2014 AARP Medicare Part D Plans Insurance by United Healthcare Summarized by MedicareBob™:
AARP is offering 3 different Medicare Part D Plans in 2014:
1. AARP MedicareRx Preferred (PDP)
The AARP® MedicareRx Preferred drug list includes nearly all generic drugs covered by Medicare Part D and most commonly used brand-name drugs. $0 annual deductible, lower copayments with the Preferred Retail Pharmacy Network and access to more than 65,000 network pharmacies make this our most popular prescription drug plan.
The average monthly premium for the AARP MedicareRx Preferred in 2014 is $43.47.
2. AARP MedicareRx Enhanced (PDP)
The AARP® MedicareRx Enhanced plan includes nearly 94% of drugs covered by Medicare Part D plus coverage for Tier 1 and Tier 2 drugs and select brand name drugs in Tiers 3 – 5 in the coverage gap. It offers a $0 annual deductible, lower copayments with the Preferred Retail Pharmacy Network and access to more than 65,000 network pharmacies. Note: This plan is not available in: Arkansas, Kansas, American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands.
The average monthly premium for the AARP MedicareRx Enhanced in 2014 is $101.57.
3. AARP MedicareRx Saver Plus (PDP)
The AARP® MedicareRx Saver Plus plan includes most generic drugs covered by Medicare Part D and many commonly used brand name drugs. It offers a $310 annual deductible, lower monthly premiums , lower copayments with the Preferred Pharmacy Network and access to more than 65,000 network pharmacies. Note: This plan is not available in: America Samoa, Guam, the Northern Mariana Islands, Puerto Rico or the U.S. Virgin Islands.
The average monthly premium for the AARP MedicareRx Saver Plus in 2014 is $23.10.
Call Senior Healthcare Direct today to review all of the 2014 Medicare Part D Plans: 1-855-368-4717 OR Go to: https://www.seniorhealthcaredirect.com/quoting-engine-2/
Explanation of AARP MedicareRx Tiers
AARP MedicareRx Plans, insured through UnitedHealthcare, are Medicare Part D Plans with five different coverage levels or tiers of copayments/coinsurance for prescription drugs. The amount paid for each prescription depends on the tier assigned to the prescription drug.
Tier 1: Preferred Generic – Lowest Copayment – Lower-cost, commonly used generic drugs.
Tier 2: Non-Preferred Generic – Low Copayment – Most generic drugs.
Tier 3: Preferred Brand – Medium Copayment – Many common brand-name drugs, called preferred brands, and some higher-cost generic drugs.
Tier 4: Non-Preferred Brand – Highest Copayment – Non-preferred generic and non-preferred brand name drugs.
Tier 5: Specialty Tier: Coinsurance – Unique and/or very high-cost drugs.
Brand name – A prescription drug that is manufactured and sold by the pharmaceutical company that originally researched and developed the drug. Brand-name drugs have the same active-ingredient formula as the generic version of the drug. However, generic drugs are manufactured and sold by other drug manufacturers and generally not available until after the patent on the brand-name drug has expired.
Generic – Generic drugs are medications that usually cost less and are sold under a generic name for the brand-name drug (usually its chemical name). Because generic drugs are less expensive than their brand-name equivalent, the copayment usually is less as well. Generic drugs are approved by the U.S. Food and Drug Administration (FDA).
Specialty Drugs – Generic and Brand drugs designed to treat special types of medical conditions.
Coverage Gap – A name for the step in a Medicare Prescription Drug Plan in which the member would usually pay more of their expenses for eligible drugs including the discounted cost of their medications. In 2014, the coverage gap begins after the member and the plan together have spent $2,850 in total yearly drug costs. From this point, the member will pay no more than 72% of the total cost for generic drugs or 47.5% of the total cost) for brand-name drugs until they reach $4,550 in yearly True Out-of-Pocket (TrOOP) drug costs. Once the member reaches $4,550 in TrOOP costs, they will enter the catastrophic coverage phase, during which the plan pays nearly all of the member’s drug expenses until the end of the year, with no upper limit.
If the member has both Medicare and Medicaid coverage, they will not experience a gap in coverage even if their benefit plan does have a Coverage Gap.
Call Senior Healthcare Direct today to review all of the 2014 Medicare Part D Plans: 1-855-368-4717 OR Go to: http://SrHealthcareDirect.com/quoting-engine-2/
Robert W. Bache aka “MedicareBob™”
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