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First Health Part D – Compare 2012 Part D

First Health Part D PDP options for 2012

Coventry Health Care is the insurance company behind First Health Part D. Coventry formerly offered Medicare Part D plans with the Advantra RX brand.  Coventry re-branded their Part D plans as First Health Part D.

First Health  Part D plans are available in all 50 States. Coventry also markets Medicare advantage plans in select areas. A First Health Medicare drug plan may be a viable option if your are enrolled only in original Medicare or if you have purchased a Medicare supplement and need prescription drug coverage.

First Health Part D Changes

First Health Part D plans can change annually

All Part D plans are annual plans. Insurance companies enter into an annual agreement with CMS to provide benefits for a calendar year. Either party can choose to terminate and not renew the agreement annually. The same can be said for Medicare Advantage plans.

Plan benefits can change for many reasons and most often a plan sponsor is reacting to changes in the cost of providing service, the cost of medications or changes in reimbursement rates from Medicare. Given this scenario no Part D plan will necessarily include the same benefits year after year. Several changes can occur including:

• Premiums can increase.
• Plan formularies can change.
• Deductibles, copay amounts and coinsurance can change.
• Plans can non-renew and cease to be available.

 

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Compare First Health Part D to other available plans

Like many companies offering 2012 Part D plans Coventry is offering more than one First Health drug plan.

First Health Part D Premier PDP is considered the basic plan and has a lower monthly premium. Plans can vary depending on location, but often this plan has a deductible, a set copay for Tier 1 medications and coinsurance amounts for the Tiers 2, 3 and 4. For most people the formulary will include all or most all of their drugs.

Those people who require an expanded formulary may want to consider the First Health Part D Premier Plus. This plan will include more of the drugs required to treat chronic illnesses but will require a higher premium. Plans can vary depending on location but this plan often includes a $0 copay for Tier 1, a set copay for Tier 2 and coinsurance amounts for Tiers 3 and 4.

A new option in 2012 for people considering a Coventry Part D is the First Health Part D Value Plus (PDP). this plan is not available in Alaska or Hawaii.

The most important thing to consider when comparing 2012 Part D plans is the plan’s formulary. If your medications are not covered nothing else, including a low monthly premium, will matter. When comparing 2012 Part D plans focus on these plan features:

• The plan’s formulary or list of covered drugs.
• The monthly premium.
• The copay amounts and coinsurance required.
• In-network pharmacies.
• Mail order options.

There are more than likely a number of 2012 Part D plans available to you. First Health Part D PDP plans are worth a look. Typically you can compare plans online and print a copy of the plan’s formulary. Keep the above plan features in mind when comparing plans and you should be able to get the best plan for your circumstances in 2012.

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