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EGWPInfo
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Assists brokers and plan administrators with retiree pharmacy benefit plans.
Assists brokers and plan administrators with retiree pharmacy benefit plans.

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It's the right time to revisit your clients RDS participation.  Why miss out on an opportunity for you as a broker or adviser to gain more commission while looking like a superstar.  EGWP's (Egg Whips) provide higher reimbursement for Rx costs as well as all but eliminate administrative burden.  They are more tax friendly and pay have a more immediate impact on day to day financials.  So why not get your clients on board?  Read the link to see how you as a broker, adviser or influencer can earn top commissions for bringing your clients a solution they desperately need for their retiree benefits obligations.
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Insurance Brokers helping RDS clients make the switch to an EGWP can earn commissions.

The Medicare RDS is outdated and costly compared with an Employer Group Waiver Plan, and insurance brokers who have the right EGWP +wrap plans can look like a hero to their clients by saving them significant money and providing a higher level of benefit coverage for Medicare Part D eligible retirees now covered under the CMS RDS plan.

If you are an insurance broker or agent with RDS clients, make sure to find out how you can equip yourself with EGWP information that can help your clients and grow your own bottom line.
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Vermont State Retired Employees and Teachers Switch to EGWP for Savings - Full story here: http://egwpinfo.com/2014/03/23/vermont-state-retired-employees-switch-to-egwp/

Savings to amount to over $100M for Vermont's OPEB plan, and annually to between $2.1M to $2.6M in Medicare part D eligible retiree prescription drug plan benefit costs.
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Are you an insurance broker or agent looking to increase your commissions AND help your clients save money and increase their Medicare Part D eligible retiree's prescription benefits?  Find out how agents and brokers with clients who are participating in the CMS Retiree Drug Subsidy (RDS) plan can make the switch to an Employer Group Waiver Plan (EGWP or egg whips) and be a hero to your clients.
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Vermont State Retired Employees and Teachers Switch to EGWP for Savings.  Vermont plans on saving  retirees and the state $2.1 million to $2.6 million annually. In addition, the switch to EGWP will reduce the state's future liabilities for other post-employment benefits by more than $100 million.
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How are seniors going to pay for the 20% to 40% increase in out of pockets expenses due to new CMS changes?
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Is the CMS neglecting its own report that Preferred Pharmacy Networks have costs from 3.5 to 24.1 percent less than non-preferred pharmacies.Where branded drugs worked out to be 3.3 percent less expensive, on a claims-weighted average basis; generics prescriptions were 11 percent cheaper.

The small community pharmacies have lobbied for these changes.  Namely that they be given access to the pricing that the preferred networks get.  Only 11% of Part d recipients would benefit from this expansion, while at the same time the change acts as a disincentive for PPN's to exist.  The economics and competition that spurs lower costs for large networks, will be lost by the changes the CMS has made.

It will result in increased costs for plans and higher premiums for seniors.

Read the entire story in Forbes

http://www.forbes.com/sites/theapothecary/2014/02/01/new-cms-regulations-cutting-your-nose-off-to-spite-your-face/2/

For more on the latest Part D enrollement numbers released by the CMS this January that shows more than 75% of all Medicare Part D enrollees participate in a preferred pharmacy plan, read here: http://www.drugchannels.net/2014/01/for-2014-3-out-of-4-seniors-choose.html#more
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New article from Crain's Business Insurance Magazine cites impending EGWP guidelines may make wraparound "the donut hole" insurance (+wrap) unnecessary for retiree prescription benefits plans.
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Not sure which EGWP Medicare Plan is right for your organization?  Read this informative retiree prescription benefits article that explains the difference between Direct Contract EGWP's, 800 Series EGWP's and EGWP +wrap plans.
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