What is the star rating for SilverScript?
Asked by: Marie Huel I | Last update: November 6, 2023Score: 5/5 (53 votes)
The SilverScript family includes several distinct plans. Aetna Medicare SilverScript Part D (PDP) plans earned an overall 3.5 out of 5 Star Rating from Medicare in 2022. Above costs taken from the Kaiser Family Foundation.
Is Aetna SilverScript a good drug plan?
All of Aetna's PDPs have a Medicare star quality rating of 3.5 out of five stars. Aetna's SilverScript Smart Saver plan has the lowest average monthly premium in 2023, and CVS is one of four main providers of stand-alone Part D prescription drug plans in the United States.
What is the best pharmacy to use with SilverScript?
Preferred Pharmacies tend to have lower copayments and coinsurance; SilverScript has over 23,000 pharmacies they consider Preferred. CVS, Publix, Walmart, and Kroger are a few preferred pharmacies.
What is the best Medicare star rating?
A 5-star rating is considered excellent. These ratings help you compare plans based on quality and performance. Medicare updates these ratings each fall for the following year. These ratings can change each year.
How much is SilverScript 2023?
The plan comes with an average monthly premium of just $5.61 in 2023 and has no deductible and a $2 copay for Tier 1 drugs, which typically include most preferred generic drugs. You can even get a 90-day supply of Tier 1 drugs for a $6 copayment.
Explaining Medicare & the Medicare Star Ratings Program
What is the projected 2023 Medicare Part D premium?
The Centers for Medicare and Medicaid Services (CMS) announced that the average 2023 Medicare Part D basic monthly premium for standard coverage is projected to be approximately $31.50. This amount is a slight decrease from the average premium of $32.08 in 2022.
How do I increase my Medicare star rating?
The secret to improving, and maintaining, high Medicare Star Ratings requires a year-round effort to drive better member experiences, higher engagement in preventive care and chronic condition management, more responsiveness to customer complaints, and better transparency around prescription drug costs.
How often do Medicare star ratings change?
Star Ratings are calculated each year and may change from one year to the next. If you're enrolled in a Medicare plan, you should check your plan's Star Rating every fall. Then you can make an informed decision about whether to stay on the plan or switch to a more highly rated plan.
When can you switch to a 5-star plan?
You can switch to a 5-star Medicare Advantage-only plan, a 5-star Medicare Advantage Plan with prescription drug coverage, or a 5-star Medicare Prescription Drug Plan at any time during the year, provided you meet the plan's enrollment requirements (e.g., living within the service area, meeting requirements regarding ...
Is SilverScript only good at CVS?
The Plus plan has a more expansive formulary, which may be beneficial to you if you take several medications or specialty medications. Expert Tip: It's important to note that although SilverScript is a CVS Health company, the company's preferred pharmacies include other well-known retail locations.
Can you use Walgreens with SilverScript?
Walgreens Boots Alliance.
Since 2021, Walgreens has focused on participation in preferred networks. For 2023, it will be preferred in nine plans. However, for 2023, Walgreens will be an out-of-network pharmacy for Aetna's SilverScript SmartSaver.
What is the best rx plan for seniors?
What's the best prescription drug plan for seniors? Aetna/SilverScript has the best overall plans for Medicare Part D because of its good ratings, affordable monthly costs and good benefits. Those on a budget should consider Wellcare for low-cost plans that have good coverage for generic prescriptions.
Is SilverScript an advantage plan?
SilverScript Employer PDP sponsored by Pfizer (SilverScript) is the prescription drug plan for Medicare-eligible participants in the Pfizer Medicare Advantage Base Plan, Pfizer Medicare Advantage Buy-Up Plan and Pfizer Prescription Drug-Only Plan.
Does SilverScript have a donut hole?
SilverScript is the Medicare Part D prescription drug plan for members of the State Employee Health Plan. They offer two plans, Premium and Economy. The Premier Plan has a $0 deductible. It has 5 Tiers and offers coverage through the Gap (Donut-Hole) on all tiers.
What are the new Medicare plans for 2023?
- Part B costs have gone down.
- Part A costs have gone up.
- Insulin costs are capped.
- Medicare start dates have shifted.
- Shingles vaccines are covered.
- Medicare Advantage plan ratings are lower.
How to compare Part D drug plans?
Medicare Plan Finder is an online tool at www.medicare.gov that can be used to compare stand-alone Part D plans or Medicare Advantage Plans. Plan Finder provides information about costs, which drugs are included on the plan's formulary (list of covered drugs), and the star rating of the plan.
Why do Medicare star ratings matter?
The Star Ratings system helps Medicare consumers compare the quality of Medicare health and drug plans being offered so they are empowered to make the best health care decisions for them.
Why is my Medicare so high?
If you have higher income, you'll pay an additional premium amount for Medicare Part B and Medicare prescription drug coverage. We call the additional amount the “income-related monthly adjustment amount.” Here's how it works: Part B helps pay for your doctors' services and outpatient care.
When did Medicare star ratings start?
The 5-star rating system was first implemented by CMS for MA plans in 2008 serving as a tool to inform beneficiaries as to the quality of the various plan options and assist them in the plan selection process.
How are star ratings calculated?
Summary star ratings are an average of a provider's question level star ratings. Patient star ratings are calculated by dividing the patient's aggregate mean score by 20. For clients using only one question in the patient star rating, the star rating would simply be the individual question score, divided by 20.
How do I get the $16728 Social Security bonus?
To acquire the full amount, you need to maximize your working life and begin collecting your check until age 70. Another way to maximize your check is by asking for a raise every two or three years. Moving companies throughout your career is another way to prove your worth, and generate more money.
How much will Social Security take out for Medicare in 2023?
For most people, $164.90 will be deducted each month from your Social Security to pay for Medicare Part B (medical insurance). This amount will be higher for those who have higher incomes.
How do you qualify to get $144 back from Medicare?
- Be enrolled in Medicare Parts A and B.
- Pay your own premiums (if a state or local program is covering your premiums, you're not eligible).
- Live in a service area of a plan that offers a Part B giveback.