CVS Caremark Part D – Caremark Value vs Caremark Plus

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CVS Caremark Part D Preferred PharmaciesCVS Caremark Part D – which plan is right for you?

The SilverScript Insurance Company is part of the CVS family. Two Caremark Part D Plans are available from the Silverscript Insurance company; CVS Caremark Value PDP and Caremark Plus PDP. Both plans are designed for a specific type of member.

The Caremark Plus PDP is for those People on Medicare who regularly use prescription drugs and the CVS Caremark Value PDP is for those who do not. Both CVS Caremark Part D Plans are available in all 50 States, although the monthly premium will vary by location.

CVS Caremark Value benefits

The CVS Caremark Value Part D Plan is touted has having great coverage and low premiums. The plan offers a standard four tier formulary with generic drugs available for only $5. A mail order option is available for those people who would like that convenience. A $320 annual deductible is required before lower cost-sharing features begin.

Even though this plan is branded as a CVS plan, there is not an additional benefit to stay within the CVS family of pharmacies. This plan has a basic formulary that is designed for the person who takes occasional prescription medications but would like peace of mind if their medication requirements change. Here are some sample premiums for the CVS Caremark Value Plan to get an idea how 2011 monthly premiums can vary from State-to-State:

  • Monthly premium in Florida: $41.90
  • Monthly premium in California: $46.90
  • Monthly premium in Texas: $28.40
  • Monthly premium in Arizona: $25.70
  • Monthly premium in Illinois: $30.80

CVS Caremark Plus benefits

The CVS Caremark Plus Part D Plan is designed for Medicare beneficiaries who regularly take prescription medications. The plan offers a $0 deductible to keep costs lower as well a a five tier formulary. Because this plan has an expanded formulary as as well as no deductible the monthly premium will be higher than the Caremark value plan.

The CVS Caremark Plus PDP also includes an incentive to use preferred pharmacies. Preferred pharmacies include approximately 7000 CVS/Pharmacy and Longs Drugs locations. More than 320 value generic drugs are available at preferred pharmacies for a$2 copayment. These sample premiums reflect the expanded formulary and lack of deductible:

  • Monthly premium in Florida: $66.40
  • Monthly premium in California: $ 63.40
  • Monthly premium in Texas: $79.10
  • Monthly premium in Arizona: $76.90
  • Monthly premium in Illinois: $76.50

 


Caremark ExtraCare Health Program

When you join one of the CVS Caremark Part D Plans you also receive some additional discounts on CVS/Pharmacy brand health-related products. The Caremark ExtraCare Health Program affords members a 20% discount on qualified products.

This program is not offered or guaranteed under the Part D contract with Medicare and is not subject to the Medicare appeals process. It is merely an extra benefit of becoming a CVS Caremark Part D member.

If you are considering a CVS Caremark Part D Plan, start by assessing your personal situation, including health and budget. Review the 2011 Part D   formularies to ensure that your medication are covered. Next, decide if you require the expanded formulary of the Caremark Plus Plan and whether not having a deductible is worth the higher monthly premium. Both plans offer value, but it’s important to choose the one right for you.

12 comments

  1. I am having trouble with caremark due to them filling a prescription I did not need and charging me for it and now they will not allow me to return it and give me credit for the drug which I can not use. What can I do now? I am out $60.00.

  2. I recently spoke with a broker who set me up with United of Omaha for medicare part A and B supplements and recommended CVS Caremark Value Plan for my supplement D. I was quoted at that time a price of $34.00 per month. I no longer have the individual’s name that I spoke with, however, I do want to further discuss applying for the plan and would like to speak with someone. Could someone please contact me at my e-mail address and tell me how to contact them by phone. Thank you.

  3. I spoke with an agent recently who got me enrolled in Medicare supplement via Mutual of Omaha for part A abd B and they recommended CVS Caremark Value plan for my Part D coverage. I have been unable to get enrolled in the program. I have tried severl phone numbers using google, but I can’t seem to get to anyone about enrolling. I have sent emails from here but no one answers my emails. I would like to enroll in CVS Caremark Value Plan but no one seems interested in helping me. Can you help.

  4. Harry, I’m sorry that you are having some difficulty getting enrolled in the CVS Caremark Value Plan. This blog is not owned or operated by CVS Caremark but I’ll try to help. SilverScript Insurance Company is a subsidiary of CVS Caremark. You will need to visit their website to enroll online. Begin on the lest side of the page where it says, It’s easy to get started! Just follow the online prompts. I hope that helps.

  5. I CALLED CVS CAREMARK AT 1-800-878-1674 AND WAITED OVER 1 HR MY WAIT TIME WAS SUPPOSED TO BE 12 MIN. NOBODY EVER CAME ON. I WAS ON THE ADVANTAGE PLAN AND WAS SWITCHED TO CVS WE DO NO HAVE A CVS IN GALLUP, NM WE ONLY HAVE WALMART AND WALGREENS I ONLY PAY 2.50 TO 6.00 FOR MY MEDICINE I AM A DIABETIC I PAY THE 96.00 OFF MY SS CHECK WILL I BE PAYING MORE FOR MY MEDS AND ALSO ANOTHER MONTHLY PREMIUM? PLEASE E-MAIL ME. I’M NOT UNDERSTANDING WHY THE HIGHER COST.

  6. Charles, Given what copays you required to pay it sounds as though you may receive extra help to pay for Part D. If that is the case, your copays will be the same with which ever company you choose. You may want to contact a local insurance agent in Gallup to help you find a plan.

  7. bernhart bell bernhartb& rita bell

    I and my wife have caremark with statefarm ins retired agents.looking up the drugs we take now from caremark can you give a e-mail on what it would cost .state farm is cancelling our coverage as of 01/01/2012.

  8. Bernhart, Part D websites have calculators where you enter your drugs and can get your costs. you can also refer to the Part D formulary to calculate the costs.

  9. My mother needs to enroll in a part D plan to help cover her medications. She is a diabetic and has to take breathing treatments, but she can no longer afford her medications. I have been told its too late to enroll for this year and I am wondering if this is true. I am from west virginia, but my mother lives in North Carolina. I don’t know if that matters or not. Thank you for any advice you can give me!

  10. Vicky, The enrollment period for Part D begins on October 15th and ends December 7th. Although, if she qualifies for some type of Special Enrollment Period she will be able to enroll prior to that time. Have her meet with an insurance agent to review her situation to see if she qualifies. She may qualify based on a special need (medical) or on income, if she is has low enough income that would qualify her for extra help paying for her drugs.

  11. Just finished speaking to your representative about a plan for 2014. I used a non-deductible plan for 2013. I hit the donut hole during July 2013. Rep. was unable to advise me about a 2014 plan.

  12. I just wanted to say that I have had great results and response from caremark. I get my meds on time and good service over the phone. I thought I might look somewhere else due to the cost, but after looking at other reviews on other plans I think I will stay where I am at. Cheaper doesn’t mean it’s good. I like caremark.

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