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Q1Group 2019 Drug Plan Analysis: Examples of how 2019 Medicare Part D plans can change prescription cost-sharing designs

Category: Annual Medicare plan changes
Published: Oct, 19 2018 08:10:09


As in past years, some 2018 Medicare Part D plans are changing their cost-sharing designs for 2019 prescription drug purchases.  For example, the Cigna-HealthSpring Rx Secure-Extra (PDP) will add an additional drug tier to its formulary and the EnvisionRxPlus (PDP) plan in California will change their Tier 3 drugs from a copay of $29 to co-insurance of 15% in 2019.

In the following example, the 2018 Cigna-HealthSpring Rx Secure-Extra plan formulary had five (5) drug tiers.  In comparison, the 2019 Cigna-HealthSpring Rx Secure-Extra plan formulary has added a new 6th drug tier for Select Care Drugs--with a $6 copay.

Florida Cigna-HealthSpring Rx Secure-Extra
2018 and 2019 Medicare Part D plan Cost-sharing Comparison
  2018 2019
Monthly Premium $56.70 $61.00
Initial Deductible $0 $100 (tier 1, 2, 3 and 6 excluded)
Gap Coverage No Gap Coverage Some Gap Coverage


Tier

2018
Cost-Sharing
Drugs
on Tier


Tier

2019
Cost-Sharing
Drugs
on Tier
1 Preferred Generic $4 242 1 Preferred Generic $4 205
2 Generic $10
1,223 2 Generic $10 841
3 Preferred Brand $42 582 3 Preferred Brand $42 391
4 Non-Preferred Drug 50% 982 4 Non-Preferred Drug 50% 1,359
5 Specialty Tier 33% 635 5 Specialty Tier 31% 498
-- -- -- -- 6 Select Care Drugs $6 23
Total Formulary Drugs
Browse 2018 Formulary 3,664   Browse 2019
Formulary
3,317


In the next example, the 2018 California EnvisionRxPlus plan formulary covers 471 medications as Tier Three "Preferred Brand" medications (with a 15% co-insurance).  In comparison, the 2019 EnvisionRxPlus plan formulary covers 470 medications as Tier Three "Preferred Brand" with a $29 copay.

California EnvisionRxPlus
2018 and 2019 Medicare Part D plan Cost-sharing Comparison
  2018 2019
Monthly Premium $50.00 $12.90
Initial Deductible $405 $315
Gap Coverage No Gap Coverage No Gap Coverage


Tier

2018
Cost-Sharing
Drugs
on Tier


Tier

2019
Cost-Sharing
Drugs
on Tier
1 Preferred Generic $1 139 1 Preferred Generic $1 142
2 Generic $3 577 2 Generic $6 631
3 Preferred Brand 15% 471 3 Preferred Brand $29 470
4 Non-Preferred Drug 35% 1,460 4 Non-Preferred Drug 37%
1,247
5 Specialty Tier 25% 585 5 Specialty Tier 26% 473
Total Formulary Drugs
Browse 2018 Formulary 3,015   Browse 2019
Formulary
2,963

There are approximately 7,640 members in the 2018 EnvisionRxPlus plan who will see this change. The 25,021 members of the AR Blue Cross - Medi-Pak Rx Basic (PDP) will see their cost-sharing Tier 4 Brands change to a 45% co-insurance.

In total, 32,661 members of various stand-alone Medicare Part D plans will see one or more of the drug tiers change cost-sharing from either coinsurance to copay or copay to coinsurance.

To compare annual changes in Medicare plans, our PDP-Compare and MA-Compare tools show the 2018 stand-alone Medicare Part D prescription drug plans (PDPs) and Medicare Advantage plans (MAs or MAPDs) across the country and include changes in plan features such as premium, deductible, cost-sharing and formulary size changes. Our compare tools also highlight plans that will be merged or discontinued and new plans being added in 2019.

Not sure where to begin with choosing your Medicare Part D plan?
Medicare beneficiaries can telephone Medicare at 1-800-633-4227, speak with a Medicare representative, and learn more about their 2019 Medicare Part D or Medicare Advantage plan options.







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