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Product Spotlight: SilverScript Part D Plans

Posted by www.psmbrokerage.com Admin on Tue, Oct 09, 2018 @ 04:09 PM

SilverScript Part D Drug Plans

PSM Product Spotlight

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 “In an era of rising drugs costs, our goal is to help keep out-of-pocket costs lower for America’s seniors. That is why we want to ensure consumers know they have options, and we are providing enhanced choices to meet their individual needs from both a prescription and financial standpoint.” 

-Todd Meek, President, SilverScript Insurance Company, CVS Health


Indeed SilverScript has both expanded and enhanced their product options for 2019. Already the #1 Prescription Drug Plan of choice among seniors for three years running with their zero deductible Choice and Plus plans, SilverScript will begin offering a third plan option in 2019 - SilverScript Allure.


SilverScript Allure:

New for 2019, SilverScript Allure offers an enhanced plan design for people taking brand name medications in higher drug tiers, and offers low out-of-pocket costs on many generic and brand name drugs through point-of-sale (POS) rebates.  Listed below are some of the highlights:

  • $0-deductible on all covered drugs, $0-copays for 90-day supplies of Tier 1 drugs when filled by  CVS Caremark Mail Service Pharmacy and the same large national pharmacy network as the SilverScript Plus plan.
  • Immediate access to your copay and coinsurance benefits and up to $415 in savings on deductible costs.
  • While SilverScript Allure features a higher premium than the other SilverScript plans, it offers beneficiaries lower out-of-pocket costs for their prescription drugs, including copays as low as $1 on a 30-day supply of a Tier 1 drug when filled at a preferred retail pharmacy.
  • The plan also offers reduced costs on many brand name drugs through the application of point-of-sale rebates where a portion of pharmaceutical manufacturer rebates on certain Tier 3, Tier 4, and Tier 5 brand drugs is applied directly to the drug’s price when the member purchases the prescription at any retail pharmacy or by mail.

 As captivating as the new Allure plan is, rest assured SilverScript is not giving up on their two staple products, Silverscript Choice and Silverscript Plus. 

With over 6 million enrolled in 2018, these two plans have made Silverscript the #1 product of choice based on membership enrollment.  Below are just of few of the highlights of these two hot-selling plans:


SilverScript Choice:

The most popular plan that offers:

  • Offers a $0-deductible on all covered drugs in most states.
  • $0-copays for 90-day supplies of Tier 1 drugs nationwide when filled through the CVS Caremark Mail Service Pharmacy.
  • Immediate access to your copay and coinsurance benefits and up to $415 in savings on deductible costs.
  • Up to 50% savings on copays at preferred network pharmacies.
  • 16% Savings on 90-day prescriptions through CVS Caremark Mail Service Pharmacy.


SilverScript Plus:

An enhanced plan that provides additional coverage in the Coverage Gap (or Donut Hole). The Plus plan is designed for people who take several medications on a regular basis and are likely to reach the Coverage Gap during the 2019 plan year:

  • Offers a $0-deductible on all covered drugs in most states.
  • Additional copay coverage benefits for those that enter the Medicare Coverage Gap.
  • Save up to 90% with preferred copays at thousands of preferred pharmacies.
  • 16% Savings on 90-day prescriptions through CVS Caremark Mail Service Pharmacy.
  • Additional savings with delivery by mail, including $0 copays on 90-day supplies of Tier 1 and 2 drugs.

 

Why agents love selling SilverScript:

  • 5 Different Enrollment Options – streamlined for an efficient and easy selling process, whether Face-to-Face or Over The Phone.
  • Electronic SOA Capability – with a repository of completed SOAs to print and use whenever need be.
  • Superior Agent Portal – enhanced with new reporting features and a great Drug Pricing Tool for comprehensive comparisons on their 3 Part D Plans.

 

 This year’s AEP is expected to be record setting and it’s obvious that SilverScript is poised to continue their dominance in the PDP marketplace. 

 These new plan designs and enhancements will being added value to the SilverScript product in your portfolio by giving you more options to meet your clients’ ever changing drug needs.

Call now to talk to one of our stellar marketing staff for details on how you can start selling these plans today.

Not appointed with SilverScript? I encourage you to learn more and put this in-demand product in your portfolio, request details here

Additional Updates:
 

Tags: Part D, silverscript, product spotlight

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