Reminder: Medicare Beneficiaries Must Make Their Part D Enrollment Selections by December 7 for Coverage That Begins January 1, 2013
October 01, 2012
WPS Health Insurance, Wisconsin's leading not-for-profit health insurer and provider of the state's top-selling Medicare supplemental insurance plans,1 today announces its 2013 Medicare Part D plans, which offer highly rated, competitively priced prescription drug coverage to help Medicare beneficiaries save money on prescription drugs. In 2012, WPS MedicareRx (PDP) plans were rated the top Medicare Part D plans in the state, earning 4.5 out of 5 stars from the Centers for Medicare & Medicaid Services (CMS) for overall quality and service, including a perfect 5 out of 5 stars for drug pricing and patient safety.2
"Quality counts when it comes to prescription drug plans," said Tom Olson, Senior Vice President of Sales and Marketing at WPS Health Insurance. "As the high costs of prescription drugs continue to rise, many Wisconsinites simply cannot afford to be without the protection of a quality drug plan. That's why WPS Health Insurance is so excited to offer new, lower rates on Wisconsin's top-rated Part D plans."
Premiums for the 2013 WPS MedicareRx plans are about 15% lower than last year's plans, making them an outstanding value for Wisconsin Medicare beneficiaries looking for dependable protection at a competitive price.
Today, more than 25,000 Wisconsin Medicare enrollees choose WPS MedicareRx plans, making WPS the leading not-for-profit Part D provider in the state.3
WPS reminds Wisconsin Medicare beneficiaries to make their Medicare Part D plan selections during Medicare's Annual Enrollment Period (AEP), which this year runs from October 15 through December 7.
During Medicare's AEP, all Wisconsin seniors are eligible for WPS MedicareRx plans, regardless of income level or assets, pre-existing conditions, or current prescription expenses. But it is critical for Medicare beneficiaries who are currently enrolled in a plan to make their selections now if they wish to change their coverage for 2013. Once the AEP ends on December 7, seniors will be unable to switch plans until January 2014 unless they qualify for a special enrollment period.
"When making coverage decisions, WPS recommends that individuals choose a plan based on long-term value and benefits," said Olson. "The lowest-cost plan is often not the best choice, and may not even be the most affordable choice if it comes with high out-of-pocket costs or high rate increases after the initial low rate."
WPS has served seniors on Medicare since Medicare began in 1966. Not only is WPS the leading not-for-profit Part D provider in the state, but it is also home to Wisconsin's #1-selling Medicare supplemental insurance plan,1 the WPS Medicare Companion, which today helps nearly 40,000 Medicare beneficiaries fill the gaps in Medicare coverage at competitive premiums.
About WPS Health Insurance
Founded in 1946, WPS is Wisconsin's leading not-for-profit health insurer, offering affordable individual health insurance, family health insurance, high-deductible health insurance, and short-term health plans, as well as flexible and affordable group plans and cost-effective benefit plan administration for businesses. The WPS Medicare division administers Part A and B benefits for millions of seniors in multiple states, and the WPS TRICARE division serves millions more members of the U.S. military and their families. In 2012, the international Ethisphere® Institute named WPS one of the World's Most Ethical Companies for the third straight year. WPS is the only health insurance company to earn this distinction multiple times. For more information about WPS Health Insurance, visit www.wpsic.com.