Q:

What are the benefits of an AARP MedicareRx Saver Plus plan?

A:

Quick Answer

In 2015, the benefits of the AARP MedicareRx Saver Plus plan include low monthly payments, a $320 annual deductible and access to some of the most commonly prescribed medications covered by Medicare Part D, according to AARP. Premiums and benefits vary by state, the details of which can be found on AARPMedicarePlans.com.

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Full Answer

In most parts of the United States, the policyholder pays 100 percent of the cost of all medication until meeting the yearly deductible, states AARP. Additionally, policyholders pay no more than 45 percent of the cost of brand-name medications or 65 percent of the cost of generic medications during the Medicare coverage gap.

The MedicareRx Saver Plus plan features five tiers of coverage based on the cost and availability of various drugs, explains AARP. The first four tiers require that patients pay a predetermined co-payment for medications, while the final tier requires them to pay a percentage of the cost. Co-payments typically range from $1 to $35 when patients purchase drugs from a preferred pharmacy or through the mail. Patients usually pay 25 percent of the cost of drugs in the final tier. Drug costs also vary according to the stage of coverage the patient is in. These stages include an initial coverage stage, a coverage gap and a catastrophic stage.

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