WellCare Classic for Georgia 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:||Yes|
|Medicare Approved for:||GA Residents|
Medicare Prescription Drug Plan Summary
WellCare Classic is a 2014 Medicare Prescription Drug Plan (Part D) for beneficiaries living in Georgia.
The monthly premium for this plan is $18.60 ($223.20 annually), and the annual deductible is $0.00. 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.
WellCare's formulary ID for this plan is 00014171, and it features 2844 FDA approved medications.
There are two situations will change the amount you pay for you drug plan in Georgia. 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:
- Express Scripts Medicare - Choice
- Transamerica MedicareRx Choice
- First Health Part D Value Plus
- AARP MedicareRx Preferred
- Humana Enhanced
WellCare Classic 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. No deductible means 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 WellCare Classic plan in Georgia is tiered as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$0.00||281 Preferred Generics|
|2||$11.00||953 Non-Preferred Generics|
|3||$40.00||780 Preferred Brand Drugs|
|4||$90.00||510 Non-Preferred Brand Drugs|
|5||33%||320 Specialty Drugs|
2014 Medicare Part D Donut 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 WellCare Classic plan all depends on your prescriptions. The Gap Coverage with this policy: No Gap Coverage
Low Income Subsidy
This Part D plan qualifies for the full LIS benefit ($0.00 monthly premium) for seniors with low income subsidy.