Humana Preferred Rx Plan Prescription Drug Plan for Louisiana Seniors
|Overall Plan Rating:|
|Coverage Limit (ICL):||$2,850.00|
|Pharmacy Mail Order:||Yes|
|Gap Coverage:||No Gap Coverage|
|Low Income Subsidy:||Yes|
|PDP ID No:||S5884-108|
|Approved by CMS for:||LA Residents|
|Rx Plan Type:||National|
2014 Medicare Prescription Drug Plan Overview
Humana Preferred Rx Plan is an approved Medicare Prescription Drug Plan (PDP) for seniors in Louisiana.
The plan's premium is $273.60 ($22.80/month). It has a $310.00 deductible (annual). For 2014, the maximum Part D deductible is $325. That's up just $5 from last year.
Humana Insurance Company's formulary ID for this plan is 00014054, and it features 3043 FDA approved medications.
For all Louisiana 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.
Be sure to compare plans. Here are a few Part D Plans we thin you should see:
- Windsor Rx
- Express Scripts Medicare - Value
- Express Scripts Medicare - Choice
- Transamerica MedicareRx Choice
- Transamerica MedicareRx Classic
Humana Preferred 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 2014, the ICL is $2,850. This number is adjusted each year. This plan has a deductible that you must pay before ICP cost-sharing ICP begins.
All prescription medications fall into one of several tiers of the plan's formulary. The formulary tiers are used to manage cost-sharing (e.g., co-payments). Formulary tiers are not standardized. Each insurer can assign drugs to the tier that best suits what they pay for drugs.
The pharmacy co-pay with the Humana Preferred Rx Plan plan in Louisiana is tiered as follows:
|Tier||Co-Pay Amount||Medications in Tier|
|1||$1.00||249 Preferred Generics|
|2||$2.00||802 Non-Preferred Generics|
|3||20%||656 Preferred Brand Drugs|
|4||35%||989 Non-Preferred Brand Drugs|
|5||25%||347 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 Preferred Rx Plan plan all depends on your prescriptions. The Gap Coverage with this policy: No Gap Coverage
Low Income Subsidy
This drug plan qualifies for the full low income subsidy benefit ($0.00 LIS premium).
Nation wide, the number of seniors using the Humana Preferred Rx Plan policy is 0. In region 21 (your region) there are approximately 0 people with this policy (based on 2012 CMS statistics).
Related Health Insurance in Louisiana
More Information About Humana Insurance Company
Humana Inc., headquartered in Louisville, Kentucky, is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
The summary (overall) rating for this Humana Insurance Company plan is 3.5 out of 5 based on reviews from 0 user ratings from the previous year. For more information about the review process, visit http://cms.gov.
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