Drug Supply - Prescription Drug Plans

Recently we had a client call us to let us know that the co-pay originally quoted with the Humana Part D plan was twice as high as originally projected. A little surprised and hoping we did not mess up when researching the drug supply, I asked him for the name of the prescription and the drug dosage.

Drug Supply Example

After looking the prescription up on the Humana Insurance and Medicare websites I noticed that the drug supply was accurate with what I originally told our client the co-pay would be (20% of the drug cost with a cost of $290 at his pharmacy). After he read me his drug information I started realizing what the problem was. The prescription was a 43 day supply - which meant the pharmacy was charging him in a 2 month supply.

All of a student his $290 (retail cost) drug with a 20% co-pay was being doubled because it was equivalent to getting a 60 day supply. We still needed to call the insurance company to verify this information, but this taught all of us an important lesson.

1. The first recommendation is review your Prescription Drug Plan every year. These plans change and a good analysis is very important.
2. The next thing is to make sure you get the full 30 day supply or 90 day supply. Do not get a 35 day supply or you will be charged for a 60 day supply and this will cause you to be closer to the donut hole.
3. Contact Medicare Insurance Finders for a free analysis of your Part D plan. We give this review every year during the Annual Election Period to our Medicare Supplement clients.

Medicare Insurance Finders is based out of Jackson, MS but services the entire United States. We have policy holders in just about every state and represent over 25 insurance companies to help you find the right plan. Give us a call at 1-877-759-5760.