Medco Medicare Prescription Plan - Value Prescription Plan for Mississippi Medicare Beneficiaries

Medco Medicare Prescription Plan - Value (PDP) Prescription Medication Plan by Medco for Mississippi Seniors with Medicare Benefits.
Overall Plan Rating:This Medicare drug plan has an average rating of 4.0
Monthly Premium:
Pharmacy Co-Pay:$325.00
Coverage Limit (ICL):$2,970.00
Pharmacy Mail Order:Yes
Gap Coverage:No Gap Coverage
Low Income Subsidy:No
Medicare Formulary:3178
PDP ID No:S5660-122
Plan Year:2013
Approved by CMS for: MS Residents
Rx Plan Type:National
Est. Regional Members:1579

2018 Medicare Prescription Medication Plan Overview

Healthy Mississippi Medicare Part D Plan: Medco Medicare Prescription Plan - Value (PDP) S5660-122Medco Medicare Prescription - Value (PDP) is an approved Medicare Prescription Drug Plan (Part D) for Mississippi seniors.

The annual premium is $547.20 ($45.60 monthly), and it carries a $325.00 deductible on all prescribed medications. For 2013, the maximum Part D deductible is $325. It goes up a little each year. It went up $5 from last year.

The Medco formulary ID for this plan is 00012031, and it features 3178 FDA approved medications.

For all Mississippi seniors with Medicare benefits, there are two conditions that can change the amount you pay for your plan. The first is quailfying for the Extra Help program, which lowers your premium. The second is the opposite: if a premium penalty has been imposed on you for not enrolling right away at age 65 open enrollment, then your premium will be marginally higher.

Below are a few plans that are comparable to Medco Medicare Prescription Plan - Value:

Medco Medicare Prescription Plan - Value Initial Coverage

In the ICP (Initial Coverage Phase) the cost of your prescriptions is shared with your insurance company. You and the carrier each pay your share (as determined by the plan) until you reach the Initial Coverage Limit (ICL). In 2013, the ICL is $2,970 and this number changes each year. This plan has a deductible that you must pay before ICP cost-sharing ICP begins.

Each prescription medication is put into a tier within each Medicare Part D plan's drug formulary. Different tiers have different levels of cost-sharing. It's important to note that these tiers are not completely standardiszed and your prescriptions may be found in different tiers on differnt plans. This is why we provide access to all Part D plans' drug formularies, so you can compare what the cost is for your prescription drugs for different Part D plasn in your area.

The pharmacy co-pay with the Medco Medicare Prescription - Value (PDP) plan in Mississippi is tiered as follows:

Tier  Co-Pay AmountMedications in Tier
1$4.00537 Preferred Generics
2$8.001271 Non-Preferred Generics
325%1012 Preferred Brands
440%162 Non-Preferred Brands
525%196 Specialty Medications

The Initial Coverage Limit (ICL) is $2,970.00. This prescription plan does not qualify for the $0 LIS premium.

Medco Medicare Prescription - Value (PDP) 2013 Coverage Gap

The Coverage Gap (aka, "Donut Hole") is the coverage phase where you must pay all of your medication costs. Some plans provide donut hole coverage, and if you think that your drug costs will be high enough to get to this level, you should consider a plan with donut hole coverage. You can learn more about costs in the donut hole by reading What is the Medicare Part D Donut Hole? How long it will take you to reach the donut hole with the Medco Medicare Prescription - Value (PDP) plan depends on your specific prescriptions.

The Gap Coverage with this policy: You must pay the $3727.50.

Plan Members

Nationwide, the number of seniors using the Medco Medicare Prescription Plan - Value policy is 435,331. In region 20 (your region) there are approximately 1,579 people with this policy (based on 2011 CMS statistics).

More Information About Medco

Medco Medicare Prescription Plan is a Medicare-approved Part D sponsor that is offered nationally in 35 Medicare regions, including the District of Columbia and Puerto Rico. This prescription drug plan is underwritten by Medco Containment Insurance Company of New York, an insurance company licensed in New York, and Medco Containment Life Insurance Company, an insurance company licensed or authorized to do business in the states that comprise the other 34 Medicare regions.

The summary (overall) rating for this plan is 4.0 out of 5 based on reviews from 1579 user ratings from the previous year. For more information about the review process, visit

Mississippi Medicare Part D Plans is not associated with the federal government. All plan information provided on this site is collected from public sources (e.g.,, carrier's website, plan brochures, etc.). Rates shown are for comparison purpose only. Contact your Medicare agent or for a binding quote.