Humana Preferred Rx Plan, by Humana Insurance Company, is a 2017 Medicare Part D Plan available in Louisiana. It's a new plan, so it has not yet been rated by the Centers for Medicare and Medicare Services. The monthly premium is $27.90 and the annual deductible is $400.00.
Below are the PDP plan details. If available, we highly recommend downloading the plan's Summary of Benefits document.
Premiums and Deductibles
Medicare Part D is a cost share plan. When you join Humana Preferred Rx Plan there are several costs that you pay, including premiums, a deductible and pharmacy copayments.
The total premium is $334.80 ($27.90/month). The annual deductible on this plan is $400.00. This is the amount you must pay towards your prescriptions before the plan kicks in and pays its share. The following table shows the premium breakdown:
Low-Income Subsidy Premiums
This plan qualifies for the FULL Low Income Subsidy. The following table details subsidised premium amounts:
Humana Preferred Rx Plan has a $3,700.00 initial coverage limit (ICL). When you hit the ICL you must pay the next $3752.50 in prescription drug costs out of pocket. This gap in coverage is commonly called the Donut Hole. During this period you'll get a minimum 42% discount on ALL formulary generics and a minimum 55% discount on ALL brand drugs will have. Some plans offer additional assistance in the Coverage Gap, but Humana Preferred Rx Plan does not.
Pharmacy CopaymentsIn addition to the Humana Preferred Rx Plan plan premium, you'll pay copayments at your pharmacy when you pick up your prescriptions. The copay amount is based on the formulary tier your prescription falls under, as follows:
|Tier||Co-Pay Amount||Tier Description|
Compare Humana Preferred Rx Plan with these PDPs
Humana Preferred Rx Plan is a Basic (Actuarially Equivalent Standard) National PDP plan with a $400.00 deductible. We think it compares well with these plans:
Medicare Part D Eligibility
You are eligible to enroll in the Humana Preferred Rx Plan plan if you are:
- A resident of the state of Louisiana,
- Enrolled in both Medicare Part A and Medicare Part B, and
- You are 65 years old or older (or have Medicare Disability).
Humana Insurance Company offers this plan in New Orleans, Metairie, Baton Rouge, Shreveport, Lafayette, Lake Charles, Kenner, Bossier City, Monroe, Alexandria and all other cities and rural areas of Louisiana.
This page was last updated on 10/15/2016.
Plan data on AllMedicare.com comes from CMS.gov and is subject to change. The Centers for Medicare and Medicaid Services has neither reviewed nor endorsed the information on this site.
This page is a brief summary, not a complete description. Limitations, co-payments, and restrictions may apply. For more information contact the plan directly.
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