How Symphonix Value Rx (PDP) Covers You
The California Symphonix Value Rx Medicare prescription drug plan (PDP) comes with a $2,960 initial coverage limit (ICL). The deductible on this plan is $405.00 (annual). In addition to the premium, you will make co-payments at your pharmacy. Click on the Co-Pay page to see the co-payment plan.
The ICL is where you share the cost of your prescriptions with your insurance company. You and the carrier (Symphonix Health) each pay your share until you hit the Initial Coverage Limit ($2,960 spent at the pharmacy on prescriptions).
This plan has a $405.00 deductible that you must pay at the pharmacy before ICP cost-sharing begins. The highest deductible allowed in 2015 is $320.