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Why You Should Have Humana Medicare Part D Plans

There are brands that do stick out. Humana Medicare Part D plans are one of them. Just what makes them so different? Taken as a group, you can say that you always have a choice with Humana. It has three stand-alone Part D prescription drug plans (PDP), which you can supplement to your original Medicare plan or Medicare Supplements.

The PDP plans are: (a) Humana PDP Standard, which offers the minimum Part D coverage, (b) Humana PDP Enhanced, which has co-payments and no deductibles to pay, (c) Humana PDP Complete, which extensively covers generic drugs with no deductibles and low co-payments.

It is no surprising that ARP should involve itself in selling insurance. The group did influence congress in passing the Medicare Prescription Drug, Improvement, and Modernization Act, which created Medicare Part D. ARP is set to become the largest provider of health insurance products for Medicare recipients. In 2008, it’s set to offer new products including HMO for recipients of Medicare (partnered with United Health Group), PPO, and a hybrid insurance product and health savings account for people who are 50 and over (partnered with Aetna). With the increase in health insurance products, ARP’s customer base is expected to increase to 14 million in 2014.

Humana

This summary state can be viewed online on your personal Humana page. Your personal home page also comes with an Rx calculator to help estimate drug costs.

However, since calculating the actuarial value is expensive and time-consuming, the Centers for Medicare and Medicaid Services (CMS) has an alternative way of determining if an existing healthcare coverage is creditable under a Part D plan. To be determined as creditable, a drug coverage plan must meet these requirements: Covers generic prescription drugs and brand name prescription, Gives recipients reasonable access to drug retailers and optionally provide mail order coverage, Pays at least 60% of the beneficiaries’ expenses for prescription drugs, and At least satisfies one of the following:

Humana’s Medicare-approved Part D plans covers ALL of the drugs that are commonly prescribed for senior citizens. Plus, the benefits also equal to and sometimes better than Medicare’s minimum benefits. You cannot go wrong with Humana because you can buy drugs from over 54,000 locations, including Sam’s Club, Wal-Mart, Rite-Aid, CVS, Brooks, Albertson’s, and Eckerd.

The Importance Of Disclosure Notice
Why should employers bother with Disclosure Notices? Aside from the fact that it is required by the CMS, it will also benefit the Medicare recipients.

Eligible person who do not enroll in a Part D plan within the initial enrollment period will pay a penalty unless they prove that they had creditable coverage for at least 63 days after the enrollment period.

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