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Andrew Smith

Andrew Smith

Best Medicare Part D Plans in 2022 (Best Affordable)

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Best Medicare Part D Plans: In 2022, 766 Medicare Part D prescription drug plans (PDPs) will be offered across the US. The average Medicare member will have access to 23 standalone Part D plans and 31 Medicare Advantage plans with prescription drug coverage (called Medicare Advantage Prescription Drug plans, or MA-PD).

When there are so many possibilities, how can buyers pick the best Medicare Part D plans for 2022?

Use the tips below to get the best Part D prescription medicine insurance for your needs.

What Are the Best Medicare Part D Plans Companies for 2022?

32 Best Medicare Part D Plans in 2022 (Best Affordable)

Bigger isn’t necessarily better, but these insurance companies didn’t amass such a significant proportion of the Part D market by chance. For the year 2022, below are some of the most popular Medicare Part D plan providers.

Humana

Humana is a well-known health-insurance company with millions of customers across the United States. In 2022, nearly one out of every five Medicare Part D beneficiaries will be enrolled in a Humana Medicare drug plan. 

For 2022, Humana is offering three national Part D plans. With monthly rates as low as $17.20 per month and no deductibles for Tier 1 and Tier 2 medicines, the plan selection has something for almost everyone.

  • Walmart Humana Value Rx Plan
  • Monthly premium weighted average: $22.831
  • $1 for preferred generics, $4 for other generics is the median standard cost-sharing.
  • Walmart, Sam’s Club, Publix, Kroger, Harris Teeter, HEB, and Costco are among the preferred cost-sharing pharmacies.
  • Humana Premier Rx is a prescription drug plan offered by Humana.
  • Monthly premium weighted average: $76.731
  • $1 for preferred generics and $4 for other generics are the median standard cost-sharing.
  • Walmart, Sam’s Club, Publix, Kroger, Harris Teeter, HEB, and Costco are among the preferred cost-sharing pharmacies.
  • Basic Rx Plan by Humana
  • $33.801 is the weighted average monthly premium.
  • $0 for preferred generics, $1 for other generics is the median standard cost-sharing.
  • Walmart, Sam’s Club, Publix, Kroger, Harris Teeter, HEB, and Costco are among the preferred cost-sharing pharmacies.

Humana also has a number of smartphone apps that allow users to manage their prescription medications from anywhere.

Aetna/CVS

Plan members have access to over 65,000 pharmacies because Aetna is a CVS Health business, with CVS stores functioning as a preferred provider that can give even greater discounts.

In 2022, Aetna provides three primary Part D plans: 

  • SmartRx SilverScript
  • $7.121 is the average monthly premium.
  • $1 for preferred generics, $19 for other generics is the median standard cost-sharing.
  • SilverScript’s Option
  • $30.641 is the average monthly premium.
  • $0 for preferred generics and $5 for other generics are the median standard cost-sharing.
  • In Alaska, SilverScript Plus is not available.
  • $67.861 is the average monthly premium.
  • $0 for preferred generics, $2 for other generics are the median standard cost-sharing.

Cigna

Consumers in mid-size markets and above may have access to all three of Cigna’s Medicare Part D plans, which follow a similar low/middle/high plan tier prevalent in the industry.

  • Cigna Secure Rx
  • Monthly premium weighted average: $33.751
  • $1 for preferred generics and $2 for other generics are the median standard cost-sharing.
  • Cigna Essential Rx
  • Monthly premium weighted average: $35.541
  • $0 for preferred generics and $6 for other generics are the median standard cost-sharing.
  • Cigna Extra Rx
  • Monthly premium weighted average: $60.571
  • Cost-sharing averages $4 for recommended generics and $10 for all generics.

Cigna plans are accessible in parts of all 50 states, and users may obtain prescription medicines for home delivery via the Cigna mobile app.

Cigna is ranked 13th on the Fortune 500 list and has a reputation for financial stability.

UnitedHealthcare/AARP 

AARP distributes Medicare Part D plans in collaboration with UnitedHealthcare, the nation’s largest health insurer.

On lower-tier medicines, AARP Medicare prescription plans from UnitedHealthcare may feature $0 copays and deductibles. Prescriptions for up to three months can be mailed to your house.

  • AARP MedicareRx Preferred
  • Monthly premium weighted average: $99.451
  • Cost-sharing averages $5 for recommended generics and $10 for all generics.
  • AARP MedicareRx Saver Plus
  • Monthly premium weighted average: $40.011
  • $1 for preferred generics, $6 for other generics are the median standard cost-sharing.
  • AARP MedicareRx Walgreens
  • Monthly premium weighted average: $29.291
  • $0 for preferred generics and $10 for other generics are the median standard cost-sharing.

Anthem Blue Cross Blue Shield

Blue Cross Anthem Blue Shield is a blue health plan brand that is part of the Anthem family of companies. Because Anthem brands and Blue Cross and Blue Shield businesses differ by location, we recommend doing some research to see what plans are available in your area.

WellCare

In 2022, WellCare will provide three alternative national Part D plans.

  • WellCare Classic
  • Monthly premium weighted average: $29.881
  • $0 for preferred generics and $6 for other generics are the median standard cost-sharing.
  • WellCare Medicare Rx Value Plus
  • Monthly premium weighted average: $68.071
  • $0 for preferred generics and $4 for other generics are the median standard cost-sharing.
  • WellCare Value Script
  • Monthly premium weighted average: $16.051
  • $0 for preferred generics and $4 for other generics are the median standard cost-sharing.
medicare advantage plans

Features of the Best Part D Plans of 2022

Many of the top Medicare Part D plans for 2022 are likely to have some of the same characteristics. Check to determine if any of the following are covered when comparing plans.

  • Mail-order drug delivery. It’s usual for Medicare plans to provide mail-order prescription drug delivery these days, allowing Part D plan participants to have their meds sent straight to their door, frequently at no additional cost.
  • Additional discounts. Discounts on other health-related items or services are occasionally offered to Part D recipients.
  • Medication Therapy Management (MTM). Beneficiaries who take numerous prescription prescriptions may benefit from this program, which can help them better manage their medications.
  • Large pharmacy networks. The greatest Part D plans often feature tens of thousands of partner pharmacies, including large chains like Walmart, CVS, Walgreens, and others.
  • Low or $0 copays or deductibles. Copays between $0 and $2 for Tier 1 and Tier 2 pharmaceuticals, which can cover numerous generics and widely prescribed prescriptions, are a characteristic prevalent among the top Part D plans. Many high-end insurances will also cover these medications with no deductibles. 

Best States for Medicare Part D Plans

Because the selection of Medicare Part D plans varies by region and state, not all beneficiaries have the same choices.

According to one research, the Medicare Part D marketplaces in Hawaii, Delaware, Nevada, Alaska, and North Dakota are among the finest in the country, with a wide range of options, low pricing, and good quality. 

healthcare costs

Choosing a Medicare Part D Plan

out of pocket limit

The greatest Medicare Part D plan is, at the end of the day, the best Medicare Part D plan for you. That implies you must be able to answer yes to each of the following three questions:

  1. Is the plan available where you live? Some plans are not accessible in all areas. Even not all insurance companies provide products in every state. And you can only enroll in plans that are offered in the service area in which you live.
  2.  
  3. Does the plan cover the drugs you need? It’s pointless to have a plan that doesn’t cover the prescriptions you take. Before registering, look over the plan’s formulary, which is a list of medications that the plan covers.
  4.  
  5. Is the plan accepted by your local pharmacies? Even the best plan is useless if you can’t utilize it at your neighborhood pharmacy. To see where you can utilize the coverage, always check the plan’s network of participating pharmacies.

If you’re searching for a Medicare Part D plan, you should also check at Medicare Advantage plans that include prescription drugs.

Finally, speaking with a professional Medicare Part D insurance consultant will assist you in determining the best plan for your circumstances.

Read More: What Is Medicare Part D?

FAQs

What is the Best Medicare plan D for 2022?

The 5 Best Medicare Part D Providers for 2022
  • Best in Ease of Use: Humana.
  • Best in Broad Information: Blue Cross Blue Shield.
  • Best for Simplicity: Aetna.
  • Best in Number of Medications Covered: Cigna.
  • Best in Education: AARP.

Are 2022 Part D plans available?

Best Medicare Part D Plans in 2022 image result?
In 2022, there will be 766 Medicare Part D stand-alone prescription drug plans available, a 23 percent decline from 2021, owing to consolidations of PDP offerings sponsored by Cigna and Centene, which will result in three fewer PDPs from each firm in each region.

What is Medicare Part D cost for 2022?

The average monthly premium for Part D coverage will be $33 in 2022, up from $31.47 this year. Higher earnings, including those who pay Part B premiums, pay more (see chart below). While not everyone pays a deductible for Part D coverage (some plans don’t), the maximum deductible in 2022 will be $480, up from $445.

Who has the cheapest Part D drug plan?

SilverScript Medicare Prescription Drug Plans

Although prices vary by zip code, the SmartRX plan’s average monthly premium cost is only $7.08, making it the lowest affordable Medicare Part D plan available.

Is SilverScript Part D good plan?

The SilverScript SmartRx plan, fortunately, features extremely cheap copays on the most frequent medicines. It won’t be right for everyone, but it could be a nice option for people who only take Tier I generics. If you use more expensive prescriptions, the Choice or Plus plan may be a suitable choice.

Will Medicare Part D go up in 2022?

The overall out-of-pocket limit for Medicare Part D will rise to $7,050 in 2022, up to $500 from the prior year. The start of Medicare Part D Catastrophic Coverage is marked by the true (or total) out-of-pocket (TrOOP).

Will there be a Medicare increase in 2022?

Part A premiums for those who have paid Medicare taxes for 30 to 39 quarters will rise to $274 per month in 2022 (up from $259 in 2021). Those who have paid Medicare taxes for less than 30 quarters will likely see their rates increase from $471 in 2021 to $499 in 2022.

Do I need Medicare Part D if I don't take any drugs?

To avoid a penalty, you should join a Medicare drug plan or a Medicare Advantage Plan with drug coverage, even if you don’t take pharmaceuticals currently. You might be able to locate a plan that matches your needs for a low or no monthly fee. 2. If you lose other creditable coverage, enroll in Medicare medication coverage.

Is Medicare Part D automatically deducted from Social Security?

Medicare premiums may be withdrawn automatically if you receive Social Security retirement or disability benefits. Before your cheque is issued to you or deposited, the premium amount will be deducted.

Does Medicare pay for Suboxone prescriptions?

Medicare does not cover the cost of Suboxone (buprenorphine/naloxone) (Parts A and B). Even if you don’t have an initial Medicare plan, you can sign up for prescription medication coverage under Medicare Part D. If your doctor says that Suboxone is medically essential, you may be able to get help paying for it through Medicare Part D.

More to explorer

Part D / Prescription Drug Benefits

Part D / Prescription Drug Benefits

Introduction to Medicare Part D Before 2006, Medicare covered some medicines given during a hospital stay (Medicare Part A) or a doctor’s

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