SilverScript Medicare Part D Prescription Drug Plans (2024)

Summary: SilverScript Medicare Part D plans help cover the costs of prescription medications. SilverScript plans are available in all 50 states and offer plans with low premiums and quality benefits. There are three SilverScript plans to choose from, each with varying levels of coverage. Estimated Read Time: 10 min

Table of Contents:

1. What is SilverScript?
2. SilverScript Additional Benefits
3. Who Owns SilverScript?
4. Is SilverScript Part of Aetna?
5. Aetna SilverScript Prescription Drug Plans
6. SilverScript Formulary 2024
7. SilverScript Drug Prices for 2024
8. Is SilverScript a Good Drug Plan?
9. How Much Does SilverScript Cost per Month?
10. What Pharmacies Does SilverScript Use?
11. SilverScript Mail Order Pharmacy
12. How To Sign Up for SilverScript
13. How Do I Pay SilverScript Online?
14. SilverScript Payment Portal
15. SilverScript Reviews
16. How to Apply for Medicare Part D Through SilverScript

SilverScript is a Medicare Part D carrier with plans available in all 50 states. The company offers comprehensive Medicare Part D prescription drug plans with extensive coverage for certain prescription drugs.

Millions of Medicare enrollees utilize SilverScript prescription drug benefits each year. With some of the most affordable prescription drug plan premiums on the market, SilverScript may be a good option for those on Medicare who want a Medicare Part D plan that won’t break the bank.

Below, we review SilverScript Medicare Part D plans and how they can help you cover the cost of prescription drugs.

What is SilverScript?

SilverScript is a private Medicare Part D insurance company that offers prescription drug coverage to those with Original Medicare. The carrier offers coverage options in all 50 states and Washington D.C.

SilverScript offers three different coverage choices to those eligible for Medicare Part D. Each plan offers a different premium and formulary for prescription drugs. To determine which plan best first your needs, you should compile a list of your prescription drugs and compare them to each plan’s formulary.

Medicare Part D plans through SilverScript offer a range of premiums and copays to meet almost any budget, depending on the plan you choose and the medications you require. Further, these plans provide coverage at thousands of pharmacies nationwide.
Even with changes to the SilverScript formulary each year, prescription drug plans through this carrier provide comprehensive coverage and competitive prices.

SilverScript Additional Benefits

When you enroll in a SilverScript Medicare Part D plan, you are provided with a wide range of benefits. These benefits do vary based on your location and the silver script plan you enroll in. However, across the board, some of the most significant SilverScript benefits include:

• $0 copays for preferred generic drugs on select plans
• $0 copays for most Medicare Part D covered vaccines
• $35 copay for one month supply of all covered insulins
• Low monthly premiums
• Access to more than 65,000 pharmacies
• Cost savings for 90-day mail-order refills
• Formularies that cover the majority of Medicare-prescribed drugs

Who Owns SilverScript?

SilverScript is a Medicare Part D carrier acquired by CVS Health in 2019. CVS Health is one of the nation’s largest pharmacy innovation companies with a mission to help its clients obtain better healthcare.

With close to 10,000 retail locations and over 1,000 walk-in clinics across the country, CVS Health offers convenient healthcare close to home for many Americans. Acquiring SilverScript has allowed CVS Health to expand its reach in the healthcare industry by venturing into Medicare Part D.

Is SilverScript Part of Aetna?

In January 2020, SilverScript Medicare Part D plans merged with Aetna. When the companies merged under the guidance of their parent company, CVS Health, members experienced plan changes in costs and benefits.

When the two companies merged, there was no interruption in coverage. Those originally on an Aetna or SilverScript Medicare Part D plan automatically transitioned to one of the three Aetna SilverScript Medicare Part D plans.

Aetna SilverScript Prescription Drug Plans

If you would like to enroll in an Aetna SilverScript Prescription Drug Plan, there are three different Medicare Part D plans offered:

1. SilverScript SmartSaver
2. SilverScript Choice
3. SilverScript Plus

When comparing SilverScript drug plans, you should know the following information.

• Your prescription medication(s) and dosage(s)
• How often you take your medication(s)
• Out-of-pocket expenses, such as copays
• How much you are willing to pay in annual deductibles

By creating a game plan at the start of your Medicare Part D plan search, you can ensure you get the prescription drug coverage you need. Everyone has their own list of medications, and it’s important to enroll in benefits that cover them specifically. Each Medicare Part D plan has its own list of covered drugs, known as its formulary, and you’ll need the information above to better understand which plan is suitable for you.

SilverScript SmartSaver PDP

The SilverScript SmartRx (PDP) is now known as SilverScript SmartSaver (PDP). This is a lower premium option with a $0 Tier 1 deductible. Also, Tier 1 drugs do not require a copay on this plan when using a SilverScript preferred pharmacy, making it an excellent choice for those with only generic medications.

Key takeaways about the SilverScript SmartSaver Rx:

• Lowest national average Medicare Part D premium
• $0 deductibles and copays as low as $0 for 30-day supplies at preferred pharmacies

Those who take few medications or all generic prescriptions benefit the most from the SilverScript SmartSaver PDP. Thus, SilverScript SmartSaver is suitable for those who are generally healthy and active. As the plan with the lowest monthly premium nationwide, this coverage is great for those who wish to avoid the Medicare Part D late enrollment penalty.

SilverScript Choice PDP

The SilverScript Choice (PDP) offers extensive prescription drug coverage. This policy has a $545 deductible that applies to all drug tiers.

SilverScript Choice PDP also includes delivery of your Tier 1, 2, and 3 prescriptions. This is an excellent plan for those taking low to mid-tier medications and generics.

Key takeaways about the SilverScript Choice:

• Copays as low as $2 when using preferred pharmacies
• $0 premium and low cost-sharing if you qualify for Extra Help
• Note: the cost-sharing responsibilities of this plan will vary depending on where you live

Those who take brand-name or Tier 1 drugs can benefit from the SilverScript Choice PDP. This option is suitable for those who wish to have low copays for common prescriptions.

While it is not the best plan for everyone, those whose prescriptions change over time may benefit the most from this option.

SilverScript Plus PDP

The SilverScript Plus (PDP) offers a $0 deductible for medications on Tier 1 and Tier 2 drugs. The policy has even more drug coverage than the SilverScript Choice (PDP), and you can get your prescription drugs delivered at no additional cost. This prescription drug plan is a fantastic option for those who take high-tier drugs.

Key takeaways about SilverScript Plus:

• More drugs that Medicare Part D covers are on the formulary
• A variety of prescription minerals, vitamins, and erectile dysfunction drugs

Those who take high-tier and specialty medications can benefit from SilverScript Plus (PDP). Also, if you take several medications or have health conditions that require expensive drugs, you may benefit from this plan.

However, this is not your best policy if you take primarily generic drugs. Low-cost, typical drugs are more expensive on this plan due to the formulary. Working with a licensed Medicare agent can help you compare coverage options and choose the best Medicare Part D plan available for your medication.

SilverScript Formulary 2024

Aformularyis a master list of prescription drugs that have coverage under a specific policy. You can find the formulary for each plan on SilverScript’s website or when speaking to a licensed Medicare agent to help you make sense of plan details.

When shopping for prescription drug coverage, you should know your medications and how the available Medicare Part D plans in your area would cover them. This way, you can enroll in a plan that covers the prescriptions you need.

Sometimes a Medicare Part D plan may not cover your specific medication. However, a formulary alternative could be available. Your doctor may consider a replacement if they feel it’s appropriate. Otherwise, you could request a formulary exception, which means your drug may receive coverage from the plan with approval.

SilverScript may make occasional changes to its formularies, so reviewing your prescription drug coverage each year during the Annual Enrollment Period is essential. Doing so will ensure you receive the right coverage year after year.

Review the SilverScript prescription drug formulary below to understand the costs associated with each drug tier for SilverScript-covered drugs.

SilverScript Drug Prices for 2024

The following drug prices reflect the SilverScript formulary for a one-month prescription at a preferred retail pharmacy.

Is SilverScript a Good Drug Plan?

SilverScript is one of the most common brands offering Medicare Part D plans available. In addition to being one of the popular brands in terms of enrollment, the policies also provide extremely low drug costs and monthly premiums.

Depending on your prescriptions, SilverScript tends to be a great option when you compare prices for generic and low-tier drugs. For more expensive medications, it is vital to research and compare plans, as there may be a more cost-effective option depending on your prescription drugs.

Overall, SilverScript continues to be one of the most commonly enrolled options for Medicare Part D prescription drug plans.

How Much Does SilverScript Cost per Month?

Each SilverScript Medicare Part D plan has a different monthly premium. So, your monthly cost will depend on the plan you enroll in. Like other insurance options, the level of benefits directly correlates to the monthly premium of the plan. Thus, plans with fewer benefits have a lower monthly premium than plans with extended benefits.

Additionally, SilverScript monthly premiums may vary by ZIP Code, which means you may pay more or less than your relative on the same plan in another town or even another state. However, SilverScript Medicare Part D plans historically have low to average monthly premiums for their plan options.

Here is how each Aetna SilverScript drug plan breaks down:

Monthly Average Premium in 2024:

• SilverScript SmartSaver (PDP) is $11.19 per month on average.
• SilverScript Choice (PDP) is $46.59 per month on average.
• SilverScript Plus (PDP) is $103.51 per month on average.

Remember, your premium may vary based on your location.

There are several factors that go into the cost of your Medicare Part D coverage, and SilverScript is no different. You’ll note, however, that two of the largest factors that remain universal are location and plan type. When it comes to monthly expenses, the cost of your Aetna SilverScript Medicare Part D prescription drug plan is more than just monthly premiums. There are other considerations, including your deductible, the pharmacy you prefer to utilize, and the cost of receiving a 30-day prescription for your medication.

What Pharmacies Does SilverScript Use?

SilverScript allows you to utilize thousands of pharmacies nationwide to receive your prescription drugs. The SilverScript pharmacy network includes over 23,000 preferred pharmacies in the United States. Most chain pharmacies will accept your SilverScript Medicare Part D coverage.

However, not all pharmacies are preferred. A preferred pharmacy allows you to receive the drug at the lowest cost possible. Standard network pharmacies still provide coverage at a slightly higher price than preferred pharmacies, and out-of-network pharmacies will likely not accept your SilverScript plan.

Aetna SilverScript Preferred Pharmacies 2024

• CVS
• Kroger
• Publix
• Plus, various local pharmacies nationwide

In total, there are more than 23,000 Aetna SilverScript preferred pharmacies throughout the United States for all three plans.

SilverScript Standard Pharmacies

• Walgreens (Select plans only)
• Sam’s Club
• Plus, various local pharmacies nationwide

There are more than 23,000 SilverScript standard pharmacies for those enrolled in a SilverScript Medicare Part D plan across the U.S.

Utilizing a preferred pharmacy is vital to receiving drugs at the lowest cost. To better understand how pharmacies near you are categorized, the pharmacy search tool is a great resource to help you on your journey.

SilverScript Mail Order Pharmacy

Many people prefer utilizingmail-order pharmacyservices. Mail-order can be especially beneficial when you cannot leave your house to pick up prescriptions. Depending on your prescriptions and the SilverScript plan you choose, mail-order pharmacy may be available to you.

When you opt-in to receive your drugs through the mail-order pharmacy, you can get up to 90-day prescriptions. Thus, it allows you to reduce hassle by decreasing the number of times you must order your medications.

Anyone with a SilverScript Rx plan can utilize the mail-order pharmacy. TheCOVID-19 pandemichas taught us that convenience does not have to be forced. Mail-order pharmacies do just that. They allow you the comfort and peace of mind that your drugs will always arrive on time.

How To Sign Up for SilverScript

To enroll in a SilverScript Medicare Part D plan, it is essential to speak with a licensed agent who has access to the carrier and is familiar with each plan’s benefits. Before enrolling in a SilverScript plan, you’ll want to be sure the plan has the best benefits for your needs compared to other available plans in your area. While speaking with an agent, you can ensure the coverage you choose will provide your prescriptions at a low cost.

Ultimately, your prescription drugs will determine which Medicare Part D plan is suited for you. Once you choose a policy, you must provide your Medicare card and other demographic information to complete the application.

If this is your first time enrolling in Medicare, your Medicare Part D plan becomes effective with your Medicare Part A and/or Part B. If you sign up during the Annual Enrollment Period, your new coverage will begin on January 1.

Remember, if you have a Medicare Advantage plan, you may not be able to enroll in a SilverScript Medicare Part D plan. In most cases, you can only enroll in Medicare Part D if you have Original Medicare, with or without a Medicare Supplement plan. This is because a majority of Medicare Advantage plans provide their own prescription drug coverage.

How Do I Pay SilverScript Online?

Paying for your SilverScript Medicare Part D plan is easily done online. Most people who enroll in Medicare Part D decide to have the monthly premium automatically deducted from their Social Security check each month. This way, they will never accidentally miss a payment and lapse their coverage.

If you do not receive Social Security or do not wish to have your payment automatically deducted, you can pay your monthly premium online. To do so, you will need to visitAetnaMedicare.comand create a log-in. From there, you can pay your bill, check your claims, and more.

SilverScript Payment Portal

SilverScript has a unique and convenient online portal through CVS Caremark. Caremark is an online platform that allows you to check your pharmacy benefits and more.

The portal also allows you to:

• Review current prescriptions
• Check on the status of your order
• Review your drug coverage
• Check on medication costs.

TheCaremark portalwill let you gain valuable information with ease. In addition, the Caremark portal also lets you order drugs through the online pharmacy.

Through the portal, you can check and compare your drug costs, view your savings opportunities, understand your plan benefits, review coverage details, and find answers to SilverScript FAQs.

SilverScript Reviews

SilverScript offers 24-hour customer service and many online tools to help you successfully navigate your prescription drug plan.

SilverScript earns a B+ rating through the Better Business Bureau for customer reviews. Several customer reviews mention the low drug costs and affordable monthly premiums as selling points for this company.

How to Apply for Medicare Part D Through SilverScript

When you’re ready to sign up for a SilverScript plan, we’re here to help make the process as easy as possible. Our licensed Medicare agents will walk you through the online application to ensure it is correct the first time. From there, our customer care team will take care of any issue that may arise during the process or even after you are enrolled in the plan.

To get started with your SilverScript Medicare Part D plan today, give us a call at the number above, or complete ouronline rate form. We look forward to finding the most suitable Medicare Part D coverage for you!