Wellcare | Important SEP Reminder for State Pharmaceutical Assistance Programs

Wellcare | Important SEP Reminder for State Pharmaceutical Assistance Programs

Wellcare | Important SEP Reminder for State Pharmaceutical Assistance Programs
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Important SEP Reminder for State Pharmaceutical Assistance Programs

As a reminder, CMS guidelines permit a Special Election Period (SEP) for beneficiaries in qualified State Pharmaceutical Assistance Programs (SPAPs) under certain circumstances and in states where SPAPs are available. The chart below summarizes these qualifying SEP conditions:

Important Information & Recommendations

It is imperative that you take steps before enrolling a beneficiary using the SPAP SEP to confirm that the beneficiary meets the SPAP SEP’s eligibility requirements. The SPAP SEP is not available unless the beneficiary is enrolled in or is losing eligibility for coverage under a qualified SPAP.

We recommend that you take the following steps before enrolling a beneficiary using the SPAP SEP:

  • Explain that a qualified SPAP is a program offered by certain states to provide financial assistance for pharmaceutical expenses to Part D eligible residents and that the beneficiary may be eligible for a SEP if the beneficiary is enrolled in a qualified SPAP or is losing eligibility for coverage in a qualified SPAP.
  • Provide the beneficiary with the list of qualified SPAPs. See the list of qualified SPAPs below.
  • Confirm that the beneficiary can attest to meeting the eligibility requirements based on the list of qualified SPAPs.
  • If the beneficiary attests to meeting the eligibility requirements for an SPAP SEP, check that the beneficiary resides in one of the states listed below that have a qualified SPAP. In the event that the beneficiary does not reside in one of the states listed below with a qualified SPAP, check to see whether the beneficiary recently moved from one of the states listed below with a qualified SPAP and is therefore losing SPAP eligibility.

Qualified SPAPs

The following are qualified SPAPs:

  • Delaware: Delaware Prescription Assistance Program
  • Indiana: HoosierRx
  • Maine: Maine Drugs for the Elderly and Disabled
  • Maryland: Maryland Senior Drug Assistance Program
  • Massachusetts: Prescription Advantage
  • Missouri: MoRx
  • New Jersey: NJ Pharmaceutical Assistance to the Aged & Disabled Program; NJ Senior Gold Discount Card Program
  • New Mexico: New Mexico Medical Insurance Pool
  • New York: Elderly Pharmaceutical Insurance Coverage Program (EPIC)
  • Pennsylvania: Pharmaceutical Assistance for the Elderly
  • Rhode Island: Rhode Island State Pharmaceutical Assistance to the Elderly (RIPAE)
  • Texas: Texas Kidney Health Care Program
  • Vermont: Vpharm
  • Wisconsin: SeniorCare

Please refer to the SEP section in the CMS Enrollment and Disenrollment Guidance, Medicare Advantage (MA) (Section 30.4), for detailed descriptions of the various types of SEPs and their eligibility criteria.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

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support@pfsinsurance.com

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GTL | Precision Care Cancer | Now Available in Massachusetts!

GTL | Precision Care Cancer | Now Available in Massachusetts!

GTL | Precision Care Cancer | Now Available in Massachusetts!
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Outsmart Cancer with Precision Care

Covering the High Cost of Cancer is Good… Beating Cancer is Better.

Precision Care™ is now available in Massachusetts on GTL’s Agent Portal and available soon on the e-App!

GTL’s Precision Care™ Cancer Insurance is a revolutionary lump sum cancer policy that also pays for your clients’ access to TGen’s world-class genomic sequencing services and one-on-one consultations for a more individualized and targeted approach to treating cancer.

Precision Care™ also provides a choice of lump sum benefits up to $50,000 as well as:

  • Cancer Benefit Builder Riders
  • Child Coverage Riders
  • and ROP Riders!

Who is TGen?

Watch a short message from TGen’s Chief Operations Officer, Tess Burleson.

TGen, the Translational Genomics Research Institute, is an affiliate of City of Hope and is a nonprofit medical research institute. TGen conducts groundbreaking research that unravels the genetic components of common and complex diseases for life-changing results.

Looking for a way to help explain the Precision Care™ to your clients?
View and download the Consumer Infographics below.

Watch the webinar recording below for an in-depth look at GTL’s Precision Care™ Cancer Insurance!

Current State Availability

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

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1 (800) 772-6881
support@pfsinsurance.com

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IBX | Inflation Reduction Act webinar and member benefit updates

IBX | Inflation Reduction Act webinar and member benefit updates

IBX | Inflation Reduction Act webinar and member benefit updates
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Inflation Reduction Act and member benefit updates

Inflation Reduction Act

Stay informed about the changes that will impact your clients and your business. The Inflation Reduction Act (IRA) is intended to address key administrative priorities that will impact the climate, taxes, and health care. Independence Blue Cross (IBX) and our Medicare sales team are here to help and prepare you for the changes.

Medicare Meet-up

Please join us on Tuesday, April 23, 2024 at 11 a.m. to 12:30 p.m. to learn more about the IRA, key changes made to Medicare Part D, what is the Medicare Prescription Payment Plan (MP3), how the Part D $2000 max out-of-pocket is administered, and your role in this sweeping change.

Register Today!

IBX is required by the Centers for Medicare & Medicaid Services (CMS) to diligently send communications to beneficiaries that can benefit from the changes made by the IRA. As members become aware of the changes, they are more acceptable to the changes when it comes time for retention and new enrollee conversations.

Member communication

Independence Health Rewards

Independence Health Rewards go live on April 1. This program makes it easy — and extra rewarding — to stay healthy for members on our Medicare Advantage plans. Members can start earning rewards by taking advantage of specific health and wellness activities from now until December 31, 2024.

Connect with your clients to remind them that you’re there for them and inform them how to get rewarded for staying healthy through Independence Health Rewards. Review the Independence Health Rewards program documents, which members received via direct mail.

GeoBlue

Many of your members and prospects now have more time, financial ability, and the desire to explore the world. So, they should have the option to protect themselves if they become sick or injured while traveling abroad by purchasing international health plans. GeoBlue provides peace of mind to world travelers and ex-pats living a global lifestyle by providing access to an elite network of providers, innovative mobile and online tools, the convenience of telemedicine tools, and exceptional customer service.

Through our connection with GeoBlue, you can get appointed today and provide your members the opportunity to shop individual products from GeoBlue for peace of mind while traveling.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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GTL | Precision Care Cancer | Now Available in Massachusetts!

GTL’s Digital Collection | All of your Product Brochures in One Place!

GTL’s Digital Collection | All of your Product Brochures in One Place!
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Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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Aetna | North Carolina agents: Premium rate decreases effective June 1, 2024

Aetna | North Carolina agents: Premium rate decreases effective June 1, 2024

Aetna | North Carolina agents: Premium rate decreases effective June 1, 2024
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Premium rate decreases in North Carolina effective June 1

Effective June 1, 2024, we’re decreasing premium rates for the following ancillary plans in North Carolina (for new and existing business):

  • Home Care Plus (50% rate decrease)
  • Hospital Indemnity Flex (50% rate decrease)
  • Recovery Care (50% rate decrease)

Policies with an effective date on or after June 1, 2024, will receive the new rate. Existing policyholders will receive the rate decrease on their next premium due date after June 1.

We’re updating the rate sheets and outlines of coverage for these plans and will let you know when they become available. In the meantime, you can use our Quotes on the Go app or Aetna Quote & Enroll to view the new rates.

If you have any questions, you can contact our Agent Services team using the Chat feature at AetnaSeniorProducts.com or by calling 866-272-6630.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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Contact a Pinnacle Financial Service representative today for assistance.

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