AARP MedicareRx Preferred for West Virginia Seniors
|Medicare Quality Rating:|
|Your Monthly Cost:|
|Your Pharmacy Co-Pay:||$0.00|
|Starting Coverage Limit:||$2,850.00|
|By Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||No|
|Medicare Approved for:||WV Residents|
Medicare Prescription Drug Plan Summary
AARP MedicareRx Preferred is a 2014 Medicare Prescription Drug Plan (Part D) for beneficiaries living in West Virginia.
The annual premium is $500.40 ($41.70 monthly), and it has a $0.00 annual deductible. With a zero dollar deductible you have first dollar coverage. Many plans have a policy deductible that must be paid in full prior to receiving prescription coverage assistance.
The formulary ID for this UnitedHealthcare plan is 00014403. The formulary contains 3707 medications.
There are two situations will change the amount you pay for you drug plan in West Virginia. 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.
Here are a few Part D Plans that compare with AARP MedicareRx Preferred:
- Express Scripts Medicare - Choice
- Transamerica MedicareRx Choice
- First Health Part D Value Plus
- Humana Enhanced
- SecureRx - Option 3
AARP MedicareRx Preferred 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 no deductible so your initial coverage phase begins immediately.
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 AARP MedicareRx Preferred plan in West Virginia is tiered as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$3.00||66 Preferred Generics|
|2||$6.00||996 Non-Preferred Generics|
|3||$39.00||1128 Preferred Brand Drugs|
|4||$80.00||920 Non-Preferred Brand Drugs|
|5||33%||597 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 AARP MedicareRx Preferred plan all depends on your prescriptions. The Gap Coverage with this policy: No Gap Coverage
Low Income Subsidy
This presdription drug plan does not qualify for the $0 LIS premium.