Symphonix Rite Aid Value Rx for Ohio Seniors

Symphonix Health Insurance Symphonix Rite Aid Value Rx (PDP) Medicare Drug Plan for qualified Ohio residents.
Medicare Quality Rating:This Medicare drug plan has an average rating of 3.5
Your Monthly Cost:
$26.80
Your Pharmacy Co-Pay:$310.00
Starting Coverage Limit:$2,850.00
By Mail Order:Yes
Gap Coverage:No Gap Coverage
Low Income Subsidy:Yes
Formulary Drugs:3382
Plan ID:S0522-020
Plan Year:2014
Medicare Approved for: OH Residents
Plan Type:Regional

Medicare Prescription Drug Plan Summary

Symphonix Rite Aid Value Rx Ohio Medicare Part D Plan S0522-020-OHSymphonix Rite Aid Value Rx is an approved Medicare Prescription Drug Plan (Part D) for seniors in Ohio.

The monthly premium for this plan is $26.80 ($321.60 annually), and the annual deductible is $310.00. For 2014, the maximum Part D deductible is $310. This amount adjusts slightly each year.

This Symphonix Health Insurance plan includes 3382 FDA approved medications. The formulary ID 00014387.

There are two situations will change the amount you pay for you drug plan in Ohio. If are a low income beneficiary and qualify for Extra Help your premium could be less. Also, if you have a premium penalty due to late entry, your premium will be higher.

Compare plans for best prices on your prescriptions. Here are a few Part D Plans we thin you should see:

Symphonix Rite Aid Value Rx 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 2013, 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 medications are organized into one of several tiers within the insurance carrier's drug formulary. Carriers use the formulary tiers to manage cost-sharing. Formulary tiers are not the same from plan to pan. Insurance carriers assign drugs to the tier tha's best for them.

The pharmacy co-pay with the Symphonix Rite Aid Value Rx plan in Ohio is tiered as follows:

Tier  Co-Pay AmountMedications in Tier
1$1.001391 Preferred Generics
2$10.00314 Non-Preferred Generics
3$37.00352 Preferred Brand Drugs
4$85.00831 Non-Preferred Brand Drugs
525%494 Specialty Drugs

2014 Medicare Coverage Gap

The Initial Coverage Limit (ICL) is $2,850.00. The prescription drug Coverage Gap (aka, "Donut Hole") is the coverage phase where you must pay all of your medication costs. When you reach the donut hole with the Symphonix Rite Aid Value Rx plan all depends on your prescriptions. The Gap Coverage with this policy: No Gap Coverage

Low Income Subsidy

This drug plan offers the full LIS benefit ($0.00 monthly premium) for seniors with Medicare benefits.

More Ohio Senior Healthcare Resources