There's An Easier, More Affordable Way to Provide Great Rx Benefits to Your Retirees
FLEXIBLE EMPLOYER GROUP WAIVER PLANS
As the cost of prescription medication continues to increase and more people rely on them for their care, prescription coverage is an affordable and appreciated benefit to offer your retiring employees. One of the most cost-effective ways to do this is with an Employer Group Waiver Plan (EGWP). An EGWP is a Medicare Part D prescription drug plan (PDP). A wrap can be added to an EGWP to mirror an employer’s current plan or customize it to meet their needs.
- Direct plan management, administration and compliance with the Centers for Medicare & Medicaid Services (CMS)
- CMS subsidies and manufacturer rebates to reduce plan costs
- Zero paperwork filing for the employer
- Customizable plans to meet an employers' unique needs, ranging from risk-free fully insured to fully self-funded options
An EGWP allows employers to budget for drug costs effectively and affordably, without affecting retiree benefits. To learn more about our EGWP solutions, complete the form to the right.