Farm Bureau Essential Rx Alabama Part D Plan S2668-005 by Farm Bureau Health Plans
Farm Bureau Essential Rx is a 2024 Basic Medicare Part D plan from Farm Bureau Health Plans that's available to individuals enrolled in a Medicare Advantage plan without prescription drug plan benefits or Medicare Part A and/or Part B.
This plan has a monthly premium of $37.10, an initial coverage limit of $5,030, an out-of-pocket threshold of $8,000, and a $545.00 deductible that must be paid before cost-sharing begins. This plan has an overall rating of 2.0 (Below Average) out of 5 stars.
See more 2024 Medicare Part D Plans in Alabama.
Part D Plan Basics | |
---|---|
Plan ID: | S2668-005 |
Plan Type: | PDP |
Plan Year: | 2024 |
Premium: | $37.10/mo |
Deductible: | $545.00/yr |
Benefit Type: | Basic |
Rx Gap Coverage: | No |
Low Income Subsidy: | Yes |
Availability: | Alabama |
Insured By: | Farm Bureau Health Plans |
Prescription Drug Plan Premium
Although Farm Bureau Essential Rx's monthly premium is bundled with the total plan cost, some plans have supplemental costs and/or offer low-income subsidy (LIS) assistance. The following table outlines the premium details of this Farm Bureau Health Plans plan.
Basic Part D Premium: | $37.10 |
Supplemental Part D Premium: | $0.00 |
Total Part D Premium: | $37.10 |
Part D Premium with Full LIS Assistance: | $0.00 |
For more information about the Low-Income Subsidy (aka, "Extra Help") program, refer to the Social Security Extra Help page.
Prescription Drug Plan Deductible
The Medicare Part D annual deductible with this plan is $545.00. This is the amount you must pay at the pharmacy before Farm Bureau Health Plans begins paying its share.
Prescription Drug Plan Out-of-Pocket Costs
In addition to the plan's monthly premium and deductible, Farm Bureau Essential Rx has copayments (a fixed dollar amount) and/or coinsurances (a percentage amount) that you must pay when you pick up your prescriptions. The following table shows you those costs.
Tier | Preferred | Standard |
---|---|---|
1 (Preferred Generic) | N/A | $5.00 copay |
2 (Generic) | N/A | $12.00 copay |
3 (Preferred Brand) | N/A | $47.00 copay |
4 (Non-Preferred Drug) | N/A | 50% |
5 (Specialty Tier) | N/A | 25% |
CMS Rating Marks and Our Review
The following table shows the quality ratings for this Farm Bureau Health Plans plan. Each year CMS rates drug plans (Part D) in four broad categories. We do not recommend joining a plan with an overall rating of less than 3.0.
This Medicare Part D plan gets 2.0 out of 5 stars overall. Here's our quick summary of how well Farm Bureau Essential Rx performs.
CMS Measure | Star Rating |
---|---|
Overall Plan Rating | |
Drug Plan Customer Service | |
Complaints and Changes in the Drug Plan | |
Member Experience with the Drug Plan | |
Drug Safety and Accuracy of Drug Pricing |
Way below Alabama standards, we can't recommend this plan. Here's why. Farm Bureau Essential Rx does a poor job at customer service. Medicare's complaint score on this plan is below average . The member experience with this Farm Bureau Health Plans plan is about average. Drug safety and the accuracy of drug pricing with this plan are about average.
You can't judge a Part D plan on its monthly premium or annual deductible. You have to look at the overall cost of your prescriptions. You can find basic benefits plans that have a lower monthly fee than this one. That's OK if the plan covers your prescriptions at the lowest possible price. Pay attention to the deductible. This plan is not like other plans. It does not exclude any tiers from the deductible. Other plans do.
Additional Basic Medicare Part D Plan Options in Alabama
Here are some additional plans in your area that might be worth reviewing:
- Mutual of Omaha Rx Plus (S7126-011)
- Clear Spring Health Value Rx (S6946-009)
- AARP Medicare Rx Basic from UHC (S5921-357)
- Humana Basic Rx Plan (S5884-106)
- Cigna Secure Rx (S5617-220)
Contact Farm Bureau Health Plans
Plan Website: | Farm Bureau Health Plans Plan Information |
---|---|
Formulay Information: | Farm Bureau Health Plans Formulary Information |
Pharmacy Information: | Farm Bureau Health Plans Pharmacy Information |
Prospective Members: | (844)368-8738 |
TTY Users: | (711)- |
If you qualify for Original Medicare but have not yet enrolled or verified your enrollment status, you can do so on the Social Security Administration website. You can learn more about the Medicare Advantage program on www.medicare.gov.
Plans Offered
Medicare Advantage and Part D plans and benefits offered by the following carriers: Aetna Medicare, Anthem Blue Cross Blue Shield, Aspire Health Plan, Dean Health Plan, Devoted Health, GlobalHealth, Health Care Service Corporation, Cigna Healthcare, Humana, Molina Healthcare, Mutual of Omaha, Premera Blue Cross, Medica Central Health Plan, SCAN Health Plan, Scott and White Health Plan now part of Baylor Scott & White Health, UnitedHealthcare(R), and Wellcare.
Citations & References
- Farm Bureau Health Plans, "http://www.fbhp.com/part-d", Last Accessed March 11, 2024
- Medicare.gov, "How to get prescription drug coverage", Last Accessed March 2, 2024
- Medicare.gov, "What Medicare Part D drug plans cover", Last Accessed March 1, 2024
- Medicare.gov, "Medicare costs at a glance", Last Accessed March 11, 2024
- Medicare.gov, "Help with drug costs", Last Accessed February 19, 2024
- CMS.gov, "Landscape Source Files", Last Accessed January 3, 2024
- CMS.gov, "Medicare Part C & D Performance", Last Accessed January 3, 2024