Medicare Advantage Plan Benefit Details in Plain Text|
|The following Medicare Advantage plan benefits apply to the Midwest Advantage (HMO SNP) plan (H5685 - 001) in Wayne, Michigan only.
To switch to a different Medicare Advantage plan or to change your location, click here.|
Click here to see this information for the Midwest Advantage (HMO SNP) plan in a chart format along with the plan enrollment options. We will also send a copy of the plan benefit details chart to your email account.|
|The Midwest Advantage (HMO SNP) plan has a monthly premium of $32.50. That is $390.00 for 12 months. There are a few factors that can increase or decrease this premium.
If you qualify for full or partial extra help, your premium will be lower. If you have a premium penalty, your premium will be higher.
Please remember that the $32.50 montly premium is in addition to your Medicare Part B premium.|
|This Medicare Advantage Plan with Prescription Drug Coverage is a Local HMO plan.|
|Plan Membership and Plan Ratings|
|The Midwest Advantage (HMO SNP) plan a new plan in Wayne county, therefore we do not yet have membership figures. The Centers for Medicare and Medicaid Services (CMS) has has given this plan carrier a summary rating of -1.00 stars. The detail CMS plan carrier ratings are as follows: , , and a Drug Cost Information Accuracy Rating of -1 out of 5 stars. |
|Prescription Drug Coverage: Deductible, Cost-sharing, Formulary|
|This plan does NOT have a deductible for the prescription drug coverage. That means that you have first dollar coverage. Some plans have a deductible that must be paid (in full) prior to the prescription coverage assisting in your prescripition costs (See cost-sharing below). The maximum deductible for 2014 is $310. This plan (Midwest Advantage (HMO SNP)) has no deductible.|
|The following information is about the Midwest Advantage (HMO SNP) formulary (or drug list). There are 3453 drugs on the Midwest Advantage (HMO SNP) formulary. Click here to browse the Midwest Advantage (HMO SNP) Formulary.|
|The Initial Coverage Phase (ICP) can be thought of as the cost-sharing phase of the plan. During this phase, you and the insurance company share your prescription costs. Since this plan has no deductible, your coverage (initial coverage phase) will start right away. All medication are divided into tiers within the plans formulary. This helps the plan to organize and manage the prescription cost-sharing. The Midwest Advantage (HMO SNP) plan’s formulary is divided into 2 tiers. Every plan can name their tiers differently, and can place medications on any tier. The cost-sharing for this plan is divided as follows: Tier 1 contains Generic drugs. The tier 1 co-payment is $0.00. Tier 2 contains Brand drugs. The tier 2 co-payment is $0.00. Click here to browse the Midwest Advantage (HMO SNP) Formulary.|
|The Coverage Gap, which is also known as the Donut (Doughnut) Hole is the phase of your Medicare Part D plan where
you are responsible for 100% of your medication costs. Healthcare Reform mandates that the insurance carrier pay 21% of your generic drug prescription costs in the donut hole on your behalf.
The brand-name drug manufacturer will pay 50% and your plan will pay an additional 2.5% of the cost of your brand-name drugs pruchased in the Donut Hole. The 50% paid by
the brand-name drug manufacturer is paid on your behalf and therefore counts toward your TrOOP (or True Out-of-Pocket) costs. The portion paid by your plan, does not count toward TrOOP. Some Medicare Part D plans offer coverage during the Coverage Gap that is beyond the mandated discounts.
Any drug not covered by the plan’s Gap Coverage will still receive the discounts noted above -- even if the plan has "No Gap Coverage". This plan (Midwest Advantage (HMO SNP)) offers No Coverage during the Coverage Gap phase.|
|The Midwest Advantage (HMO SNP) plan offers many Health and Prescription Drug Coverage Benefits. The following section will describe these benefits in detail.|