Learn about Medicare Part D plans

How does Obamacare affects Medicare Part D?

How does Obamacare affect Medicare Part D?

In this MedicareBob video, Robert Bache answers the question, “How does Obamacare affect Medicare Part D?” The answer focuses on people with Medicare Part D plans. Watch this video and discover how Obamacare is reducing the Donut Hole.

Medicare Part D Donut Hole

This video explains 2013 cost reductions in the donut hole. Robert Bache reference the year 2020 and that you will not have to pay more than 25% for brand-name medications in the Donut Hole. Furthermore, the copayment in the Donut Hole is also 25% for generic drugs in 2020. You can get more info on Donut Hole 2020 coverage gap.

Best Medicare Part D Plan

How do you get the best Medicare Part D plan?

In this MedicareBob video, Robert Bache tells you how to get the best Medicare Part D plan. In this video, Robert tells you to use the MyMedicare.gov website to enter you zip code and your medications. Then you pick your pharmacy and Medicare will list drug plans in the most cost-effective order for you.

However, you will need to login to Medicare using your username and password. If this is a problem, you can fill out our Drug Plan Finder form without logging in at a website.

2014 Medicare Part D Plans

Discover two new 2014 Medicare Part D Plans that can save you money on prescription drugs. First, you will learn about the First Health Part D plan changes in 2014. Then you will discover two new Medicare Part D plans.

First Health Part D Medicare Value Plus Plan

If you actively shop your Medicare Part D Plan each year and take mostly generic medications, there is a good chance that for 2013 you chose the First Health Part D Medicare Value Plus Plan. As a result, you may have recently received a notice from First Health Part D that your premium is increasing. Consequently, you will discover two new Medicare Part D Plans for 2014, as follows:

2014 Humana Walmart Rx PDP Plan

Most of us have known about this Plan for a few years. Even though it has always had a lower monthly premium, it often had a big deductible. Accordingly, this deductible did not make a lot of sense for a person who takes all generic medications because this person would never meet the deductible.

However, the Humana Walmart Rx Plan is better in 2014 because the deductible is now a “Tier Deductible.” For example, at Walmart/Sam’s Club, you will receive Tier 1 medications for $1 and Tire 2 drugs for $4. 

Alternatively, you can get prescriptions through mail order instead of Walmart/Sam’s Club. For example, with Humana’s “Right Source” mail order service, you will receive Tier 1 and 2 medications for Free!

2014 WellCare Classic PDP Plan

This Plan is more similar to the 2013 First Health Part D Plan. It has $0.00 deductible and $0 copay for Tier 1 medications. Moreover, the premium is friendly, with the 2014 average monthly premium at $23.00.

It is always a “bummer” to get notified of a price increase. However, you can call Senior Healthcare Direct at 1-855-368-4717, and we can help you shop and compare all available 2014 Medicare Part D Plans.

Who is MedicareBob?

MedicareBob is Robert Bache. If you Google “MedicareBob,” you will see

I have been in the news and awarded for helping Medicare Beneficiaries just like you. Robert Bache owns Senior Healthcare Direct. Call MedicareBob’s office at 1-855-368-4717 and put our experienced and licensed agents to work for you.

You can get more information about Medicare Part D.

2014 Humana Walmart Medicare Part D Plan

2014 Humana Walmart Medicare Part D Plan

The 2014 Humana Walmart Medicare Part D Plan premium is available nationwide with copays as low as $1 even before you meet the $310 deductible. Furthermore, this Part D Plan has the following highlights:

        • The national average monthly premium for is 2014 is $12.60.
        • Tier 1 Retail Copays as low as $1.00 and Mail Copays as low as $0.00.
        • Offered  in all 50 states.
        • ***Tiered $310 annual deductible, does not always apply, see below:

***This is really really cool, the 2014 Humana Walmart Rx Plan is now offering a “Tiered Deductible”.  When you use Walmart’s Pharmacy, the $310.00 deductible does not apply for Tier 1 and Tier 2 medications. At Walmart, the Tier 1 medications are only $1.00 and the Tier 2 are only $4.00.

Even better, if you use Humana’s Mail Order Provider, “Right Source”, the Tier 1 and Tier 2 medications are FREE!!! Again, the deductible does not apply.

Please call Senior Healthcare Direct to shop all your 2014 Medicare Part D options.

Robert Bache aka “MedicareBob™”
President / Producer
Senior Healthcare Direct
Company Toll Free: 1-855-368-4717

Discover another new 2014 Medicare Part D Plan.

2014 AARP Medicare Part D Plans Insurance by United Healthcare:

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™”
President / Producer
Senior Healthcare Direct
Direct Toll Free: 1-800-525-0299
Company Toll Free: 1-855-368-4717
www.SrHealthcareDirect.com
www.MedicareBob™.com
Learn more about Robert aka “MedicareBob™”

http://SrHealthcareDirect.com/medicarebob/

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Coventry Medicare Part D Plan

Coventry’s Medicare Part D Plan

Coventry has a Medicare Part D Plan that I just seem to keep recommending, “First Health Part D“. I enrolled 150 Medicare Beneficiaries last month into a Medicare Supplement Plan, and for 70% of those Medicare Beneficiaries, the “First Health Part D Plan” reported back as the most cost-effective drug plan for them.

MedicareBob™’s Summary of Coventry’s, First Health Part D Plan:

•Monthly Premium: Ranges from $22.50 to $36.00 nationwide
•No deductible
•No copay (you pay nothing) for most generic medications as long as you go to a preferred pharmacy partner. (Walgreen, Target, Wal-Mart, etc…)
If you have any Medicare related questions or concerns, please contact me:

Coventry Medicare Part D Plan

Robert Bache aka MedicareBob™
Owner / Producer

Obamacare Changes Medicare Part D

Obamacare Changes Medicare Part D:

Medicare Beneficiaries that have high drug costs now, are very familiar with what is referred to as the “The Donut Hole”.

Coverage Gap or “Donut Hole”: Once a Medicare Beneficiary and the Part D Plan have spent $2,970 on prescription medications, the Beneficiary’s cost increase.  Obamacare is requiring Medciare Part D Plans to pay more during the “Donut Hole”.

Obamacare has already started to increase what each Medicare Part D Plan is required to pay when the Medicare Beneficiary reaches the “Donut Hole”.

Below is a chart that shows Obamacare Changes Medicare Part D. You can see what has happened and what is expected to happen through 2020. As you will see, in 2020, the Medicare Part D Plan will pay 75% of each brand name medication, and the Beneficiary will be required to pay only 25%.

The table below shows the percentage of what a Medicare Beneficiary is and will pay through Medicare Part D due to Obamacare.

YEAR

Brand

Generic

2012

50%

86%

2013

47.5%

79%

2014

47.5%

72%

2015

45%

65%

2016

45%

58%

2017

40%

51%

2018

35%

44%

2019

30%

37%

2020

25%

25%

Example:  For a brand name medication that costs the $200.00.

PAST 2012: Once the Medicare Beneficiary entered the “Donut Hole”, the person had to pay $100.00 for a 30 day supply.

PRESENT 2013: This year when the Medicare Beneficiary enters the “Donut Hole”, they pay$95.00 for a 30 day supply.

FUTURE 2020: When a Medicare Beneficiary enters the “Donut Hole”, the cost will only be $50.00 for a 30 day supply.

Posted by Robert Bache aka MedicareBob™ 05/14/2013.

Read about Medicare Donut Hole in 2020.

Obamacare Changes Medicare Part D

Obamacare Changes Medicare Part D:

Medicare Beneficiaries that have high drug costs now, are very familiar with what is referred to as the “The Donut Hole”.

Coverage Gap or “Donut Hole”: Once a Medicare Beneficiary and the Part D Plan have spent $2,970 on prescription medications, the Beneficiary’s cost increase.  Obamacare is requiring Medciare Part D Plans to pay more during the “Donut Hole”.

Obamacare has already started to increase what each Medicare Part D Plan is required to pay when the Medicare Beneficiary reaches the “Donut Hole”.

Below is a chart of what has happened and what is expected to happen through 2020. As you will see, in 2020, the Medicare Part D Plan will pay 75% of each brand name medication, and the Beneficiary will be required to pay only 25%.

The table below shows the percentage of what a Medicare Beneficiary is and will pay through Medicare Part D due to Obamacare.

YEAR

Brand

Generic

2012

50%

86%

2013

47.5%

79%

2014

47.5%

72%

2015

45%

65%

2016

45%

58%

2017

40%

51%

2018

35%

44%

2019

30%

37%

2020

25%

25%

Example:  For a brand name medication that costs the $200.00.

PAST 2012: Once the Medicare Beneficiary entered the “Donut Hole”, the person had to pay $100.00 for a 30 day supply.

PRESENT 2013: This year when the Medicare Beneficiary enters the “Donut Hole”, they pay$95.00 for a 30 day supply.

FUTURE 2020: When a Medicare Beneficiary enters the “Donut Hole”, the cost will only be $50.00 for a 30 day supply.

Posted by Robert Bache aka MedicareBob™ 05/14/2013.