|
|AARP MedicareRx Saver Plus||$63.20||$480||Basic||No||No||No|
|AARP MedicareRx Walgreens||$29.30||$310||Enhanced||No||No||No|
|BlueMedicare Complete Rx||$174.30||$0||Enhanced||No||Yes||Yes|
|BlueMedicare Premier Rx||$77.30||$480||Basic||No||No||No|
|Cigna Essential Rx||$30.20||$480||Enhanced||No||No||No|
|Cigna Extra Rx||$66.80||$100||Enhanced||No||Yes||Yes|
|Cigna Secure Rx||$33.10||$480||Basic||Yes||No||No|
|Clear Spring Health Premier Rx||$19.70||$480||Enhanced||No||No||No|
|Clear Spring Health Value Rx||$29.40||$480||Basic||Yes||No||No|
|Humana Basic Rx Plan||$50.60||$480||Basic||No||No||No|
|Humana Premier Rx Plan||$78.60||$480||Enhanced||No||No||Yes|
|Humana Walmart Value Rx Plan||$22.70||$480||Enhanced||No||No||No|
|Mutual of Omaha Rx Plus||$93.30||$480||Basic||No||No||No|
|Mutual of Omaha Rx Premier||$35.20||$480||Enhanced||No||No||Yes|
|Wellcare Medicare Rx Value Plus||$68.90||$0||Enhanced||No||No||No|
|Wellcare Value Script||$12.00||$480||Enhanced||No||No||Yes|
The Four Phases of Every Florida Medicare Part D Plan
Medicare Part D plans are an option Medicare beneficiaries can use to get prescription drug coverage. Part D plans provide cost-sharing on covered medications in four different phases: deductible, initial coverage, coverage gap, and catastrophic. Each... are designed to help Medicare beneficiaries pay for their prescription drugs. Some of the cost-sharing concepts of these plans are foreign to new Medicare beneficiaries, so let's look at the four phases.
Phase 1 is the Deductible
A Medicare Part D plan's deductible is the amount you pay out-of-pocket before the initial coverage phase begins and the plan begins paying its share. So, if you enroll in a plan with a $225 deductible, you'll spend that much at the pharmacy for your prescriptions. After that amount, you will pay the copay amount only until you reach the A period of time in which you pay higher cost-sharing for prescription drugs until you spend enough to qualify for catastrophic coverage.. Most Medicare prescription drug plans have a deductible, however, many plans exclude Tier 1 drugs from the deductible, which gives you first-dollar coverage on most lower-cost medications.
The 2nd Phase is the Initial Coverage Limit (ICL)
For 2022, the Part D Initial Coverage Limit (ICL) is $4.430. Your Part D plan will pay the bulk of your prescription cost during the ICL phase. If your costs exceed $4,430, then you will be in the coverage gap phase (aka "doughnut hole")
Phase 3 is the Coverage Gap
After your 2022 gross drug costs have reached $4,330, you will enter the Coverage Gap phase. This is where you will pay 25% of your medication's retail cost. While the price of A generic drug is a prescription medication that has the same active ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. might not be much different, what you pay for brand-name drugs will be higher (because you're paying 25% of the full price). This will continue until you reach $7,050 in True Out Of Pocket Costs (TrOOP).
Some plans offer additional gap coverage, so look for it on the plan information pages.
Phase 4 is Catastrophic Coverage
All Part D plans offer catastrophic coverage once you have paid $7,050 out-of-pocket for covered drugs. This amount includes the cost of covered drugs as well as some additional costs. In the catastrophic coverage phase, your A copayment, also known as a copay, is a set dollar amount you are required to pay for a medical service. or Coinsurance is a percentage of the total you are required to pay for a medical service. will be significantly lower for the remainder of the year.
The Out-of-Pocket Costs for Medicare are the remaining costs that are not covered by the beneficiary's health insurance plan. These costs can come from the beneficiary's monthly premiums, deductibles, coinsurance, and copayments. that help you get catastrophic coverage include:
- Your plan's deductible;
- What you paid during the Once you have met your yearly deductible, you will pay a copayment or coinsurance for each covered drug until you reach the initial coverage limit. You will then enter your plan’s coverage gap (aka, “donut... period;
- Most of the full cost of brand-name drugs (and the manufacturer’s discount) purchased in the coverage gap;
- The amount paid by others, including family members, most charities, and other persons on your behalf; and
- The amount paid by State Pharmaceutical Assistance Programs (SPAPs), AIDS Drug Assistance Programs, and the Indian Health Service.
Choose Your Part D Plan with Care
Evaluate Part D Medicare plans wisely. If you have a regular prescription or two, we suggest that you verify that the plan you want offers your medication(s) at a good price. You find this information in the A formulary is a list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits. Medications not on a plan's formulary are generally not covered.. We post links to the formulary and pharmacy web pages, as well as the plan's phone number, on each of the PDP pages listed above.
IMPORTANT: Identifying the best Medicare Part D Plans for you takes a bit of research. What's best for you is personal and must consider multiple factors, including your regular prescriptions, your health, and your finances.
Get Your Prescriptions and More with a Medicare Advantage Plan
There's more than one way to get prescription drug coverage with your Medicare benefits. The first way is by enrolling in one of the Medicare prescription drug plans available in Florida. The second way is to get prescription coverage through one of the many Florida Medicare Advantage Plans that include Part D benefits. Most Medicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B). available in Florida include Part D as an additional benefit.
Combining a Supplement and Medicare Part D Benefits
With Original Medicare is private fee-for-service health insurance for people on Medicare. It has two parts. Part A is hospital coverage. Part B is medical coverage. you are responsible for paying about 20 percent of all hospital and medical bills. Without additional protection, even a brief hospital stay can cost you thousands out-of-pocket. That's why we maintain a complete directory of Florida Medicare Supplement Insurance, also known as Medigap. We make it easy to find the best rates on the coverage you want. All Medicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage. sold in Florida plans are 100% compatible with Medicare Part D plans.
Getting Medicare Part D with Florida Medicaid
If you meet the requirements for both Medicare and Medicaid (aka, "dual eligible" or "Medi-Medi") in Florida, you will automatically receive a Medicare Prescription Drug Plan, as well as Extra Help from Social Security. If you qualify for Extra Help, the program will cover most of the costs of your prescriptions. Even if you qualify, the dual eligible option may not suit your needs. In this case, enroll in the prescription drug plan of your choice. If you receive Medicaid is a public health insurance program that provides health care coverage to low-income families and individuals in the United States. now, call your local Medicaid office for assistance with your dual eligible benefits.
Citations & References
- Medicare.gov, "Drug coverage (part D)", Last Accessed May 21, 2022
- Medicare.gov, "How Part D works with other insurance", Last Accessed May 14, 2022
- Medicare.gov, "Catastrophic coverage", Last Accessed June 13, 2022
- Medicare.gov, "What's Medicare Supplement Insurance (Medigap)?", Last Accessed June 7, 2022
- SSA.gov, "Extra Help with Medicare Prescription Drug Plan Costs", Last Accessed June 1, 2022
- CMS.gov, "Landscape Source Files", Last Accessed October 26, 2021
- CMS.gov, "Medicare Part C & D Performance", Last Accessed October 15, 2021
This Medicare Part D plan state information page was last updated on .