Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Humana and Walmart in Medicare Alliance

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Humana Inc. (NYSE:HUM) announced it is cobranding a Medicare Part D prescription drug plan with Wal-Mart Stores Inc. (NYSE:WMT), Bentonville, Ark.

The agreement offers Medicare beneficiaries savings on monthly plan premiums and on prescription copayments and cost-shares, according to a joint statement by the companies.

The Humana Walmart-Preferred Rx Plan (PDP) offers one national monthly plan premium of $14.80. A typical Medicare Part D beneficiary who enrolls in the plan can save more than $450 in 2011 over an average Part D prescription, according to an estimate by Humana, Louisville, Ky.

The plan will be available to Humana Part D members using Walmart, Neighborhood Market or Sam’s Club pharmacies:

In-store copayments on generic prescriptions start as low as $2 when plan members use preferred pharmacies, according to the announcement.

-tt

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.