Humana, Walmart offer Medicare Part D prescription drug plan

LOUISVILLE, Ky. —Humana will offer Medicare Part D beneficiaries a prescription drug plan co-branded with Wal-Mart Stores, the two companies said earlier this week.

The plan, originally launched in 2010, will be launched again for 2012 and will include savings on monthly plan premiums, prescription drug copayments and cost-shares for beneficiaries.

The Humana Walmart-Preferred Rx Plan offers a monthly plan premium of $15.10, which the Centers for Medicare and Medicaid Services estimated will be the lowest plan premium in 2012 for a stand-alone Medicare Part D plan in the country. Copayments for some generic drugs will be $1 after deductibles, compared with $2 this year, and copayments will be free for prescriptions filled via Humana's RightSourceRx mail-order prescription service.

The companies said the plan would offer Medicare Part D beneficiaries cost savings and convenience from the preferred pharmacy network of more than 4,000 Walmart, Sam's Club, Walmart Neighborhood Market and Walmart Express retail pharmacies.