|Medicare Prescription Drug Plan Benefit Details in Plain Text|
|The following Medicare Prescription Drug plan (PDP) benefits apply to the United American - Preferred (PDP) (S5755 - 008) in CMS Region 5, which includes all counties in DC DE MD.|
This plan is administered by UNITED AMERICAN INSURANCE COMPANY, a national plan provider. This means that the insurance carrier offers Medicare Part D plan in most every state. To switch to a different Medicare Prescription Drug plan or to change your location, click here.
Click here to see the United American - Preferred (PDP) prescription drug benefit details in chart format
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|The United American - Preferred (PDP) has a monthly premium of $43.00. That is $516.00 for 12 months. There are a few factors that can increase or decrease this premium. If you qualify for full or partial extra help, your premium will be lower. If you have a premium penalty, your premium will be higher. Or if you have a higher income you would be subject to the Income Related Adjustment Amount (IRMAA).|
|Plan Membership and Plan Ratings|
|The United American - Preferred (PDP) (S5755 - 008) in CMS Region 5 currently has 5,659 members, and 93,053 members in the United American - Preferred (PDP) nationwide.|
|The Centers for Medicare and Medicaid Services (CMS) has given this plan carrier a summary rating of 2.5 stars. The detail CMS plan carrier ratings are as follows:|
|Prescription Drug Coverage: Deductible, Cost-sharing, Formulary|
|This plan has a $120 deductible. So, you are 100% responsible for the first $120 in medication costs. After you have met the deductible, the United American - Preferred (PDP) will share the costs of your medications with you (see cost-sharing below). The maximum deductible for 2012 is $320, but this plan (United American - Preferred (PDP)) has a $120. There are other plans with a lower deductible or even a $0 deductible for all formulary drugs. Click here to review plans with a $0 deductible.|
|The following information is about the United American - Preferred (PDP) formulary (or drug list). There are 3499 drugs on the United American - Preferred (PDP) formulary. the United American - Preferred (PDP) does offer a mail order service. Click here to browse the United American - Preferred (PDP) Formulary.|
|The Initial Coverage Phase (ICP) can be thought of as the cost-sharing phase of the plan. During this phase, you and the insurance company share your prescription costs. Once you have spent $120, your initial coverage phase will start. All medication are divided into tiers within the plans formulary. This helps the plan to organize and manage the prescription cost-sharing. The United American - Preferred (PDP)’s formulary is divided into 5 tiers. Every plan can name their tiers differently, and can place medications on any tier. The cost-sharing for this plan is divided as follows: |
The United American - Preferred (PDP)’s Initial Coverage Limit is $2,930. When this limit is reached, you exit the Initial Coverage Phase and enter the Coverage Gap (or Donut Hole).
|The Coverage Gap, which is also known as the Donut (Doughnut) Hole is the phase of your Medicare Part D plan where
you are responsible for 100% of your medication costs. Healthcare Reform mandates that the insurance carrier pay 14% of your generic drug prescription costs in the donut hole on your behalf. |
The brand-name drug manufacturer will pay 50% and your plan will pay an additional 0% of the cost of your brand-name drugs purchased in the Donut Hole, for a total of 50% discount. The 50% paid by the brand-name drug manufacturer is paid on your behalf and therefore counts toward your TrOOP (or True Out-of-Pocket) costs. The portion paid by your plan, does not count toward TrOOP. Some Medicare Part D plans offer coverage during the Coverage Gap that is beyond the mandated discounts. Any drug not covered by the plan’s Gap Coverage will still receive the discounts noted above -- even if the plan has "No Gap Coverage". This plan (United American - Preferred (PDP)) offers No Coverage during the Coverage Gap phase.
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