Illness is always uninvited. But what often hurts the most when we get sick is the unexpected cost at the counter. Even with insurance, sometimes there’s a painful surprise.
Not anymore, thanks to the Medicare Prescription Payment Plan.
Every Medicare beneficiary now has the power to have their insurer pay their out-of-pocket costs at the pharmacy. Insurers will send beneficiaries a statement at the end of the month that they can review and repay in full or over the rest of the year. Unless you actually like surprises, there is no reason to not enroll in the Medicare Prescription Payment Plan.
What do health insurers get out of using their own money to smooth the out-of-pocket cost? Healthier plan members and savings.
People who opt into this new program are more likely to take their medicine, improve their health, and be happier, longer-term customers. Essentially, when insurers improve the ability to pay for care, people are better able to access and afford care. Importantly, this does not remove or reduce a member’s responsibility, rather, insurers are using their resources to help members better manage their responsibility.
What do Medicare beneficiaries need to do? They need to notify their plan that they want to sign up.
Whenever a Medicare beneficiary tells his/her insurer to opt them into the Medicare Prescription Payment Plan, their insurer must do so within 24 hours. Unfortunately, how a person can submit this opt-in request varies from plan to plan. By law, every insurer must accept mailed letters and phone calls, but unfortunately, only 3% of insurers accept email requests and it can be difficult to find where to opt in online.
“Medicare beneficiaries have a right to the full benefit of their benefits,” said Brian Whorley, Founder and CEO of Paytient. “I saw my relatives’ frustration when they couldn’t figure out how to opt-in at their insurer, so we made that easier and made it public.”
The new tool, available at Rx.Paytient.com, looks across all 1,000+ Part D health plans and gives Medicare beneficiaries an easy way to opt into the Medicare Prescription Payment Plan in minutes instead of spending hours on the phone or searching online.
“There are several clinical studies that estimate over 100,000 Medicare beneficiaries die prematurely every year due to cost-related medication non-adherence. The beauty of the Medicare Prescription Payment Plan is that it isn’t just a more convenient way to pay, it’s also very likely to reduce that number by ensuring more beneficiaries are better able to take their medicine. Making it easier for people who want to enroll is the right thing to do,” said Brian Whorley, Founder and CEO of Paytient.
Don’t wait until you’re facing an unaffordable prescription bill. The Medicare Prescription Payment Plan is a lifeline to better health and financial peace of mind.
Learn more about the program and submit your opt in request at Rx.Paytient.com.
