Medicare Part D Consultation
Retirees between ages 65 – 69 fill on average 13.6 prescription medications and retirees between ages 80 – 84 fill on average 18.2 prescriptions per year. Together these 2 age groups spend $43 billion on prescriptions, 42% of the $102 billion total spent on prescriptions within the US annually. The enactment of Medicare Part D created new alternatives and financial opportunities for plan sponsors that offer prescription benefits to retirees.
Retiree Solutions, a division of Benecard, provides Retiree Drug Subsidy services for employer groups and coalitions. Benecard Retiree Solutions focuses on the complex and diverse needs of the retiree population and their escalating prescription drug coverage costs.
Benecard's Retiree Solutions Department will work with you through the entire RDS process to ensure you receive approval for your application, maximize your subsidy return and maintain compliance with the Centers for Medicare and Medicaid Services (CMS).
Retiree Drug Subsidy (RDS) services include:
- Application Support
- Enrollment Submission
- Year End Reconciliation