What is a Tier 2 prescription drug?
Tier 2 – Preferred Brand: Tier 2 includes brand-name drugs that don’t yet have a generic option. These brand-name drugs are more expensive than generics, so you’ll pay a higher copayment for them.
What is Humana PDP?
Humana Basic Rx Plan (PDP) is a stand-alone prescription drug plan with a Medicare contract. Enrollment in this Humana plan depends on contract renewal. The benefit information provided is a summary of what we cover and what you pay. It doesn’t list every service that we cover or list every limitation or exclusion.
How much does a Tier 2 drug cost?
Your drug copays/coinsurance
|Tier 1 Preferred generic||Tier 2 Generic||Tier 5 Specialty|
|$2 (preferred retail) $7 (standard retail) $0 (90-day mail order)||$10 (preferred retail) $15 (standard retail) $0 (90-day mail order)||31% coinsurance|
What does in network Tier 2 mean?
With a tiered network, your out-of-pocket costs are determined by which tier your doctor is in. Tier 2 provides you the option to choose a provider from the larger network of contracted PPO providers, but you may pay more out-of-pocket costs.
What is the relationship between Humana and Walmart?
Humana is already a key player in the Medicare Advantage market. They are launching a new brand called “Conviva” in its health clinics and related doctor practices in south Florida and Texas, states with a large number of senior citizens. So together, Walmart and Humana stand to rule the future healthcare world.
What is the difference between Tier 2 and Tier 3 drugs?
4-tier plan: Level or Tier 1: Low-cost generic and brand-name drugs. Level or Tier 2: Higher-cost generic and brand-name drugs. Level or Tier 3: High-cost, mostly brand-name drugs that may have generic or brand-name alternatives in Levels 1 or 2. Level or Tier 4: Highest-cost, mostly brand-name drugs.