Medco Medicare Prescription Plan

Medco is a name that you are probably familiar with when it comes to prescription drugs.  Many companies have used Medco to fill their mail order prescription drugs.  This year Medco has two Medicare Prescription Drug plans available.  Medco currently services over 65 million Americans every day, and have a customer service number that is open 24 hours a day, 7 days a week.  Their Medicare Prescription drug plans cover over 3,000 drugs at over 63,000 pharmacies nationwide!  Their two plan offerings are the Value Plan and the Choice Plan.

Medco Value Plan

  • Premium is between $30.70 to $49.40
  • Deductible is $320
  • Tier 1 drugs $4
  • Tier 2 drugs $8
  • Tier 3 drugs 25%
  • Tier 4 drugs 34-40%
  • Specialty Tier Drugs 25%

Medco Choice Plan

  • Premium is between $59.90 to $97.80
  • Deductible is $0 for Tier 1 and Tier 2.
  • Deductible is $150 for all other drugs
  • Tier 1 drugs $6
  • Tier 2 drugs $12
  • Tier 3 drugs $45
  • Tier 4 drugs $95
  • Specialty tier drugs 26%
  • Coverage through the gap for Tier 1 and Tier 2

The Medco Medicare Prescription plans carry a 5 star rating from Medicare.  After looking at the plan coverage, I don’t believe this star rating will last.  The Choice plan has higher copays on Tier 1 and Tier 2 and also has a deductible.  Normally, the higher priced offering has lower copays and no deductible.  Also, seeing the percentages for Tier 3 and 4 on the value plan is very concerning.  Let’s hope this is not the direction that drug plans are heading!  I would definitely steer clear of this plan in most cases.  As always, I recommend that you call Medicare at 1-800 Medicare or go online to and enter all of your drugs on the website.  Medicare will be able to tell you what is the best plan based on your individual prescription needs.

Medicare Part D


5 Tips For Shopping Your Medicare Coverage

As your well aware by now, the Medicare AEP, Annual Election Period, is in full force.  The AEP runs from October 15 – December 7 and allows you to make changes to your current Medicare Advantage and Prescription Drug coverage.  Any changes that you make during this time will go into effect January 1st.  Making these […]

Loving, Handsome Senior Couple

Shop Your Medicare Plan During The 2015 Open Enrollment

Nobody likes change and that holds especially true when it comes to insurance.  The worst thing you can do, however is nothing!  That’s because Medicare coverage is changing every year, and that holds true in 2015 as well.  So even if you do nothing, your coverage is changing without you whether you like it or […]

2015 Medicare Annual Election Period (AEP) Underway

Every year the Medicare AEP or Annual Election Period arrives with much anticipation.  You may not know when it starts or what you can do, but you will definitely know it’s here when you start seeing the plethora of television, print ads, and billboards touting the latest and greatest coverage. 2015 Medicare AEP The 2015 […]

2015 Medicare Advantage And PDP Plans Now Available

You are now able to find every Medicare Advantage and Prescription Drug Plan available for 2015.  When I started the Medicare Plans site, my goal was to be able to bring you the ability to search and find any Medicare plan that was available.  This process was a long and difficult one, but now the […]


Formulary List Do’s and Don’ts

When it comes to Medicare, the one thing you can NOT overlook is the Formulary list that is provided by the insurance company.  Many times we find ourselves caught up in copays and provider networks that we forget to do one of the most important things.  Check the plan’s formulary list to make sure your […]