SilverScript is a Medicare Part D carrier with plans available in all 50 states. SilverScript offers comprehensive Medicare Part D plans with extensive prescription drug coverage and low premiums. Millions of Medicare beneficiaries take advantage of SilverScript prescription drug plans each year.
Is silverscript a Medicare Advantage plan?
To add Part D coverage, you will need to enroll in a standalone Medicare prescription drug plan such as those offered by SilverScript (PDP). You may also add prescription drug coverage to a Medicare Advantage (MA) plan when that is an available option. Return to the Medicare FAQ section to view more answers to other commonly asked questions about Medicare prescription drug coverage.
Why is silverscript cheap?
SilverScript Choice is the company’s most popular plan, and one of the most popular Part D plans in the country. 2 Enrollees in SilverScript Choice will need to pay between $215 and $435 (the maximum deductible allowed by Medicare 3) before SilverScript covers drug costs.However, this deductible applies only to brand name and specialty drugs—Tier 3 through Tier 5.
Is silverscript a commercial insurance?
Silverscript is a licensed Medicare part D provider whose only business revolves around providing supplemental prescription drug coverage to Medicare recipients. Silverscript does not offer health insurance, but you can search for a company that does by entering your zip code in the box provided.
Did silverscript buy Aetna?
Silverscript is excited to share that CVS Health, the largest pharmacy health care provider in the U.S., has completed its acquisition of Aetna, one of the nation’s leading diversified health care benefits companies. The combination of CVS Health and Aetna is a transformative moment for Silverscript and the industry.
Is SilverScript part of Medicare Part D?
SilverScript is one of the largest providers offering Medicare Part D coverage in the United States, with plans in all 50 states. It became part of Aetna Medicare for the 2021 health plan year.
Is SilverScript a good Part D plan?
All of Aetna's PDPs have a Medicare star quality rating of 3.5 out of five stars. CVS/Aetna's SilverScript Smart RX plan has the lowest average monthly premium in 2022, and CVS is one of four main providers of stand-alone Part D prescription drug plans in the United States.
What insurance company owns SilverScript?
SilverScript is now part of Aetna Medicare AetnaMedicare.com is your go-to location for learning about your PDP choices and where you can: Enroll in a PDP. Access and print plan documents. Pay your premium.
Does SilverScript Part D have a deductible?
The SilverScript Choice plan offers extensive prescription drug coverage. This policy provides a $0 deductible for Tier 1 and 2 medications.
What is the most popular Medicare Part D plan?
Best-rated Medicare Part D providersRankMedicare Part D providerMedicare star rating for Part D plans1Kaiser Permanente4.92UnitedHealthcare (AARP)3.93BlueCross BlueShield (Anthem)3.94Humana3.83 more rows•Mar 16, 2022
What is the monthly premium for SilverScript?
Compare our plansSilverScript SmartRx (PDP)SilverScript Plus (PDP)Average monthly premium$7.08$68.97Deductible††Tier 1: $0$0 on all tiersTier 1 copay**$1$0Tier 2 copay**$19$22 more rows•Jun 24, 2022
Is CVS Caremark and SilverScript the same?
SilverScript is an affiliate of CVS Caremark. Your new plan through SilverScript will be the only prescription drug plan for Medicare-eligible Retirees of MPIHP.
What pharmacy Can I use with SilverScript?
SilverScript's nationwide pharmacy network includes more than 67,000 locations that will accept your coverage, including CVS Pharmacy®, Walgreens®, Walmart®, Sam's Club®, thousands of regional, independent and grocery store pharmacies and CVS Caremark Mail Service Pharmacy.
Does SilverScript Part D cover shingles shot?
Aetna Medicare and SilverScript Part D plans cover the shingles vaccine and some commercially available vaccines. Part D in general covers recommended adult immunizations when needed to prevent illness.
Why do I need SilverScript?
SilverScript is a Medicare Part D prescription drug plan (PDP) with additional coverage provided by Pfizer. This additional coverage means that you have more coverage than the standard Medicare Part D plan. You don't have to do anything to continue your enrollment in the plan.
What is the SilverScript deductible for 2021?
The maximum deductible for 2021 is $445, but this plan (SilverScript Choice (PDP)) has a $305. There are other plans with a lower deductible or even a $0 deductible for all formulary drugs.
Is SilverScript worth?
SilverScript Overall Review SilverScript rightfully earns the top spot on this list. With excellent customer service, low out-of-pocket costs, and a high customer satisfaction rating, there is likely a SilverScript plan to meet everyone's needs.
How many pharmacies are covered by SilverScript Part D?
SilverScript Part D plans have many coverage benefits, including: lower copays at more than 18,500 pharmacies for SilverScript SmartRx and 23,000-plus pharmacies for SilverScript Choice and SilverScript Plus.
How much is SilverScript Plus?
SilverScript Plus: $52.20 to $88.60. These rates vary depending on where you live. You can enter your specific ZIP code to search for prices using Medicare’s plan finder tool. As with all Part D plans, the premium for your SilverScript plan is in addition to the other costs you pay for Medicare.
What is SilverScript SmartRx?
The SilverScript SmartRx plan is intended for active, generally healthy adults who take generic maintenance drugs or no regular medications. Its formulary offers a substantial list of tier 1 drugs at a $0 copay at preferred pharmacies during the initial coverage phase.
How much is tier 1 coinsurance?
Tier 1: $0 at preferred pharmacies and mail-order service; $5 to $15 at nonpreferred pharmacies. Tier 2: $0 to $2 at preferred pharmacies and mail-order service; $10 to $30 at nonpreferred pharmacies. Tier 3: $47 to $141 range for all pharmacies and supply amounts. Tier 4: 50 percent coinsurance.
Is SilverScript part of Aetna?
SilverScript is one of the largest providers offering Medicare Part D coverage in the United States, with plans in all 50 states. It became part of Aetna Medicare for the 2021 health plan year. SilverScript offers three different plans this year, including one with a $0 deductible on all covered drugs. Members have access to a large network of more ...
Does SilverScript have a copay?
All plans offer no or low copays for tier 1 generics at preferred pharmacies and for mail-order supplies. With SilverScript, you have access to more than 65,000 pharmacies, as well as many preferred pharmacies.
SilverScript Part D Plans
There are three different Medicare Part D Plans offered by SilverScript:
SilverScript Part D Benefits
The SilverScript drug plan offers a variety of benefits that differs between plans. In general, the benefits include:
How Much Does a SilverScript Drug Plan Cost?
The cost for a SilverScript drug plan can vary depending on the area or region you live in. The standard annual deductible threshold for Part D plans in 2021 is $445, so you can expect to pay no more than that for your yearly Part D plan deductible. SilverScript drug plans also typically have low or even $0 copays for tier 1 drugs.
How to Choose a Part D Plan?
There is no one-size-fits-all when it comes to prescription drug coverage. While one plan may work for a friend or family member, it may not be the best choice for you. Each individual has their own specific needs when it comes to prescription coverage, which is why it is important to compare multiple plans before enrolling in a Part D drug plan.
SilverScript Enrollment Period
Avoid a costly late enrollment penalty by enrolling in a SilverScript drug plan or Part D drug plan when you are first eligible. The first opportunity you have to enroll is during your Initial Enrollment Period (IEP).
How much does SilverScript cost?
SilverScript Choice (PDP) Enrollees in SilverScript Choice will need to pay between $215 and $435 (the maximum deductible allowed by Medicare 3) before SilverScript covers drug costs. However, this deductible applies only to brand name and specialty drugs—Tier 3 through Tier 5.
What is Medicare Part D?
Is SilverScript Medicare Part D? Medicare Part D is the part of Medicare that covers prescription drugs. Medicare regulates Part D, but private companies sell the Part D plans themselves. SilverScript is one of those private companies that sells two Medicare Part D plans: SilverScript Choice and SilverScript Plus.
Do you have to meet a deductible for generics?
However, this deductible applies only to brand name and specialty drugs—Tier 3 through Tier 5. If you rely mostly on generic medications (Tier 1 or Tier 2), you won’t need to meet a deductible before your drug coverage begins.
Does SilverScript have a deductible?
Seekers of low (or no) deductibles: One of SilverScript’s plans doesn’t require a deductible before drug coverage begins, and the other plan has a $0 deductible on Tier 1 and Tier 2 generics. Those who prefer home delivery: CVS Caremark delivers medications to your home for the same price as you’d pay in person at a preferred pharmacy.
Does SilverScript have a Medicare Part D plan?
SilverScript Part D prescription drug plans. SilverScript does one thing and one thing only: Part D. For such a large provider, it may be surprising that it offers just two plan options for Medicare recipients. But this lack of options can make deciding between two plans easier if you already know you prefer SilverScript.
Does SilverScript work with CVS?
You may be even more on board if you're a fan of CVS or Walmart—or at least live close to one—as SilverScript counts both businesses as preferred pharmacies. People who have trouble getting around may enjoy CVS's mail-order pharmacy, Caremark, which delivers meds to your door for the same price you’d pay in-store.
Is SilverScript Choice a good plan?
The Choice plan boasts lower premiums than the Plus plan, so if you want low monthly costs and primarily take generic medications, SilverScript Choice may be a good fit for you. However, you can’t know for sure what this plan will cost until you compare the medications you take with the plan’s formulary.
SilverScript Formulary 2022
You’ll want to be aware of covered medications when you begin shopping for drug plans. You can look at a plan’s available drugs in their formulary. They provide you with an up-to-date drug formulary every year. The formulary is a master list of prescription drugs that have coverage.
SilverScript Choice
The Choice plan offers extensive drug coverage. The policy provides a $0 deductible for medications that are on Tier 1 and 2. SilverScript Choice also includes delivery of your Tier 1, 2, and 3 prescriptions. Pharmacies throughout the United States accept the Choice plan.
SilverScript Plus
The SilverScript Plus plan offers a $0 deductible on medications in all tiers. The policy has even more drug coverage than the Choice. You can get your med delivered to you and may also have $0 copays for those prescriptions.
SilverScript Pharmacies
More than 65,000 pharmacies are available in the U.S. for members. You’ll find most of your big-name pharmacies will accept your insurance. Walmart, CVS, Wegmans, and Walgreens are a few of the most popular pharmacy choices. Many local pharmacies also accept SilverScript coverage.
SilverScript Mail Order Services
Many times, people may like to use mail order pharmacy services. Mail order can be beneficial for those who aren’t able to leave their house. You can choose to have your medication sent to your home or place of employment. Both Choice and Plus members can use this service.
SilverScript Drug Prices
SilverScript has different tiers when referring to drug prices. Lower tiers tend to have lower prescription prices. SilverScript has a total of five tiers:
Common SilverScript Questions and Answers
Who owns SilverScript? CVS Health owns the SilverScript insurance company. Also, CVS Health owns several other well-known companies. CVS Pharmacy, Aetna, and CVS Caremark are part of CVS Health.
SilverScript Medicare Part D
Aetna offers 3 PDP plans and more than 65,000 pharmacies in the United States. SilverScript is accepted at many local pharmacies and large retail chains like Walmart, CVS, and Walgreens.
Caremark
SilverScript offers an exclusive online portal through Caremark where you can review your prescriptions drug coverage and check the status of orders and medication costs. Caremark allows members to receive a 90-day supply of medications delivered to their door.
How to Enroll in a SilverScript Medicare Part D Plan
To compare SilverScript Medicare Part D plans that are available in your area, give us a call. Or, complete our online rate form to have an agent contact you regarding your options.
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