Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
-- Six-Week Open Enrollment Period Begins Tomorrow
-- Low Premiums and Copayments with AARP MedicareRx Plan - Saver
-- Millions of Medicare Beneficiaries Still Without Prescription
Business Editors/Health Editors
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 14, 2006--When the open enrollment period for 2007 Medicare prescription drug plans begins tomorrow, Medicare beneficiaries in Ohio will be able to consider a new low-priced option from UnitedHealth Group that carries the exclusive endorsement of AARP, the largest and most respected membership organization serving older Americans. The AARP MedicareRx Plan - Saver is one of the lowest priced Part D Plans in the state that offers comprehensive drug coverage and high-quality customer service.
"It's important for Ohio Medicare beneficiaries to see what's new for 2007, because there are plans available with lower costs and more comprehensive coverage," said Tom Paul, chief pharmacy officer for Ovations, the UnitedHealth Group business dedicated to serving the health and well-being of people age 50 and older. "We listened to what people wanted from their prescription drug coverage and worked with AARP to develop the AARP MedicareRx Plan - Saver and other plans that we believe meet the needs of older Americans."
With a monthly premium of $18.90, a low deductible, and copayments as low as $5, the AARP MedicareRx Plan - Saver was designed to be affordable and stable for the long term. Beneficiaries can count on a prescription drug list that includes every brand-name prescription drug or its generic version covered by Medicare Part D. Members can save even more by using preferred mail-order services that provide a 90-day supply of Tier 1 generic drugs with only one copayment and $15 dollars off a 90-day supply of Tier 2 and Tier 3 brand-name drugs.
After the inaugural 2006 enrollment period, 4.4 million Americans or 10 percent of those eligible for prescription drug coverage through Medicare, still had not enrolled in a Part D plan and had no creditable form of prescription drug coverage(1). UnitedHealth Group is reaching out to Medicare beneficiaries in communities across the country to help them better understand their prescription drug coverage options and enroll in a plan that best suits their individual needs.
"We're connecting with beneficiaries to make sure they understand their choices and have the information they need to make good health care decisions," said Tom Paul. "We also understand the important role caregivers and relatives play in beneficiaries' lives, and will support them in helping their friends and family members choose a plan that best meets their needs."
2007 AARP MedicareRx Plans offerings:
For 2007, UnitedHealth Group's Part D offerings include three stand-alone plans that carry the exclusive endorsement of AARP, the largest and most respected membership organization serving older Americans:
AARP MedicareRx Plan - Enhanced
-- Monthly premium of $48.60.
-- 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.
-- 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
-- Monthly premium of $29.70.
-- Formulary that includes 100 percent of the drugs covered by the Medicare Part D program.
AARP MedicareRx Plan - Saver
-- The lowest premium and copayments. Monthly premium of $18.90.
-- Formulary includes every brand-name prescription drug or its generic version covered by Medicare Part D.
The company's Part D plans are designed to address the full spectrum of beneficiaries' needs - from low-cost options to plans with comprehensive formularies that not only bridge the coverage gap, but also include a Bonus List of drugs not covered by Part D. All three AARP MedicareRx Plans will be available in all 50 states, the District of Columbia and all five U.S. Territories.
The Open Enrollment period for 2007 Medicare Part D begins November 15 and ends December 31. Beneficiaries and their caregivers wishing to learn more about and enroll in AARP MedicareRx Plans can do so online at www.AARPMedicareRx.com or by calling toll-free at 1-866-255-4835. TTY users can call toll-free at 1-877-730-4192.
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.
(1) Source: Kaiser Family Foundation Data Update: "Prescription Drug Coverage Among Medicare Beneficiaries," June 2006