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Humana Part D Insurance Plans

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Humana Part D Plans: A Comprehensive Guide

Original Medicare (Parts A and B) doesn’t cover most prescription medication. That’s where Medicare Part D plans come in. With a Medicare Part D plan, also called a prescription drug plan (PDP), you can reduce the financial burden of paying for prescription drugs out-of-pocket and protect yourself from high drug costs.

While several private insurers offer Medicare Part D plans, Humana provides some of the best ones. Here, we’ll explore the various Humana Part D plans to help you select a suitable one depending on your needs, budget, and preferences.

Humana Medicare Part D Plans

There are three types of Humana Medicare Part D plans, catering to diverse needs, budget, and lifestyle considerations:

  • Humana Basic Rx Plan
  • Humana Walmart Value Rx Plan
  • Humana Premier Rx Plan

Humana Basic Rx Plan

The Humana Basic Rx Plan is Humana’s most affordable Part D plan. It’s ideal for individuals who qualify for Medicare Extra Help, which may significantly lower the cost of prescription meds.

While the Humana Basic Rx plan offers basic coverage, it can allow you to skip pharmacy lines thanks to its convenient mail-order service.

Pros

  • Most affordable Humana PDP
  • Basic coverage for essential drugs
  • Preferred mail-order cost-sharing pharmacy benefits

 

Cons

  • Limited coverage compared to other Humana plans
  • Potentially higher costs for Tier 3 and above drugs
  • Humana Walmart Value Rx Plan

    The Humana Walmart Value Rx Plan is ideal if you regularly shop at Walmart and other select pharmacies and want a PDP with an affordable premium and low copayments.
    Pros
    $0 copays for a one-month supply of Tier 1 drugs at select cost-sharing pharmacies like Walmart, Walmart Neighborhood Market, Costco, and more
    $1 copays for a one-month supply of Tier 1 drugs at select cost-sharing pharmacies
    Extra gap coverage for Tier 1 and 2 drugs
    Coverage for over 3,600 prescription drugs
    Cons
    Higher copayments for high-cost prescription drugs

  • Humana Premier Rx Plan

    The Human Premier Rx Plan is Humana’s most comprehensive Medicare Part D plan. The plan is ideal for individuals who require broad prescription drug coverage and frequently use Tier 3 and above medications.
    Pros
    Widest pharmacy coverage compared to other Humana Part D plans
    $0 copayments for three-month supplies of Tier 1 and 2 drugs at Centerwell Pharmacy (Humana’s mail-order pharmacy)
    $0 copayments for Tier 6 Medicare drugs at select pharmacies
    Coverage for over 3,600 prescription drugs
    Cons
    Highest monthly premium

  • Which Humana Medicare Part D Plan Is Right for You?

    There’s no Humana Part D insurance plan that’s perfect, as health needs vary from person to person. While the Humana Basic Rx plan may be suitable for basic coverage, the Humana Premier Rx Plan may be a better option if you need broad coverage.
    So, when choosing a Humana Plan, it’s essential to consider the following factors:
    Your medications: Consider your drug frequency intake and the tier your drugs are on
    Your pharmacy preferences: Consider whether you prefer retail outlets, mail-orders, or particular chains
    Your budget: Consider how much you can afford for monthly premiums and copayments
    Ready to enroll in a Humana Part D Insurance plan? Contact us today, and one of our Medicare experts will gladly help you select an appropriate plan fit for your circumstances.