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Farm Bureau Select Rx 2020 Coverage

Farm Bureau Select Rx is a prescription drug plan approved by Medicare. This plan offers a large network of pharmacies, which have contracted with the plan to provide your covered prescription drugs at negotiated prices. There are certain pharmacies that have agreed to special pricing, known as Preferred Cost-Sharing Pharmacies. Your copayment and coinsurance will be lower when you use a Preferred Cost-Sharing Pharmacy. Generally, the plan does not cover prescription drugs purchased at an out-of-network pharmacy.

Farm Bureau Select Rx includes two Preferred Cost-Sharing Pharmacies: Kroger and Walmart.

Farm Bureau Select Rx does not have a deductible and coverage begins with the initial coverage stage. The monthly premium for Farm Bureau Select Rx is $100.40.


Initial Coverage Stage

You will pay the following copayments or coinsurance when using a Network Pharmacy.

Copayment/
Coinsurance
Preferred Cost-Sharing
Pharmacy
Network Pharmacy
(Standard Cost-Sharing)
Tier Level 30-Day Supply 90-Day Supply 30-Day Supply 90-Day Supply
Tier 1 – Preferred Generic $1 $3 $8 $24
Tier 2 – Generic $6 $18 $13 $39
Tier 3 – Preferred Brand $35 $105 $45 $135
Tier 4 – Non-Preferred Brand 35% of drug cost 35% of drug cost 50% of drug cost 50% of drug cost
Tier 5 – Specialty 33% of drug cost 33% of drug cost 33% of drug cost 33% of drug cost

If you use the Plan’s Mail Order Pharmacy, your copays and coinsurance will be the same as the Preferred Cost-Sharing Pharmacy copays and coinsurance.

When using a network Long Term Care Pharmacy, the Network Pharmacy copayments and coinsurance apply to a 31-day supply.

When using a network Home Infusion Pharmacy, the Network Pharmacy copayments and coinsurance apply to a 30-day supply.

Coverage Gap Stage

This stage begins when your drug costs total $4,020.

Medicare’s Coverage Gap Discount Program provides 70% manufacturer discounts on brand name drugs.

During the Coverage Gap:

  • You pay 25% of the cost of the drug and the Plan pays 5% for brand name drugs; and
  • You pay 25% of the cost of the drug and the Plan pays 75% for generic drugs.

Catastrophic Stage

This stage begins when your out-of-pocket costs reach $6,350.

During the Catastrophic Stage your share of the cost of covered drugs will be either copayment or coinsurance, whichever is the larger amount:

  • 5% of the cost of the drug; or
  • $3.60 for generic drugs and $8.95 for all other drugs.

The following plan documents will help you find more information about Farm Bureau Select Rx. All documents are PDF (Portable Document Format) and can be viewed with Adobe Reader. If you don’t already have this viewer on your computer, download Adobe Reader for free from the Adobe website.

Summary of Benefits (PDF) The Summary of Benefits provides an overview of the plan benefits.
Annual Notice of Change (PDF) The Annual Notice of Change is a notice sent to all members in September each year to explain the changes effective in the next plan year.
Enrollment Form (PDF) If you would like to enroll for one of our plans, you can complete the Enrollment Form and mail it to us.
Evidence of Coverage (PDF) The Evidence of Coverage explains your plan benefits, your rights and responsibilities, and provides you with important contact information.
Pharmacy Directory (PDF) The Pharmacy Directory provides you with a list of network pharmacies and their locations.
Comprehensive Formulary (PDF) The Comprehensive Formulary is the list of drugs covered by this plan. The formulary also tells you if a drug is restricted.
Prior Authorization Criteria (PDF) The Prior Authorization Criteria explains what is needed to review certain drugs that require prior authorization.
Step Therapy Criteria (PDF) The Step Therapy Criteria explains what is needed to review certain drugs that require step therapy.
Quantity Limits Criteria (PDF) The Quantity Limits Criteria explains what is needed to review certain drugs with quantity limits.
CMS Star Ratings (PDF) The Medicare program uses a 5 star system to rate all prescription drug plans based on quality and performance.

Ready to Enroll?

Farm Bureau Health Plans is proud to offer two Medicare Part D prescription drug plans at an affordable cost.

Get started by calling 844-368-8738 (TTY 711)