10 Things You Need to Know About Humana Part D Coverage

Are you considering enrolling in a Humana Part D prescription drug plan? Here are 10 important things you need to know before making your decision:

1. Coverage Options: Humana offers several Part D plan options to choose from, each with varying coverage levels and costs. Be sure to carefully review each plan to determine which one best meets your needs.

2. Drug Formulary: Humana Part D plans have a list of covered prescription drugs, known as a formulary. It's essential to check if your medications are included in the formulary before enrolling in a plan.

3. Preferred Pharmacies: Humana Part D plans often have preferred pharmacy networks where you can get your prescriptions filled at a lower cost. Make sure to confirm which pharmacies are in-network to maximize your savings.

4. Premiums and Deductibles: Humana Part D plans have monthly premiums and annual deductibles that vary by plan. Consider how these costs fit into your budget when selecting a plan.

5. Coverage Gap: Like other Part D plans, Humana has a coverage gap, also known as the 'donut hole.' During this phase, you may have to pay a higher percentage of your drug costs until reaching catastrophic coverage.

6. Extra Help: If you have limited income and resources, you may qualify for Extra Help to reduce your prescription drug costs. Check if you're eligible for this assistance when enrolling in a Humana Part D plan.

7. Generic Drugs: Utilizing generic drugs whenever possible can help lower your out-of-pocket costs. Humana Part D plans typically offer savings on generic medications, so consider this when discussing your drug options with your healthcare provider.

8. Mail Order Pharmacy: Some Humana Part D plans offer the convenience of mail-order pharmacy services, allowing you to receive a 90-day supply of your medications delivered to your doorstep. This can be a cost-effective and time-saving option for maintenance medications.

9. Prior Authorization: Certain medications may require prior authorization before being covered by your Humana Part D plan. Be prepared to work with your healthcare provider to provide the necessary information for approval.

10. Review Annually: Your healthcare needs and prescription drug usage can change over time. It's important to review your Humana Part D coverage annually during the Medicare Open Enrollment Period to ensure you're still enrolled in the best plan for your situation.