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Zero Plan Disruption for Retirees
Zero Plan Disruption for Retirees
EGWP's allow plan retiree's to keep the same pharmacy benefits without interruption or additional costs, while the plan provider realizes significant cost savings.
Retiree Prescription Drug Plans
Retiree Prescription Drug Plans
Under an EGWP the PDP handles main administrative requirements, manages all federal interaction, collects federal Part D plan subsidies and assumes compliance responsibilities.
Employee Group Waiver Plans
Employee Group Waiver Plans
EGWP's are commonly referred to as Egg Whips and provide generous cost savings combined with improved cash management.
 
 

CMS

CMS Final Rate Notice Negatively Affects EGWP Retirees

CMS Eliminates Employer Group Waiver Plans (EGWP) Bidding Process for Retiree Prescription Plans Under Medicare Advantage Plans Recently EGWP retirees, particularly low income recipients covered by their employer were dealt a blow by the CMS in their refusal to reverse their proposal to cut 2.5% from payments for Employer Group Waiver Plans. The proposed changes from the CMS will be implemented over a two year period where plans will see a 1.25% cut per year in EGWP payments. Both Democrats

Impending CMS EGWP Changes May Make Supplemental Insurance Unnecessary

April 2014 CMS EGWP +wrap Rule Change Dec. 23, 2013 – According to Crain’s Business Insurance Magazine, CMS EGWP +wrap plans may become unnecessary if the CMS regulations change as anticipated in April of 2014. Migration to CMS EGWP Moving Quickly According to the article, changes to CMS EGWP plans are being readily adopted as changes to the Medicare Part D RDS ¬†subsidies are no longer tax deductible. ¬†Employers implementing an EGWP have seen resulting pretax costs lowered by 20%

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