Humana Walmart-Preferred Rx Plan (PDP) Provides Affordable Prescriptions to Seniors and Other Medica
Humana Walmart-Preferred Rx Plan (PDP) Provides Affordable Prescriptions to Seniors and Other Medicare Beneficiaries
Plan offers low monthly premium and prescription copayments as low as $1
LOUISVILLE, Ky. & BENTONVILLE, Ark.--(BUSINESS WIRE)-- Annual enrollment begins today for 2013 Medicare plans and Humana Inc. (NYS: HUM) and Walmart (NYS: WMT) will once again help beneficiaries afford their prescriptions. The Humana Walmart-Preferred Rx Plan, which has grown by more than 50 percent over the past year and has nearly 1.5 million Medicare beneficiaries currently enrolled, features:
- One low monthly plan premium of $18.50 a month for beneficiaries in all 50 states and Washington, D.C., regardless of where they live.
- In-store copayments as low as $1 for generic medications after deductible when plan members fill their prescriptions at the more than 4,400 Walmart, Sam's Club or Neighborhood Market pharmacies.
- Mail order copayments, via Humana's RightSource Rx Pharmacy, as low as $0.
- A broad prescription offering with more than 1,500 generic medications. A list of prescription drugs covered by the plan is available at humana-medicare.com.
"Walmart has helped nearly one and a half million seniors and other Medicare beneficiaries save money on their medications so they can ultimately live healthier lives," said John Agwunobi, M.D., president of Walmart's Health and Wellness Division. "We pioneered a low-cost, national Medicare Part D program with Humana two years ago, which continues to offer one of the lowest premiums available. This year, we have joined additional plans as a preferred pharmacy as well, allowing us to provide our affordable prescription services to more seniors than ever before."
"As one of the leading health benefits and Medicare companies, Humana is helping Americans navigate the changing landscape of health care," said William Fleming, Pharm. D., president of Humana Pharmacy Solutions. "By working with Walmart - a leader in cost savings - we're enabling seniors and people with disabilities to better afford their medications."
Medicare Part D is the prescription drug program supported by the federal government. According to the Kaiser Family Foundation,nearly 20 million people are currently enrolled in a stand-alone Part D plan. Based on 2010 Census data,there are 40.2 million people 65 years and older, representing 13 percent of the total U.S. population.
"With so many options based on where you live and what prescriptions you need, selecting a Medicare Part D plan can be overwhelming," said Alexis Abramson, Ph.D, a gerontologist and leading advocate for health and wellness issues affecting baby boomers and seniors. "Programs such as the Humana Walmart-Preferred Rx Plan provide an affordable solution for all qualified Medicare beneficiaries - whether they live in Boise or Chicago."
Annual enrollment for 2013 Medicare plans runs from Oct. 15, 2012 - Dec. 7, 2012. For more information on the Humana Walmart-Preferred Rx Plan (PDP), please visit walmart.com/rxplan or humana-medicare.com. Beneficiaries can also call Humana toll free at 1-800-899-0441 (TTY: 711). Hours are 8 a.m. to 8 p.m., seven days a week. The online resources feature plan finder tools to compare Medicare Part D options.
Walmart's role as a preferred pharmacy on many Medicare Part D plans builds on the retailer's ongoing commitment to save its customers money on their pharmacy purchases. For example, in 2006 Walmart introduced a $4 prescription program that has saved customers more than $4.8 billion on their prescriptions.
Wal-Mart Stores, Inc. (NYS: WMT) serves customers and members more than 200 million times per week at over 10,300 retail units under 69 different banners in 27 countries. With fiscal year 2012 sales of $444 billion, Walmart employs 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmartnewsroom. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
Humana Inc., headquartered in Louisville, Ky., is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
More information regarding Humana is available to investors via the Investor Relations page of the company's web site at www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases
- Replays of most recent earnings release conference calls
- Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
- Corporate Governance information
A stand-alone prescription drug plan with a Medicare contract. Other pharmacies are available in our network. The benefit information provided is a brief summary, not a complete description of benefits. For more information contact the plan. Limitations, copayments and restrictions may apply. Benefits, pharmacy network, premium and co-payments may change on January 1 of each year. You must continue to pay your Medicare Part B premium. Medicare beneficiaries may enroll in the plan only during specific times of the year. Contact Humana for more information. If you are a member of a qualified State Pharmaceutical Assistance Program, please contact the Program to verify that the mail order pharmacy will coordinate with that Program.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50440404〈=en
KEYWORDS: United States North America Arkansas Kentucky
The article Humana Walmart-Preferred Rx Plan (PDP) Provides Affordable Prescriptions to Seniors and Other Medicare Beneficiaries originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.