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What is the AARP Saver Plan?

Latest information for you on the 2010 AARP Saver Plan for Medicare including drugs covered, prices, co-pays, deductibles, and when to enroll.

The AARP Saver Plan is supplemental prescription drug coverage for individuals who have Medicare Part D. The AARP Saver Plan has the most basic coverage of the three AARP prescription drug plans. It is designed for people who have minimal need for prescription drugs, who are willing to take generics, and who do not expect their health needs to change in the near future.

AARP SAVER PLAN COVERAGE

The AARP Saver plan covers most of the generic prescription medicines that are covered under Medicare Part D. The plan also covers some of the lower cost brand name prescriptions. There is a yearly premium of $325.20. This amount can be be paid monthly in the amount of $27.10.

The AARP Saver Plan has an annual deductible of $310 plus a co-pay which varies depending on the cost of the medicine. There are three tiers for co-pays. Tier 1 has a co-pay of $6, Tier 2 has a co-pay of $25, and Tier 3 has a co-pay of $82.75.

Prescriptions can be filled at more than 60,000 pharmacies nationwide. There is also a mail order pharmacy service available. The coverage area includes all 50 states, Washington, DC, and the five U.S. Territories.

AARP SAVER PLAN ENROLLMENT

United Health Care is a private insurance company which has contracted with Medicare to administer the AARP Saver Plan. There are two time periods when you can enroll. The first time period is from three months before your 65th birthday until three months after your 65th birthday. The second time period is from November 15 through December 31. Medicare will impose a late enrollment penalty for any enrollments outside of these two time periods.



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