The takeaway SilverScript offers three different Medicare Part D plans nationwide. SilverScript Choice is available in all 50 states, while SilverScript Plus is available in every state except Alaska.
What is silverscript 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. SilverScript offers three different plans this year, including one with a $0 deductible on all covered drugs.
Is a silverscript drug plan right for You?
When shopping for Medicare Part D plans, you may find yourself interested in a SilverScript drug plan. SilverScript is a Part D prescription program that offers drug plans approved by Medicare to provide Part D coverage. These drug plans are a popular choice for many seniors because they offer low premiums and comprehensive coverage.
What is the difference between silverscript choice and silverscript plus?
Here are some of the main differences between the plans. SilverScript offers three different Medicare Part D plans nationwide. SilverScript Choice is available in all 50 states, while SilverScript Plus is available in every state except Alaska. All plans offer no or low copays for tier 1 generics at preferred pharmacies and for mail-order supplies.
Is silverscript part of Aetna Medicare?
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 than 65,000 pharmacies around the country, as well as several thousands of preferred pharmacies for extra discounts.
Is SilverScript Smart Rx 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 is the preferred pharmacy for SilverScript?
SilverScript Preferred Pharmacies Walmart, CVS, Wegmans, Kroger, and Publix are a few of the most popular pharmacy choices. However, many local and independent pharmacies also accept SilverScript coverage.
What is the monthly cost of SilverScript?
Compare our plansSilverScript SmartRx (PDP)SilverScript Choice (PDP)Average monthly premium$7.08$30.78†Deductible††Tier 1: $0Tier 1 / Tier 2: $0Tier 1 copay**$1$0Tier 2 copay**$19$5§2 more rows•Jun 24, 2022
Is SilverScript changing to Aetna?
Starting January 1, 2020, your prescription drug coverage will be called Aetna Medicare Rx offered by SilverScript. The plan is designed exclusively for
What is the SilverScript premium for 2021?
If not, here's the range of monthly premiums you'll pay for each plan in 2021: SilverScript SmartRx: $5.70 to $7.80. SilverScript Choice: $18.10 to $49.70. SilverScript Plus: $52.20 to $88.60.
Can SilverScript be used at any pharmacy?
In most cases, your prescriptions are covered under SilverScript only if they are filled at a network pharmacy (or through our Mail Service Pharmacy). Once you go to one pharmacy, you are not required to continue going to the same pharmacy to fill your prescription but can switch to any of our other network pharmacies.
Who bought out SilverScript?
Since 2006, CVS has sold its individual PDPs through a wholly-owned subsidiary called SilverScript Insurance Company. Similarly, Aetna has sold its individual PDPs since 2006. 7. How big is the PDP business for CVS?
Who is SilverScript owned by?
SilverScript Insurance Company, a CVS Health Company, Introduces Three Medicare Prescription Drug Plan Options for 2019.
What is the difference between SilverScript and SilverScript plus?
With SilverScript, you have access to more than 65,000 pharmacies, as well as many preferred pharmacies. The SilverScript Plus plan has no deductible and more coverage during the Part D donut hole, while the SilverScript Choice and SilverScript SmartRx plans offer lower monthly premiums.
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 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
When did Aetna take over SilverScript?
January 1, 2019When will this change take effect? Aetna signed an agreement to divest all of Aetna's standalone Medicare Part D business to a subsidiary of WellCare Health Plans, Inc. (WellCare). The agreement is subject to take effect January 1, 2019.
SilverScript Part D Drug Plans
SilverScript offers three different Part D plans; the SmartRx, Choice, and the Plus plan.
SilverScript Formulary for 2022
You’ll want to be aware of covered medications when you begin shopping for drug plans. Once released, you’ll find the updated formulary for 2022 in the SilverScripts document library.
How to Enroll in SilverScript
When you're ready to sign up for SilverScript, you'll be able to do so with ease. Make sure to have your Medicare I.D. card with you. You can apply online in a matter of minutes.
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.
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).
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.
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.
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.
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.
How much does SilverScript Plus cost?
Unlike the first two, it has no deductible you need to meet. In most areas, it will cost near $70 a month. It will also offer $0 copays on Tier I & II prescriptions and may offer the lowest copays on more expensive, brand name pharmaceuticals.
How many pharmacies does SmartRx have?
The SmartRx PDP will have a smaller network of approximately 18,500 preferred pharmacies. Many on this list above will be included. If you’re flexible on where you shop, then you’ll save overall. It’s just a matter of staying in network and using a preferred pharmacy.
What is the most expensive drug plan for 2021?
The most popular (and least expensive) policy for 2021 is the SilverScript SmartRx Part D Drug plan. In most states, the premiums are under $10 a month! This is a great plan for those only on Tier I generics as those will be $0. Tier II will be closer to $19, so it may not be the best plan if some of your drugs fall in Tier II.
Is Aetna SilverScript Part D?
If you’re on Medicare, you may be interested in an Aetna SilverScript Part D prescription drug plan. For 2021, their SmartRx plan offers some of the lowest premiums in the country. This will be a great option for those on a few generics or no prescriptions at all. All three of the Aetna plans for 2021 are competitively priced while offering ...
Does Part D cost matter?
This includes premiums, a deductible if any, drug copays and the pharmacy you prefer. In other words, it doesn’t matter if the premiums are low if the copays are very high.
Does Aetna have a deductible for 2021?
Both the Choice and AmertRx PDP have a $445 deductible for 2021, but you’ll see that Tier I & II drugs are not subject to the deductible.
Is SilverScript a Medicare supplement?
It’s important to know there are no Medicare supplement plans sold today offering prescription Part D insurance plans. SilverScript can be a good fit for those looking for a low cost Medicare drug plan with a large nationwide network of pharmacies to pair with their Medigap policy. Contact us today to learn more.