Tuesday, October 5, 2010

Wal-Mart's Cheaper Medicare Drug Plan

Be fair, attentive, and customers
will return.

Humana Inc. is combining forces with
Wal-Mart Stores to offer a low cost
Medicare prescription drug plan,
nationwide.

Humana, based in Louisville, Ky., is one
of the largest U.S. health insurers and
second largest provider of privately run
Medicare health plans. It has the highest
exposure to Medicare among the major
national managed care businesses.

A typical Medicare prescription drug
beneficiary could save about $450 a year on
the lower premium, co-payments/cost- shares,
compared with average total costs for
Medicare drug benefit plans, the companies
pointed out. They referred to the U.S.
Centers for Medicare & Medicaid Services
figures.

The plan will go into effect next year at a
monthly premium of $14.80, which is the
lowest premium for stand-alone Medicare
prescription drug plans being offered
nationally for 2011 per Humana.

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