UnitedHealth Group Announces Medicare Prescription Drug Plan Offerings for 2007
Ovations, the UnitedHealth Group (NYSE:UNH) business dedicated to serving the health and well-being of people age 50 and older, announced today that all of its contracts for the Medicare Prescription Drug Program have been approved by the federal government. Under this authority, UnitedHealth Group through Ovations will again offer stand-alone prescription drug plans in all 50 states, the District of Columbia and all five U.S. Territories. Ovations also qualified to enroll lower income Medicare recipients and individuals who are eligible for both Medicare and Medicaid in every region.
“In the inaugural year of the Medicare Part D program, we offered well-designed plans that yielded high satisfaction ratings among our members and achieved more than $9 billion in savings on prescription drug costs,” said Lois Quam, CEO of Ovations. “Through our national presence, large membership base and deep experience with Medicare, we will continue to offer secure and affordable plans that meet the needs of older Americans.”
Broad Portfolio of Plans with Valuable Features
This year, the Ovations Part D portfolio includes three stand-alone Part D plans that carry the exclusive endorsement of AARP, the largest and most respected membership organization serving older Americans: AARP MedicareRx Plan, AARP MedicareRx Plan — Saver and AARP MedicareRx Plan — Enhanced. In addition, Ovations will offer two affordable stand-alone Part D plans, UnitedHealth Rx — Basic and UnitedHealth Rx — Extended, as well as Part D coverage options for individuals enrolled in SecureHorizons Medicare Advantage plans. The company’s portfolio also includes a variety of prescription drug plan options for employers.
Valuable features shared across all stand-alone Part D plans offered through Ovations include:
Formularies that include every brand-name prescription drug, or its generic version, covered by Medicare Part D.
Preferred mail-order services through which members are able to receive a 90-day supply of Tier 1 generic drugs with one copayment and $15 dollars off a 90-day supply of Tier 2 and Tier 3 brand-name drugs.
Predictable and affordable, flat copayments — as low as $5 dollars.
Convenient access to prescription drugs through Ovations’ national network of more than 60,000 retail and independent pharmacies and its mail-order services.
The option for members to obtain a 90-day supply at participating retail pharmacies.
Services provided through an established and fully dedicated company with the experience and resources necessary to serve older Americans.
Key features of the three AARP MedicareRx Plans are:
AARP MedicareRx Plan
Monthly premiums from $24.00 to $32.00, depending upon the geographic region in which the individual resides.
No deductible. Consumers will have first-dollar coverage on prescription drugs.
Formulary that includes 100 percent of the drugs covered by the Medicare Part D program.
AARP MedicareRx Plan — Enhanced
Monthly premiums from $39.00 to $51.00, depending upon the geographic region in which the individual resides.
Coverage for Tier 1 generic medications through the “coverage gap.”
Bonus drug list that includes medications not typically covered by Part D, such as prescription-strength Vitamin B and Alprazolam, Lorazepam and Temazepam, the three most popular Part D-excluded prescriptions by claim volume.
No deductible. Consumers will have first dollar coverage on prescription drugs.
Formulary includes 100 percent of the drugs covered by the Medicare Part D program.
AARP MedicareRx Plan — Saver
Provides the lowest premium and copayment option for Part D plans offered by Ovations. Premiums from $26.00 to as low as $10.00 per month, depending upon the geographic region in which the individual resides.
Formulary includes every brand-name prescription drug or its generic version covered by Medicare Part D.
Ovations will again work to ensure that Medicare beneficiaries understand the Prescription Drug Program, and can make informed decisions when selecting a Part D plan sponsor. The company will focus on reaching individuals with lower incomes through direct mail and community events to let them know about the availability of extra financial help. In addition, the company will continue its efforts to make sure caregivers — whether a spouse, adult child, family member or another loved one — understand Part D and can assist their loved one in choosing a plan that best meets their needs.
Open Enrollment for Medicare Part D plans starts on November 15. For more information, visit www.AARPMedicareRx.com.
Ovations offers a diverse and comprehensive array of products and services that respond to the health and well-being needs of adults of all ages, with a particular focus on those age 50 and above. Among its most popular services are: Medicare Prescription Drug plans, Medicare Advantage plans, Medigap offerings, independent living services, special needs and hospice services, group retiree solutions and insurance plans for pre-Medicare retirees ages 50-64.
About UnitedHealth Group
UnitedHealth Group (NYSE:UNH) is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, Specialized Care Services and Ingenix. Through its family of businesses, UnitedHealth Group serves approximately 70 million individuals nationwide. Visit www.unitedhealthgroup.com for more information.