Medicare prescription drug plan changes in 2021 are noteworthy. Also, by knowing what to expect, you can stay ahead of the game.
Drugs can be costly, and new brand-name drugs can be the most expensive. With age, you’re more likely to require medications.
Medicare’s standalone Part D plan can cover you. Part D plans have a monthly premium that insurance companies determine.
There may be several plans as well as companies to choose from in your state. Policies vary by county, so moving may warrant a plan change.
What are the Top 5 Rated Medicare Prescription Drug Plans for 2021
- Mutual of Omaha
The highest rating a plan can have is 5-star. Just because a policy is 5-star in your area doesn’t mean it’s the top-rated plan in the country.
There is no nationwide plan that has a 5-star rating. The best option for you could be the most expensive for your spouse.
A suitable policy is the most affordable one for YOU. Spending time making sure your plan is the best value is a serious recommendation.
With the rising cost of prescriptions, it’s more important now than ever before to make sure that you find the best policy.
Some plans give you extra benefits when you reach the “donut hole,” while others don’t.
Plans often have a network of pharmacies. But, mail-order drugs could be the savings you’re looking for when it comes to getting your pills.
Also, you may find extra savings with a Medicare Part D discount card. Your monthly costs depend on your state and the plan you select.
Best Rated Medicare Part D Plans
SilverScript Medicare Prescription Drug Plans
There are three different plans available with SilverScript. The Choice, the Plus plan, and the SmartRx plan.
All policies are a great option, depending on the medications you take, one could be more beneficial to you than the other.
For example, someone with a few generics would find the Plus plan to be more insurance than necessary.
On the contrary, a person with many brand name drugs could find the Plus plan is more suitable than the Choice policy.
SilverScript Network Pharmacies
The preferred pharmacies with SiverScript vary depending on which policy you have. For those with the Choice plan, there are fewer options.
For example, the Choice plan preferred pharmacies are CVS, Walmart, and thousands of community-based independent drug stores.
Then, the Plus plan includes CVS, Walmart, Publix, Kroger, Albertsons, as well as many grocery stores and retailers.
CVS Caremark Mail Order pharmacy is an option with your plan, so if you want to skip driving to the pharmacy, you can!
Both plans offer $0 copays for preferred generics at preferred pharmacies during the initial coverage phase.
SilverScript is one of the largest Part D insurers. They have 24/7 customer service, online tools, and medication programs to keep you on track.
The only downside I can think of, they only offer two plans. Many of the other top companies have at least three options.
Humana Medicare Part D Plans
- Walmart Value Rx Plan
- Basic Rx Plan
- Premier Rx Plan
Although it depends on your collection of medications, some people with Brand name medications could find the Humana Walmart plan is still the most suitable.
But, if you take a plethora of brand name prescriptions, the Premier Plan is likely more suitable.
Humana Network Pharmacies
The Humana Walmart plan preferred pharmacy isn’t hard to remember; Walmart, Neighborhood Walmart, and Sam’s Club.
Humana Pharmacy is a mail-order program that saves you time and money.
Humana Part D Reviews
Many generics with Humana have a $0 deductible. Further, they have a variety of plan options, something for everyone.
The high deductible on brand name medications isn’t that great, and you have to go to Walmart to get the best savings.
Overall? If Humana can save you the most money during 2021, we suggest giving them a chance.
Cigna-HealthSpring Medicare Prescription Drug Plans
Like most of the big companies, Cigna offers three PDP options to beneficiaries.
Plans available through Cigna:
- Cigna Health-Spring Rx Secure
The “Essential” policy is the lowest premium option, and the “Extra” has a higher premium than the other two. Like all insurance, the best plan for your neighbor might not be the most suitable for you.
To find the most suitable coverage, comparing all available options is necessary. Those with multiple brand name medications, needing gap coverage, could benefit from a Cigna-HealthSprings Secure-Extra policy.
Cigna Part D Preferred Pharmacies
As far as in-network, Cigna has contracts with over 63,000 pharmacies nationwide. Preferred pharmacies include Kroger, Rite Aid, Walmart, Sam’s Club, Walgreens, and MANY more.
For the most savings, consider enrolling in their mail-order pharmacy program.
Cigna Part D Reviews
The Cigna pharmacy network is a big pro. There are several plan options, and thousands of drugs have coverage.
Considering that the other companies offer $0 copays in Tier 1, there is still room for Cigna to improve.
But, Cigna has been around quite some time; if they have the lowest annual cost for you, it’s worth the enrollment.
Mutual of Omaha Medicare Part D Plans
Mutual of Omaha offers two plans, including the MOO Rx Value PDP and the MOO Rx Plus PDP.
The Value policy has no deductible on the first two tiers at preferred pharmacies. But, the Value plan has a $445 deductible on all other tiers.
The Plus Plan has a deductible of $445 that applies to all tiers. However, the Plus plan has a broader range of drugs that have coverage.
Mutual of Omaha Network Pharmacies
The Value plan allows you to get your tier 1 generics for $0 through mail order or a preferred pharmacy.
Further, MOO includes an extensive pharmacy network like CVS, Walmart, and various local shops.
Mutual of Omaha Part D Reviews
Mutual of Omaha has been in the Supplement industry since Medicare began. Those looking for a reliable company could find benefits here.
While they’re new to the Part D sector, we don’t doubt the quality of coverage. The top-rated insurance carrier helps many people each day, by incorporating Part D into their business plan, they’re able to assist even more.
UnitedHealthcare Medicare Part D Plans
The three options available with UnitedHealthcare include the Walgreens plan, Preferred, and Saver Plus plans. Those looking for a lower premium option with UHC need to look into the Walgreens policy.
But, those that have an extensive list of medications should consider a more comprehensive policy like the Saver Plus.
United Healthcare Preferred Pharmacy
The Walgreens policy is the pharmacy that is the most cost-efficient. But, mail-order is generally the best pharmacy to use if you’re trying to save the most money.
With the Saver Plus, you can go to Publix, Walmart, or Walgreens. There are network pharmacies that offer you coverage, just at a slightly higher price.
UnitedHealthcare Part D Reviews
UnitedHealthcare has a wide range of insurance products, and they’ve been around for a long time. The company does more than Medicare.
You may have UHC through an employer, if not now, maybe at some point. They offer plans throughout the nation, which makes it easy for anyone to sign up with them.
The cost of their plans is generally a bit higher than most others. But, if you have specific drugs that only they cover, this plan could be your best option.
Medicare Part D Star Rating Factors
Plans Customer Service
Quality customer service is essential, especially when something goes wrong. You want a company that is going to help you through any issues.
When there is an issue, you don’t want the policy that has you on hold for days. You want a company that’s going to be there for you.
Customer service is essential to us; we choose to represent companies that treat clients with excellent customer service.
Further, we have our own client care team that can help you anytime there is an issue with your policy.
Medicare cares about the experience beneficiaries have with the plan. When lots of members rate high satisfaction, the rating reflects that.
Those that file a complaint could impact the ratings of that plan. Further, rating factors include the amount of improvement a plan makes.
Accuracy of Drug Pricing and Drug Safety
Plans that have accurate price information are more likely to have higher ratings. Further, Medicare monitors plans for drug safety.
For example, most people with diabetes should be taking cholesterol medication.
How to Find Prescription Drug Plans for Seniors on Medicare
There are many choices when it comes to Medicare prescription drug plans in 2021. And, if you're eligible for Medicare, you're eligible for Part D.
You should always consult with an agent to ensure your drugs have coverage on the Part D formulary. Besides, you don't want to accidentally enroll in Medigap Plan D thinking you have Part D coverage!
Our agents can walk you through a needs analysis to help you identify the best options in your service area. Once you can confidently select your policy, they can guide you through the application and enrollment process.
If you would like to compare rates in your area, give us a call at the number above. Is calling right now not an option? Fill out our online rate comparison form and start saving money!