Cigna Medicare Part D 2022 Review

Cigna is the fifth-largest firm providing Medicare Half D plans

^[0]

Should you’re on the lookout for a high-coverage Medicare Half D plan, Cigna gives among the lowest costs, on common. General star scores from the Facilities for Medicare & Medicaid Companies for Cigna’s stand-alone Medicare Half D plans are about common.

Right here’s what it’s best to learn about Cigna Medicare Half D prescription drug plans.

Cigna Medicare Half D professionals and cons

Medicare prescription drug plans from Cigna have benefits and drawbacks.

Obtainable Medicare Half D prescription drug plans

Medicare beneficiaries with Authentic Medicare (Half A and/or Half B) can buy a Medicare Half D plan for prescription drug protection. Half D plans are offered by personal insurance coverage corporations. The prices and protection can fluctuate considerably, so it’s vital to match choices.

For 2022, Cigna has decreased its vary of choices for prescription drug plans, or PDPs, from six to a few. It has consolidated earlier years’ Specific Scripts branded plans into comparable Cigna plans. Whereas fewer plans can be found, all of Cigna’s PDPs nonetheless have $0-copay choices for sure medicines in the event that they’re bought by means of a qualifying mail order.

• Cigna Safe Rx: Cigna describes this plan as “fundamental protection” and an excellent match for Medicare beneficiaries receiving monetary help by means of Medicare’s Further Assist program. The Cigna Safe Rx plan is on the market with a $0 premium for beneficiaries with full Further Assist low-income subsidies in all markets besides California and Puerto Rico.

• Cigna Important Rx: Cigna describes this plan as “modest protection and nice worth.”

• Cigna Further Rx: Cigna describes this plan as “a really excessive stage of protection” with “low out-of-pocket prices.”

Cigna Medicare Half D service space

Cigna gives all three of its stand-alone Medicare Half D plans in all of its markets.

A formulary is an inventory of the prescribed drugs lined by an insurance coverage plan. The plans usually set up totally different varieties of medicine into tiers in line with the price of the medicine.

Every tier has copay or coinsurance necessities. You’ll usually pay extra for medicine listed in increased tiers as much as Tier 4, however Tier 5 specialty medicine have a decrease coinsurance requirement than Tier 4 medicine. Tier 6 medicine have the bottom out-of-pocket prices.

The medicine included in tiers and what you’ll pay for every tier relies on your selection of prescription drug plan and how much pharmacy you utilize. For instance, Cigna plans usually have the bottom copays for 90-day provides from their most well-liked mail-order pharmacies. Retail pharmacies and smaller portions from most well-liked mail-order pharmacies usually have low copays, and also you’ll pay extra at a typical (non-preferred) pharmacy.

All three of Cigna’s plans haven’t any deductible for medicine in Tier 1 and Tier 2. The Safe Rx and Further Rx plans additionally waive the deductible for sure different medicine.

Some plans provide $0 copays for Tier 1 or Tier 6 medicine, whereas different tiers have coinsurance necessities that may rapidly get costlier. In consequence, it’s vital to verify the place your medicines and pharmacies fall on every plan’s formulary.

You possibly can enter your medicines and pharmacy data on Cigna’s web site to see which medicine are lined and overview your estimated prices with totally different plan choices.

Cigna Medicare Half D star scores

Common Half D star ranking: 3.75

The Facilities for Medicare & Medicaid Companies charges Medicare Half D plans on 12 high quality measures. (You’ll find definitions for every of those elements within the CMS Star Rankings Technical Notes.)

These scores use a 5-point scale the place 5 is the very best and 1 is the worst. The company bases its scores on drug plans’ high quality of service and buyer experiences, and scores are up to date yearly.

Primarily based on the latest yr of knowledge, stand-alone Cigna plans get a median of three.75 stars. The 2022 common for all stand-alone Medicare Half D plans from all suppliers, weighted by enrollment, was 3.7 stars

^[0]

Stand-alone Medicare Half D plans from Cigna outperformed the nationwide common on six Half D measures, however fell behind the nationwide common on the opposite six measures.

The American Buyer Satisfaction Index, or ACSI, charges client satisfaction with services based mostly on a scientific mannequin developed on the College of Michigan. Rankings are derived from surveys that measure customers’ expectations and perceived high quality and worth of services.

In 2021, Cigna scored 68 out of 100 on the ACSI medical health insurance satisfaction benchmark

^[0]

AM Finest is a credit standing company that makes a speciality of the insurance coverage trade. In March 2021, AM Finest affirmed its Monetary Energy Ranking, or FSR, of A (Wonderful) for Cigna Corp., together with its U.S. life/well being subsidiaries and well being upkeep organizations

^[0]

An A ranking on this class signifies that AM Finest believes Cigna has a wonderful capacity to satisfy its ongoing insurance coverage obligations.

Cigna, headquartered in Bloomfield, Connecticut, was created in 1982 when Connecticut Normal Corp., or CG, and the Insurance coverage Firm of North America — generally known as INA — merged. Cigna gives medical health insurance for people and households, dental insurance coverage, Medicare Benefit and Half D plans, Medicare Complement Insurance coverage, and different insurance coverage protection resembling entire life and most cancers remedy insurance coverage. The corporate additionally gives insurance coverage for companies. In 2021, Cigna posted $174.1 billion in adjusted revenues.

Discover the proper Medicare Half D prescription drug plan

The interactive device on Medicare.gov might help discover a Medicare Half D plan that covers your prescriptions and examine prices amongst Medicare Half D and Medicare Benefit plans accessible to you.

Listed below are some issues to remember when evaluating plans:

• Verify the formulary: You’ll need to make sure that the medicines you presently take and, importantly, any you suppose you may want sooner or later, are lined underneath every of the plans you’re contemplating. Speak to your well being care suppliers about what brand-name and generic medicines to search for and any options which will additionally work in case you may’t discover your present medicines on the plans accessible in your space.

• Search for plan modifications: Formularies change steadily. Your insurer ought to ship you a Discover of Plan Change when the formulary modifications. Learn this doc fastidiously.

• Verify the pharmacy community: Most Medicare Half D plans negotiate with a community of pharmacies for the bottom price. Verify to see in case your pharmacy or an equally handy one is within the plan’s community. Additionally, examine costs for utilizing mail order.

In case your plan does change, and the change impacts the prescribed drugs you want, you may change plans throughout Medicare’s open enrollment interval, Oct. 15 to Dec. 7. Adjustments go into impact on the next Jan. 1.