Content about Medicare Advantage

February 5, 2013

Money is a powerful motivator. Look no further than the sports world for validation. The PGA’s FedEx Cup encourages golfers to earn “points” towards participation in playoffs that offer a big season-ending payoff. Tennis has a similar format with the U.S. Open Series where performance in a series of events equates to a huge prize purse. Both instances use hefty prize money to help ensure the top performers participate and at high levels. The Centers for Medicare and Medicaid Services (CMS) have applied this sports theory to its rankings system of Medicare Advantage (MA) and Prescription Drug Plans (PDP) plans. And there’s billions of dollars up-for-grabs for healthcare plans.

Money is a powerful motivator. Look no further than the sports world for validation. The PGA’s FedEx Cup encourages golfers to earn “points” towards participation in playoffs that offer a big season-ending payoff. Tennis has a similar format with the U.S. Open Series where performance in a series of events equates to a huge prize purse. Both instances use hefty prize money to help ensure the top performers participate and at high levels.

February 12, 2014

A Medicare proposed rule change limiting the number of prescription drug plans that insurers may offer in the Part D market could require 39% of all enhanced plans to be eliminated in 2016, according to an analysis from Avalere Health that was released Wednesday.

WASHINGTON — A Medicare proposed rule change limiting the number of prescription drug plans that insurers may offer in the Part D market could require 39% of all enhanced plans to be eliminated in 2016, according to an analysis from Avalere Health that was released Wednesday. The change, which limits standalone PDP sponsors to one basic and one enhanced plan per region, was proposed by the Centers for Medicare and Medicaid Services in a January proposed regulation. 

October 15, 2013

CVS/pharmacy is offering its senior patients a new way to compare Medicare Part D prescription drug plans during the annual enrollment period from Oct. 15 to Dec. 7, the pharmacy retailer has announced.

WOONSOCKET, R.I. — CVS/pharmacy is offering its senior patients a new way to compare Medicare Part D prescription drug plans during the annual enrollment period from Oct. 15 to Dec. 7, the pharmacy retailer has announced.
 

October 14, 2013

More than three-quarters of Medicare beneficiaries don't compare drug prices when shopping for their health plans, according to a new study.

MOUNTAIN VIEW, Calif. — More than three-quarters of Medicare beneficiaries don't compare drug prices when shopping for their health plans, according to a new study.

The study, conducted by eHealth, found that 78% of respondents don't compare prices, but that the average beneficiary could have saved more than $600 this year on out-of-pocket prescription drug costs if he had. The study was based on an analysis of more than 450,000 unique visitor sessions during Medicare's 2013 Annual Enrollment Period.

October 1, 2013

Rite Aid will help elderly people and their caregivers prepare for the annual Medicare Part D enrollment starting in two weeks, the drug store chain said Tuesday.

CAMP HILL, Pa. — Rite Aid will help elderly people and their caregivers prepare for the annual Medicare Part D enrollment starting in two weeks, the drug store chain said Tuesday.

Rite Aid said its stores around the country would offer Medicare Advisor to help Medicare beneficiaries and caregivers find the plan that suits them best starting on Oct. 15.

October 1, 2013

Health insurer WellPoint said Tuesday that most of its affiliated Medicare drug plans and medical plans with drug coverage will participate in a preferred pharmacy network that includes Rite Aid, Kroger and Walmart pharmacies.

INDIANAPOLIS — Health insurer WellPoint said Tuesday that most of its affiliated Medicare drug plans and medical plans with drug coverage will participate in a preferred pharmacy network that includes Rite Aid, Kroger and Walmart pharmacies.

Together, WellPoint said, members had access to more than 11,000 locations around the country. The preferred pharmacy network is part of all of WellPoint's affiliated Part D standalone prescription drug plans and most of its Medicare Advantage Prescription Drug Plans.

September 3, 2013

With the window for Medicare enrollment opening on Oct. 15 and running through Dec. 7, Cardinal Health on Tuesday launched a customizable Medicare Enrollment Toolkit to help its retail pharmacy customers educate the rapidly growing Medicare-eligible population about coverage options.

DUBLIN, Ohio — With the window for Medicare enrollment opening on Oct. 15 and running through Dec. 7, Cardinal Health on Tuesday launched a customizable Medicare Enrollment Toolkit to help its retail pharmacy customers educate the rapidly growing Medicare-eligible population about coverage options. 

March 29, 2013

A new Medicare Chronic Conditions Dashboard announced today by Marilyn Tavenner, acting administrator of the Centers for Medicare and Medicaid Services, furthers the Patient Protection and Affordable Care Act’s goals for health promotion and the prevention and management of multiple chronic conditions.

WASHINGTON — A new Medicare Chronic Conditions Dashboard announced today by Marilyn Tavenner, acting administrator of the Centers for Medicare and Medicaid Services (CMS), furthers the Patient Protection and Affordable Care Act’s goals for health promotion and the prevention and management of multiple chronic conditions.

February 11, 2013

Organizations representing more than 60 accountable care organizations from more than 15 states have come together to form the National Association of ACOs, a 501(c)(6) nonprofit organization that allows ACOs to work together to increase quality of care, lower costs and improve the health of their communities.

WASHINGTON — Organizations representing more than 60 accountable care organizations from more than 15 states have come together to form the National Association of ACOs, a 501(c)(6) nonprofit organization that allows ACOs to work together to increase quality of care, lower costs and improve the health of their communities. Membership is expected to exceed 100 ACOs by April, representing more than 2 million Medicare assigned beneficiaries.

October 15, 2012

With the start of Annual Enrollment Period on Monday for Medicare Part D prescription drug plans, CVS/pharmacy has announced that it is ready to help pharmacy patients who are enrolling in Medicare Part D for the first time or want to make a change to their current coverage plan.

WOONSOCKET, R.I. — With the start of Annual Enrollment Period on Monday for Medicare Part D prescription drug plans, CVS/pharmacy has announced that it is ready to help pharmacy patients who are enrolling in Medicare Part D for the first time or want to make a change to their current coverage plan. 

October 15, 2012

Rite Aid is making its pharmacists available free of charge to seniors and their caregivers for personalized Medicare Part D consultations.

CAMP HILL, Pa. — Rite Aid is making its pharmacists available free of charge to seniors and their caregivers for personalized Medicare Part D consultations. Seniors can also use Rite Aid's dedicated Medicare Advisor comparison tools online at RiteAid.com/medicareadvisor.

October 15, 2012

Walgreens will be offering free, personalized Part D plan comparison reports to help beneficiaries identify the plan that best meets their prescription drug needs, the retail pharmacy operator announced Monday.

DEERFIELD, Ill. — Walgreens will be offering free, personalized Part D plan comparison reports to help beneficiaries identify the plan that best meets their prescription drug needs, the retail pharmacy operator announced Monday. Plan reviews are available on a walk-in basis or by scheduling an appointment at Walgreens.com/medicare, Walgreens stated.

October 1, 2012

SilverScript Insurance, a CVS Caremark company, announced on Monday that a variety of new Medicare prescription drug plan options are available for 2013.

WOONSOCKET, R.I. — SilverScript Insurance, a CVS Caremark company, announced on Monday that a variety of new Medicare prescription drug plan options are available for 2013.