Saturday, June 21, 2014

"Physicians United Plan" Medicare Medical Insurance Plan is Ending Soon

The federal Centers for Medicare & Medicaid Services will mutually terminate its contract with the Physicians United Plan (PUP) on July 1st, 2014. This means that Medicare beneficiaries that were using this insurance company will have to enroll in a new healthcare plan by August 31st.

The Centers for Medicare & Medicaid Services have stated the new Medicare Advantage/Medicare Advantage with Prescription Drug Plans (MA/MAPD) will coordinate with Physicians United Plan to share information on the beneficiary out-of-pocket costs so that will not start over for beneficiaries. There are several options for beneficiaries during the SEP to include; keeping Original Medicare and the assigned Part D plan, purchase a Medicare Supplement policy (Medigap) to supplement Original Medicare, or select a new Medicare Advantage plan and/or change the Part D prescription drug plan assigned by CMS. The effective coverage date will be the first of the month following enrollment into the plan.

The Florida Department of Elder Affairs and the state’s eleven Area Agencies on Aging are providing plan comparison and enrollment assistance through the SHINE (Serving Health Insurance Needs of Elders) Program. SHINE is a free and unbiased Medicare counseling program that can help beneficiaries whose coverage has changed to choose a new prescription drug plan or enroll in a state or federal Medicare cost-saving program.

SHINE can educate you about the choices that are available. Affected Floridians are encouraged to call the Elder Helpline toll-free at 1-800-96-ELDER (1-800-963-5337) or visit the SHINE website, Information is available in Spanish and other languages, as well as for the hearing impaired (TDD: 850-414-2001).

No comments: