Humana Walmart Rx Plan for Florida Seniors

Humana Insurance Company Humana Walmart Rx Plan (PDP) Medicare Drug Plan for qualified Florida residents.
Medicare Quality Rating:This Medicare drug plan has an average rating of 3.5
Your Monthly Cost:
$12.60
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
Formulary Drugs:3189
Plan ID:S5884-157
Plan Year:2014
Medicare Approved for: FL Residents
Plan Type:National

Medicare Prescription Drug Plan Summary

Humana Walmart Rx Plan Florida Medicare Part D Plan S5884-157-FLHumana 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:

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 AmountMedications in Tier
1$1.00249 Preferred Generics
2$4.00815 Non-Preferred Generics
320%715 Preferred Brand Drugs
439%1059 Non-Preferred Brand Drugs
525%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.

More Florida Senior Healthcare Resources