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  • WPS Health Insurance drops Medicare drug plan to focus on ‘Medigap’ coverage [The Wisconsin State Journal] – InsuranceNewsNet

WPS Health Insurance drops Medicare drug plan to focus on ‘Medigap’ coverage [The Wisconsin State Journal] – InsuranceNewsNet

By on October 29, 2022 0

October 29—Based on Monona WPS health insurance ends its Medicare Part D drug coverage next year, requiring about 11,000 enrollees in Wisconsin to find other plans.

WPS is dropping the drug plan it has been offering since the government added drug coverage as a health insurance option in 2006, so it can focus on its Medicare supplemental insurance projects, spokesperson ByAnne Boegli said.

“WPS is focused on maintaining our status as from Wisconsin leading Medicare supplement provider,” Boegli said in a statement. “We aim to maintain this lead and bring this coverage to even more states with the goal of being one of the nation’s leading Medicare supplement providers in years coming.”

Medicare supplement plans, often referred to as Medigap, fill in the gaps in traditional Medicare insurance coverage. WPS has approximately 70,000 Supplement Medicare members in Wisconsin, says Boegli. About 7,000 of them, and another 4,000, have their Medicare Part D plans ending, she said.

Twenty-three other Medicare Part D plans, which cover drugs, will be offered in Wisconsin next year by nine foreign companies, including Etna, AnthemCigna, Humana and United Healthcare.

People in the ending WPS Part D plan can choose one of the other plans. They can also upgrade to Medicare Advantage, private plans that often include drug coverage.

Fred Ward80, of Shorewood Hills, has had WPS Medicare Supplement and Medicare Part D coverage for many years. He takes expensive chemotherapy drugs for multiple myeloma and was devastated to learn on Thursday that drug coverage was ending.

“It was a big shock,” said Ward, a retired attorney, noting the “hassle” of trying to find another cover.

His wife, Marilyn Townsenda female attorney who receives state benefits through her state work Labor and Industry Review Boardsaid she previously had WPS health insurance.

“We trusted a local business more,” Townsend said. “I always thought we would have a bit more local responsibility.”

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