What are the minimum benefits for a PDP?
A. With a PDP, you pay the first $265 of prescription costs – the annual PDP deductible. After the deductible, your costs are: • 25 percent of prescription drug costs from $265 to $2,400 • 100 percent of prescription drug costs until your out-of-pocket costs reach $3,850 • After that, Humana pays 95 percent, and you pay the greater of $2.15 for generic (including brand drugs treated as generic) and $5.35 for all other drugs, or 5% coinsurance. Here is some additional Medicare information to consider if you’re interested in a PDP: • Financial assistance. If you have a limited income, you may be eligible to apply for financial help. Find out how to get Extra Help with Medicare Costs. • PDP enrollment. If you’re a current Medicare beneficiary and want PDP coverage, enrolling in the plan by May 15, 2006 gave you the lowest premium. Enrollment is automatic for consumers who are “Qualified Medicare Beneficiaries” – those on a limited income who receive assistance with their Medicare premiums
