Wal-Mart Stores (WMT) and Humana (HUM) are teaming up to offer a Medicare prescription drug coverage plan that they say will be the cheapest on the market.

Premiums for the Humana Walmart-Preferred Rx Plan will be $14.80 a month, less than half the average premium for Medicare prescription drug plans this year, the companies said in a statement.

"We know every dollar counts, especially when you live on a fixed income. We believe no one should have to choose between buying their groceries or their medications," said John Agwunobi, president of Walmart's health and wellness division.

The new plan will be available in 2011 in all 50 states plus Washington, DC.

Some generic drugs will also be available for co-payments as low as $2 when using Wal-Mart and Sam's Club pharmacies.

Increase your money and finance knowledge from home

Finding Stock Ideas

Learn to do your research and find investments.

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum


Filter by:

My dad took hydrocodone which he obtained after subscribing to findrxonline; is a site showing people where they can buy such narcotics even without a prescription and I like to warn everyone never to use this site or buy prescription drugs unless prescribed properly and obtained from a real pharmacy. While the drugs indeed arrived and alleve pain this effect is very short lived and cannot compensate for the negative side which was that my dad became addicted and consequently spent all money on Lortab (a brand name for hydrocodone/apap) which was the only thing important to him and he even betrayed his family over it. Please be careful with these drugs, they can throw your future away and part you from your family as happened to my dad who is now devorced.

December 22 2010 at 3:01 PM Report abuse rate up rate down Reply

I'm paying $30/mo. for my present coverage. I don't require any prescription drugs. I'm signing up with Wally. Five years at $30/mo = $1800 when I could have paid $888 with Wally. That's $912 I poured down the rat hole to the insurance tycoons. If I start needing any drugs and the Walmart plan savings fade (meaning the deductible becomes a factor), I can always change in any given year during the allowed time for such. For now, I'm going with Wally just to send a message to the insurance folks that they had better stay alert, they're no longer the only game around.

November 19 2010 at 8:40 PM Report abuse rate up rate down Reply

Hey tell the whole story you left out the $310.00 deductible for the plan. What deductible means is the plan pays nothing until the deductable is meant. Its great if you don't need to use it. Do the math $310.00 divided by 12 months plus the premium of $14.80 per month equals $40.63 per month. Does you current plan have no deductible the average plans are $35.00 a month with no deductable. Find yourself and independent agent who has more than one plan. Please correct your article this is why the public has such an ill opinion of insurance agents.

October 19 2010 at 9:27 AM Report abuse rate up rate down Reply


October 01 2010 at 10:16 AM Report abuse rate up rate down Reply