WPS Health Insurance drops Medicare drug plan to focus on 'Medigap' coverage [The Wisconsin State Journal]
Oct. 29—Monona-based
WPS is dropping the prescription drug plan, which it has offered since the government added drug coverage as a Medicare option in 2006, so it can concentrate on its
"WPS is focused on retaining our status as
Medicare Supplement plans, often called Medigap, fill in gaps in the coverage of traditional Medicare insurance. WPS has about 70,000 Medicare Supplement members in
Twenty-three other Medicare Part D plans, which cover medications, will be offered in
People in the WPS Part D plan that is ending can choose one of the other plans. They can also switch to Medicare Advantage, private plans that often include drug coverage.
"It was a big shock," said Ward, a retired attorney, noting the "hassle" of trying to find other coverage.
His wife,
"We trusted a local company more," Townsend said. "I always felt we'd have a little more local accountability."
___
(c)2022 The Wisconsin State Journal (Madison, Wis.)
Visit The Wisconsin State Journal (Madison, Wis.) at www.wisconsinstatejournal.com
Distributed by Tribune Content Agency, LLC.



Flood insurance prices rising As storms, flooding become more frequent due to climate change
The Fort Lauderdale International Boat show draws crowds amid economic anxiety [South Florida Sun-Sentinel]
Advisor News
- Millennials are ready to bring their advisor to the family table
- How healthcare inflation can eat up a client’s retirement income
- Global economy ‘resilient’ in the wake of massive disruption
- Cryptocurrency legislation takes one step forward with bipartisan support
- IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
More Advisor NewsAnnuity News
- MetLife Expands Guaranteed Retirement Income Offering with Innovative Flexible Annuity Option
- How annuities can help protect retirees from financial scams
- MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- AuguStar Retirement launches StarStream Variable Annuity
More Annuity NewsHealth/Employee Benefits News
- Hecklers disrupt Hinson rally in Cedar Rapids
- Hecklers disrupt Cedar Rapids campaign rally as Ashley Hinson touts stock trading ban
- Reed: Can these assets be saved?
- Virginia program cuts costs of health insurance under Obamacare
- Retirement, health insurance costs to put pressure on future Baker City budgets
More Health/Employee Benefits NewsLife Insurance News
- Setting the record straight on premium-financed IUL
- AM Best Affirms Credit Ratings of Halyk-Life, JSC
- AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
- AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company
- Nationwide reaches reinsurance agreement with MassMutual on UL policy block
More Life Insurance News