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2024 Wellcare Part D Drug Insurance

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Wellcare Part D Drug InsuranceIf you’re shopping for the lowest cost 2024 Medicare Part Prescription Drug plans, Wellcare might be a great choice. They are offering three plans with various benefits and cost-sharing. From lowest to highest monthly premiums, those three plans are the Wellcare Value Script, Classic, and Value Plus PDP.

Using our software, you can compare all three plans as well as several others. Click on the green “Compare Plans Now” button on the right to view their PDP plans and others side by side. Enrollment is quick, easy, and at no extra cost to you.

Changes To 2024 Wellcare Drug Plans

The least expensive policy for 2024 is the Wellcare Value Script. In most states, your monthly premiums will be the lowest in the country. In fact, it is $0 a month in many areas! This is the first time a $0 per month prescription Part D Plan has been offered by any insurance company.

This low-cost policy is a good choice for those on cheap Tier I & II prescriptions – or for those who take no prescriptions at all. It’s a great placeholder policy that also helps consumers avoid the Medicare Late Enrollment Penalty. It has a $545 deductible, a large network of preferred pharmacies, and a strong formulary.

The $545 deductible does not apply to Tier I & II drugs for the Value Script PDP. Many generic prescriptions will have low copays in 2024 making this one of the most affordable options available.

The middle plan for 2024 is the Wellcare Classic PDP. It also has a $545 deductible. Premiums are closer to $40 a month in most areas of the country. This can be a good choice for those on more expensive prescriptions that fall outside of the first two Tiers.

The Wellcare Medicare Rx Value Plus plan is the most expensive offering. It has no deductible and will be closer to $78 a month. This PDP will only benefit a select few consumers who are taking several, more costly prescription drugs.

One size does not fit all with stand-alone PDP plans, so it’s best to compare all of your options. But if you’re already enrolled in the Value Script and take mostly generics, you’re likely in a suitable plan for 2024. If not, then enter your drugs and preferred pharmacy using our drug plan comparison software or the green links on this page.

WellCare’s Nationwide Network Of Preferred Pharmacies

All Medicare Prescription Part D plans use a large network of pharmacies. Wellcare is no different. CVS, Walgreens, Safeway, Kroger, Publix & Giant Eagle are all preferred pharmacies among many other large retail stores. It’s important to note that Walmart is not a preferred pharmacy for 2024.

Mail order is also an option for all three plans. You can have 90 90-day supply of most prescriptions delivered to your home. Whether you fill at your local pharmacy or by mail order, requesting a 90-day supply (when offered) can lower your copays.

Low Prescription Drug Copays And Out Of Pocket Costs

Compare Medicare Drug PlansWhen shopping for Part D coverage, you’re comparing more than just the monthly premiums.

The overall cost is what matters most. This includes your premiums, deductibles, and Rx copays.

You may not be saving money by selecting the lowest-cost plan if your drug copays are much higher than other options. And many prescriptions are not subject to the deductible. Where you fill your Rx’s matters too, of course. You want to factor it all in.

It’s also essential to consider Low Income Subsidy (LIS) programs if they’re applicable to you. If your income is below certain amounts, the government subsidizes your coverage. This means lower premiums and copays in some cases. Medicare will notify you if you’re eligible for their LIS program.

Otherwise, you might consider GoodRx, CleverRx, CostPlus, manufacturing coupons, agencies in your resident state and/or other programs to help with high Rx costs. Using several programs can help you avoid the Coverage Gap/Donut Hole.

Contact Us For Quotes, Information And Enrollment

No Medicare supplement plans offered today include Part D Drug coverage. These policies must be purchased separately. Enrolling in a PDP plan when first eligible avoids the Late Enrollment Penalty. It’s a good idea to consider all your options during Medicare Open Enrollment (AEP) and when first eligible for coverage.

Open Enrollment begins on October 15th and lasts through December 7th. There is a lot to consider when making changes during this window. Contact us today to learn more.

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Category: Medicare Part D

Last updated on October 2nd, 2023