For example, if you purchase a
formulary medication such as Quetiapine Fumarate, the generic for Seroquel®,
you may see on your receipt a price slightly more or slightly less than someone
who is enrolled in another Medicare prescription plan.
And, if you were
to go to a different pharmacy using your same 2014 Medicare Part D plan, the
negotiated retail drug price could also be different (see chart below
illustrating an average negotiated retail drug price range from $18.18 to
$230.97).
The chart below shows a few examples
of how the average price of
Quetiapine
Fumarate differs between a sample of stand-alone
2014 Medicare
Part D plans in Florida – the prices shown are the average negotiated
retail drug price for each plan’s Florida service area and can vary from the
pharmacy specific price shown on Medicare.gov.
We also show in the chart
how the average negotiated retail drug price has changed over the last few
years.
QUETIAPINE FUMARATE 25MG TABLETS |
||||
|
Plan's Average Negotiated |
|||
Medicare Part D Plan Name |
Dec. 2012 |
Dec. 2013 |
March 2014 |
June 2014 |
WellCare Plans (PDP) |
$22.18 |
$19.25 |
$18.17 |
|
AARP Plans (PDP) |
$47.56 |
$16.39 |
$18.60 |
|
Express Scripts Medicare - Value (PDP) |
$73.16 |
$73.22 |
$59.41 |
|
HealthMarkets Value Rx (PDP) |
$25.83 |
$22.56 |
$22.44 |
|
Cigna Medicare Rx Secure Plans (PDP) |
$43.91 |
$19.30 |
$22.90 |
|
Aetna Plans (PDP) |
$73.34 |
$67.17 |
$54.40 |
|
First Health Part D Value Plus (PDP) |
$108.55 |
$73.46 |
$74.30 |
|
Cigna-HealthSpring Rx -Reg 11 (PDP) |
|
$92.34 |
$79.77 |
|
United American Plans (PDP) |
$109.17 |
$112.00 |
$106.43 |
|
SilverScript Plans (PDP) |
$186.93 |
|
$118.26 |
|
Health First Basic Plan (PDP) |
|
$121.16 |
$230.76 |
As you can see in the chart above, the average negotiated retail drug price can vary significantly from one Medicare plan to another.
To give you an overview of pricing, we have added the
average negotiated retail drug price in the far right column of our Drug
Finder comparison chart. Again, the average negotiated retail drug
prices shown are the average of the negotiated retail drug prices for all
pharmacies in the plan’s service area.
Please note that the average
negotiated retail drug price can vary state to state. You can click on
the average negotiated retail drug price to view the pricing history for a
particular plan and drug. The same average retail drug pricing
information is also available when using our Formulary
Browser and clicking on the 30-day supply or 90-day supply cost-sharing
figures.