What is SilverScript?
SilverScript Insurance Company is a subsidiary of CVS Health that offers Medicare Part D prescription drug plans. With millions of enrollees, SilverScript is one of the largest Part D plan sponsors in the United States. Plans are available in all 50 states and Washington D.C.
SilverScript Plan Options in 2026
SilverScript typically offers three plan tiers to meet different needs and budgets:
- SilverScript SmartSaver - Low premium, higher cost-sharing. Best for those who take few or no medications.
- SilverScript Choice - Mid-tier plan with moderate premiums and cost-sharing. Covers a broad formulary.
- SilverScript Plus - Higher premium with lower cost-sharing and broader formulary coverage including more brand-name drugs.
Premiums, deductibles, and formularies change each year. Always compare plans during Annual Enrollment Period (Oct 15 – Dec 7) to ensure your medications are still covered at a reasonable cost.
2026 SilverScript Costs
SilverScript plan costs vary by region and plan tier. General ranges for 2026:
| Plan | Est. Monthly Premium | Deductible | Tier 1 Copay |
|---|---|---|---|
| SmartSaver | $0 – $15/mo | Up to $615 | $0 – $5 |
| Choice | $20 – $45/mo | $0 – $615 | $0 – $5 |
| Plus | $50 – $90/mo | $0 | $0 – $5 |
SilverScript Formulary
SilverScript uses a tiered formulary with 5 drug tiers. Tier 1 (preferred generics) and Tier 2 (generics) have the lowest cost-sharing. Tier 3 (preferred brands), Tier 4 (non-preferred brands), and Tier 5 (specialty drugs) have higher cost-sharing. Always check that your specific medications are on the plan's formulary before enrolling.
Formularies can change annually. If your drug is removed from the formulary or moved to a higher tier, you may face higher costs. Review the Annual Notice of Change (ANOC) each fall.
CVS Pharmacy Network Advantage
As a CVS Health company, SilverScript enrollees often benefit from preferred pricing at CVS Pharmacy locations. If you regularly use CVS, SilverScript may offer lower copays compared to other pharmacies in the network.