Why do I need SilverScript?
Asked by: Elnora Feest | Last update: August 23, 2023Score: 4.2/5 (43 votes)
SilverScript is a Medicare Part D prescription drug plan (PDP) with additional coverage provided by Pfizer. This additional coverage means that you have more coverage than the standard Medicare Part D plan. You don't have to do anything to continue your enrollment in the plan.
Is SilverScript worth it?
Aetna/SilverScript: Best overall
These popular plans are affordable and highly rated. Aetna and SilverScript plans are a good choice for most people because they are priced affordably, typically have a lower deductible than other companies and have a high average rating across most performance categories.
What are the benefits of SilverScript?
SilverScript drugs plans include multiple coverage benefits, including: $0 copays for preferred generic drugs. Access to a network of more than 65,000 pharmacies, including thousands of preferred pharmacies with additional discounts. Potential $0 deductible for all covered drugs.
Is SilverScript the same as Medicare?
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 is the difference between Medicare Part D and SilverScript?
SilverScript is a Medicare Part D prescription drug plan (PDP) with additional coverage provided by Pfizer. This additional coverage means that you have more coverage than the standard Medicare Part D plan.
Why SilverScript Choice (PDP) Should Be Your Choice
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.
Do I have to pay for Medicare Part D if I have supplemental insurance?
You're required to pay the Part D IRMAA, even if your employer or a third party (like a teacher's union or a retirement system) pays for your Part D plan premiums. If you don't pay the Part D IRMAA and get disenrolled, you may also lose your retirement coverage and you may not be able to get it back.
Can you just have Medicare Part D?
You must be enrolled in Medicare Part A and/or Part B to enroll in Part D. Medicare drug coverage is only available through private plans. If you have Medicare Part A and/or Part B and you do not have other drug coverage (creditable coverage), you should enroll in a Part D plan.
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 insurance is SilverScript?
SilverScript is a private insurance company offering Medicare Part D prescription drug plans with more than 65,000+ pharmacies across the United States. SilverScript is one of the largest providers in the United States that offers Medicare Part D coverage. SilverScripts Medicare Part D plans are in all 50 states.
What is the cheapest SilverScript plan?
SilverScript® SmartSaver (PDP)
Our SmartSaver (PDP) helps you get the medicine you need with: The lowest national average PDP plan premium at $5.92* $0 deductible and $2 copays for Tier 1 drugs**
What is SilverScript for seniors?
What is SilverScript? SilverScript is a private Medicare Part D insurance company that offers prescription drug coverage to those with Original Medicare. The carrier offers coverage options in all 50 states and Washington D.C. SilverScript offers three different coverage choices to those eligible for Medicare Part D.
What will SilverScript premiums be in 2023?
For the largest PDP, CVS Health's SilverScript Choice, which has a total of 3.0 million enrollees in 2022, including 1.4 million non-LIS enrollees, the average monthly premium will increase by $2 (+8%), from $31 in 2022 to $33 in 2023.
What is the star rating for SilverScript?
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.
What happens if I refuse Medicare Part D?
Medicare calculates the penalty by multiplying 1% of the "national base beneficiary premium" ($32.74 in 2023) times the number of full, uncovered months you didn't have Part D or creditable coverage. The monthly premium is rounded to the nearest $. 10 and added to your monthly Part D premium.
Does Part D penalty go away when you turn 65?
If you do not have creditable medical or drug coverage after reaching eligibility, you will need to pay the Medicare Part B and Part D penalties, respectively. So, do not delay your enrollment. However, when you turn 65, any penalty you incur will be voided, so you will have a clean slate.
What is the out of pocket maximum for Medicare Part D?
Medicare Part D plans don't have hard out-of-pocket maximums. However, in all Part D plans, you enter what's called the catastrophic coverage phase after you hit $7,400 in out-of-pocket costs for covered drugs.
Why am I paying for Medicare Part D?
Medicare Part D helps cover the cost of prescription drugs. Part D is optional and only provided through private insurance companies approved by the federal government. However, Part D is offered to everyone who qualifies for Medicare. Costs and coverage may vary from plan to plan.
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.
Does everyone pay a Medicare Part D premium?
High-income earners must pay the Part D IRMAA whether they choose a Medicare Part D plan or a Medicare Advantage plan that includes prescription drug coverage. The Part D IRMAA is never paid to your insurance company and is usually deducted from your Social Security check.
Does SilverScript Part D cover shingles shot?
Medicare prescription drug plans (Part D) usually cover all commercially available vaccines needed to prevent illness, like the shingles shot. You can now get more vaccines under Part D at no cost to you. Contact your Medicare drug plan for more details.
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.
Did Aetna take over SilverScript?
SilverScript is now part of Aetna Medicare
AetnaMedicare.com is your go-to location for learning about your PDP choices and where you can: Enroll in a PDP. Access and print plan documents. Pay your premium.