Banner Medicare Premier Rx (PDP) Formulary



Below is the 2023 Formulary, or prescription drug list, from Banner Medicare Premier Rx (PDP) by Banner Health Insurance Group. A formulary is a continually updated list of available medications and prescription drug cost information. Examining a plans formulary can help you find a 2023 Medicare Part-D in Arizona plan that covers your prescriptions. It also helps you compare costs among Medicare Part D and Medicare Advantage plans available to you. You’ll want to make sure the medicines you are currently taking are covered under any plans you are considering enrolling in.

This Banner Medicare Premier Rx (PDP)(S3147-003) plan has a $0 drug deductible. The Initial Coverage Limit (ICL) for this plan is $4660. The Initial Coverage Period is the period after the Deductible has been met but before the Coverage Gap phase. Once you and your plan provider have spent $4660 on covered drugs. (Combined amount plus your deductible) You will enter the coverage gap. (AKA "donut hole") Once you reach the coverage gap you will be required to pay 25% of the plan's cost for covered brand-name prescription drugs unless your plan offers additional coverage. You can see if this plan offers coverage in the "donut hole" by clicking the "Coverage Gap" link above the chart.

In 2023 if you have spent $7400 in expenditures you enter the Catastrophic Phase. During the Catastrophic Period you will begin to receive significant coverage. Banner Health Insurance Group will begin paying approximately 95% of your covered medication expenses. You can see if this plan covers your drugs in the Catastrophic Phase by clicking the "Catastrophic" link above the chart.



Plan Overview

Plan Name:Banner Medicare Premier Rx (PDP)
Plan ID: S3147-003
Formulary
Provider: Banner Health Insurance Group
Plan Year:2023
Premium:$87.60
Deductible:$0
Initial Coverage Limit:$4660
Coverage Area:Arizona
Similar Plan:S3147-001


Change Table Options:

Drugs Starting Letter:
Coverage Phase:

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Drug
Name⇅
Tier
Level
Cost
Preferred
Cost
Non
Preferred
Cost
Mail
Limit
Amt/Days
Prior Auth
Y/N
Step
Therapy
Bacitracin Zinc And Polymyxin B Sulfate
2NA$4NANN
Baclofen
2NA$4NANN
Balsalazide Disodium
4NA39%NANN
Balversa
5NA33%NAYN
Baraclude
5NA33%NANN
Bcg Vaccine
3NA$40NANN
Benazepril Hydrochloride And Hydrochlorothiazide
1NA$0NANN
Benztropine Mesylate
2NA$4NAYN
Besremi
5NA33%NAYN
Betamethasone Dipropionate
3NA$40NANN
Betamethasone Valerate
3NA$40NANN
Betaxolol Hydrochloride
3NA$40NANN
Bethanechol Chloride
3NA$40NANN
Bexarotene
5NA33%NAYN
Bexsero
3NA$40NANN
Bicillin C-r 900/300
3NA$40NAYN
Bicillin Cr
3NA$40NAYN
Bicillin L-a
4NA39%NAYN
Biktarvy
5NA33%NANN
Bisoprolol Fumarate
2NA$4NANN
Bisoprolol Fumarate And Hydrochlorothiazide
1NA$0NANN
Boostrix
3NA$40NANN
Bosulif
5NA33%NA30/30YN
Braftovi
5NA33%NA180/30YN
Breztri
3NA$40NA1/30NN
Brilinta
3NA$40NANN
Brimonidine Tartrate
3NA$40NANN
Briviact
5NA33%NA600/30NN
Budesonide
5NA33%NANN
Bumetanide
2NA$4NANN
Buprenorphine
2NA$4NANN
Buprenorphine And Naloxone
3NA$40NA60/30NN
Buprenorphine Hcl
2NA$4NANN
Buprenorphine Hydrochloride And Naloxone Hydrochlo
2NA$4NA90/30NN
Bupropion Hydrochloride
2NA$4NA30/30NN
Buspirone Hydrochloride
2NA$4NANN
Butorphanol Tartrate
4NA39%NA10/28NN
Bydureon Bcise
3NA$40NA4/28YN
Byetta
3NA$40NA/30YN

* Drug Prices and Coverage is for a 30 Day Supply



Additional Notes by Medicare Help:

Coverage Levels for S3147-003

Most plans have 4 levels of coverage. The exception is the $0 Deductible Plans.
1. Pre-Deductable: Before you reach the plans deductible of $0. Some plans offer select Pre-deductible drug Coverage
2. Initial Coverage: (ICL) After you reach the plans deductible but before the Initial Coverage limit of $4660
3. Coverage Gap: (AKA Donut Hole) After you reach the plans ICL but before the Catastrophic of $7400 in 2023.
4. Catastrophic: Anything over $7400 you will receive a significant increase in coverage.

Definitions:

Premium: A monthly flat fee that varies by plan.
Deductible: The amount you must pay each year for your prescriptions before your plan begins to pay its share of your covered drugs. The max in 2022 is $320. Some plans have a $0 Deductible.
Tier Level: Medicare drug plans place drugs into different "tiers" on their formularies. Drugs in each tier have a different cost. A drug in a lower tier will generally cost you less.
Quantity Limit Amount/Days: Certain drugs have a Quantity Limit. That means the plan will only cover the drug up to a designated quantity or amount. If your prescribing doctor feels it is necessary to exceed the set limit, he or she must get prior approval before the higher quantity will be covered.
Prior Authorization: Certain Drugs require you or your doctor to get prior authorization to be covered. Usually just an additional form. If you dont get approval, the plan may not cover the drug.
Does the Deduct Apply: Some drugs do not require that the deductible is met before you receive coverage.
Step Therapy: Means you must first try one drug to treat your medical condition before the plan will cover another drug for the same condition. If you have already tried other drugs or your doctor thinks they are not right for you, you and your doctor can ask the plan to cover this drug.
Cost Preferred: Your Cost for the Drug at the Providers In-Network Preferred Pharmacy. As a Percent of the total drug cost or a flat rate.
Cost Non-Preferred: Your Cost for the Prescription Drug at a Non-Preferred Pharmacy. As a Percent of the total drug cost or a flat rate.
Cost Mail: Your Cost for Prescription Drugs through a Mail Order Pharmacy. As a Percent of the total drug cost or a flat rate.


What if a drug I need is not listed?

Please check the formulary for different brand and generic names. If you still cannot locate your drugs, your plan may not offer coverage. Talk to your doctor first about changing your prescription to a drug on your plan's formulary. If this is not an option, you can request an exception to have the plan review its coverage decision based on your individual circumstances.

Last updated on
Source:CMS Formulary Data Q4 2022
Source:NDC Directory by FDA.gov

**We make every attempt to keep our information accurate. But please check with the plan providers to verify all information.

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