Blue Cross/Blue Shield of Vermont files application to be Medicare prescription drug plan sponsor

first_imgBLUE CROSS AND BLUE SHIELD OF VERMONT FILES JOINT APPLICATION TO ADMINISTER MEDICARE PRESCRIPTION DRUG BENEFITBerlin, VT, Together with several of its sister Blue Plans, Blue Cross and Blue Shield of Vermont has filed an application to become a Medicare prescription drug plan sponsor. The Plan will co-sponsor the program with other Blue plans in the region designated by the Center for Medicare and Medicaid Services to serve Vermont. Region 2 includes Connecticut, Massachusetts and Rhode Island, in addition to Vermont, so BCBSVT has teamed with Anthem Blue Cross and Blue Shield in Connecticut, Blue Cross Blue Shield of Massachusetts (BCBSMA) and Blue Cross & Blue Shield of Rhode Island (BCBSRI). The organizations expect to hear from CMS by June of this year if the application is approved, and will announce the details of the plan when CMS completes its review.Through their arrangement Blue Cross and Blue Shield of Vermont and its sister plans will provide Part D prescription drug coverage, which will be available to Medicare beneficiaries in 2006 as provided by the Medicare Modernization Act of 2003. Unlike this years prescription drug discount cards, Part D will offer prescription drug insurance coverage. Additionally, government subsidies will be available to eligible Medicare beneficiaries who meet certain income requirements.As independent licensees of the Blue Cross and Blue Shield Association, the Plans have extensive collective experience with the Medicare population. Each of the four Blues plans has served the Medicare population since the inception of the Medicare program in 1966. Today, nearly 450,000 Medicare beneficiaries across Region 2 have selected the Blue Cross and Blue Shield brand by enrolling in either a Medicare supplemental or Medicare Advantage plan. The plans see the new prescription drug benefit as a logical extension of the health plans they currently offer to meet the needs of seniors and other Medicare beneficiaries.Blue Cross and Blue Shield of Vermont is committed to expanding access and options to all Vermont seniors, said Leigh Tofferi, BCBSVTs Director of Public Relations. We look forward to bringing this valuable coverage to Vermonters and, through our sister Blue Plans in Region 2, to other eligible Medicare beneficiaries in Region 2.Blue Cross and Blue Shield of Vermont is the state’s oldest and largest private health insurer, providing coverage for about 180,000 Vermonters. It employs over 350 Vermonters at its headquarters in Berlin and branch office in Williston, and offers group and individual health plans to Vermonters. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at www.bcbsvt.com(link is external). Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.(End)last_img read more

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