Medicare Part D Plans Expanding Five-Tier Formularies, Preferred Networks In 2013

A review of Part D plan design trends among the leading sponsors shows that Humana has switched to five-tier formularies, UnitedHealth is using a preferred pharmacy network and CVS Caremark is sponsoring plans that include community-based independents in its preferred network.

The leading Medicare Part D prescription drug plans are expanding the use of two cost-saving measures in 2013, the use of five-tier formularies and preferred pharmacy networks, based on an analysis by “The Pink Sheet” DAILY of benefit information released by sponsors.

Sponsors were allowed to begin marketing their Part D plans Oct. 1 in anticipation of the start of open enrollment...

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