Humana Walmart Rx Plan for Florida Seniors
|Medicare Quality Rating:|
|Your Monthly Cost:|
|Your Pharmacy Co-Pay:||$310.00|
|Starting Coverage Limit:||$2,850.00|
|By Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||No|
|Medicare Approved for:||FL Residents|
Medicare Prescription Drug Plan Summary
Humana Walmart Rx Plan is a 2014 Medicare Prescription Drug Plan (Part D) for beneficiaries living in Florida.
The plan's premium is $151.20 ($12.60/month). It has a $310.00 deductible (annual). For 2014, the maximum Part D deductible is $310. This amount adjusts slightly each year.
The formulary ID for this Humana Insurance Company plan is 00014055. The formulary contains 3189 medications.
For all Florida seniors with Medicare benefits, there are two situations will change the amount you pay for you drug plan. First, if you qualify for the Extra Help program your premium may be lower. Second, if a premium penalty has been imposed on you for late entry, your premium will be a bit higher.
Here are a few Part D Plans that compare with Humana Walmart Rx Plan:
- Express Scripts Medicare - Value
- Express Scripts Medicare - Choice
- First Health Part D Premier Plus
- Transamerica MedicareRx Choice
- Transamerica MedicareRx Classic
Humana Walmart Rx Plan 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. The highest deductible allowed in 2014 is $310.
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 Humana Walmart Rx Plan plan in Florida is tiered as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$1.00||249 Preferred Generics|
|2||$4.00||815 Non-Preferred Generics|
|3||20%||715 Preferred Brand Drugs|
|4||39%||1059 Non-Preferred Brand Drugs|
|5||25%||351 Specialty Drugs|
2014 Part D Plan Doughnut Hole
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 Humana Walmart Rx Plan plan all depends on your prescriptions. The Gap Coverage with this policy: No Gap Coverage
Low Income Subsidy
If you have LIS benefits, this Part D plan is not available to you.