Benistar Group Medicare Part D plans provide the solution employers need to manage prescription drug benefits. An Employee Group Waiver Plan, or EGWP, is a group Medicare Part D prescription drug plan. Benistar EGWP plans offer the following advantages for employers and their retirees:
- Fully Insured – cap your retiree health liability with an insured plan
- Nationwide plan availability
- No annual plan maximum
- Flexibility in plan design
- Flat co-pays or coinsurance
- Fill the Medicare coverage gap (“donut hole”)
- Choose from our standard plans, or customize a plan with underwriting approval
Many employers and organizations providing drug coverage for retirees are currently filing for the Retiree Drug Subsidy (RDS). Our low premium rates include the government subsidy. There is no additional subsidy filing required, saving you administrative costs associated with RDS compliance. In fact, the average subsidy received through an EGWP plan exceeds the RDS program subsidy.
To learn more about our prescription drug programs, contact us at (888) 497-9500 x212, or email us at retireesolutions@benistar.com.
