What is Humana Medicare Part D Plan?

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Most of the Medicare Plans offer prescription drug coverage. However, a basic Medicare policy does not offer such benefits; therefore, you will require adding stand-alone prescription drug insurance to cover the healthcare expenses.

You can choose A Humana Medicare Part D plans that come with added benefits at no extra cost to keep you healthy within the budget. It has three different options at different prices to help you manage the medical bills.

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Humana Wal-Mart Value Rx Plans:

It is the latest plan with the most affordable premium cost at $13.20 per month. The policy offers preferred cost-sharing benefits at Wal-Mart, Neighboring Market and Sam’s Club Retail Pharmacies. You can also avail mail delivery through Humana Pharmacy.

Benefits:

·         Affordable premium countrywide

·         Zero deductibles for Tier 1 and 2 medications

·         Low copayments on generic drugs at selected pharmacies

·         More than 1,500 drugs included in the list of generic medicines

Depending on your income level, you will be eligible for 25%-full premium assistance. If you qualify for low-income subsidy, you will be entitled to full assistance and will receive $6.2 premium obligation from the Wal-Mart Value Rx Plan.

Once you and your insurance have spent more than $4000, you will receive a coverage gap. It allows you to receive 75% discount on generic and brand-name drugs covered through the plan. Humana Formulary is distributed into different coverage tiers and levels based on the type or cost of the medication. Each tier has certain out-of-pocket cost and limited benefits, due to varying cost structure.

Humana Premier Rx Plans:

Redesigned in 2020, this Premier plan offers wider coverage to maintain the high cost of your prescription drug bills. The plan caters to a broader list of drugs with zero deductibles and co-payment on 90-day supplies of Tier 1 and 2 medicines.

Benefits:

·         Higher premiums with greater benefits

·         Zero deductibles and copayment on Tier 1 and 2

·         In-store co-payment for as low as $1 on generic drugs of over 5,200 pharmacy stores

The premiums are quite affordable but there are certain factors affecting its cost. If you are eligible for Extra Help, the premiums will be quite lower for these plans. However, if you are penalized for any premium, then it will increase the cost of these plans.

After you have completed the deductibles, the Premier Humana RX plan will share the cost of the medication. You can find around 3000 medicine in the Humana Premier Prescription list. All drugs are divided into different tiers to manage the cost-sharing. In total, there are five tiers, each having a different name and cost-sharing limit.

Humana Basic Rx Plan:

It is the most affordable co-payment prescription drug plan, covering a broad network of pharmacies. It provides you with potential savings and offers zero copays on Tier 1 medicines. You can get those benefits at any standard retail pharmacies and Humana Pharmacy mail-delivery.

Benefits:

·         Premium range between $22.3-$40, depending on your state

·         Annual deductible is only $435 with zero copayment on 30-day supplies

·         Preferred cost-sharing is available on Humana Pharmacy mail delivery

The plan lets you shop for your medications from the pharmacy you prefer. Due to its extensive network, you will be able to enjoy affordable copays and allow premium savings through Humana mail delivery service.

To learn more about the Humana Part D plans, you can talk to an experienced agent at Health Exchange Agency website.

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