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SilverScript News: U.S. Department of Justice Clears Aetna Acquisition

Posted by www.psmbrokerage.com Admin on Thu, Oct 11, 2018 @ 03:31 PM

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SilverScript News: U.S. Department of Justice Clears Aetna Acquisition

SilverScript is pleased the U.S. Department of Justice (DOJ) has approved the planned acquisition of Aetna by CVS Health. DOJ’s approval of the transaction is an important milestone, and we remain on track to complete the transaction in the fourth quarter of 2018.

We will keep you informed of developments and look forward to providing more detail following the close of the transaction.

The SilverScript team remains focused on the Annual Enrollment Period, and in serving new and existing members with a commitment to great service, care and value.

Not appointed to represent SilverScript Part D Plans? Request Details

FOR AGENT USE ONLY and not intended for public or general use.

©2018 CVS Health and/or one of its affiliates: Confidential & Proprietary

CONFIDENTIALITY NOTICE: This communication and any attachments may contain confidential and/or proprietary information for the use of the designated recipients named above. If you are not the intended recipient, you are hereby notified that you have received this communication in error and that any review, disclosure, dissemination, distribution or copying of it or its contents is prohibited. If you have received this communication in error, please notify the sender immediately by telephone and destroy all copies of this communication and any attachments.

 

Related: Trump signs two drug cost information bills

Additional Updates:
 

Tags: Medicare Part D, silverscript

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

SilverScript Insurance Company Agent Update – October 1, 2018

Posted by www.psmbrokerage.com Admin on Tue, Oct 02, 2018 @ 08:43 AM

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SilverScript Insurance Company Agent Update – October 1, 2018

As we enter October and the Annual Enrollment season, we want to provide you with helpful information to enhance your SilverScript knowledge and assist your efforts for a rewarding and efficient AEP.

Keep this in mind: when you are on the SilverScript Agent Portal, be certain you have selected the appropriate 2018 or 2019 plan year to access/view the appropriate plan year’s functionality.


2019 SilverScript Plan Designs – Keep These Things in Mind!

SilverScript Choice PDP: In most regions, the SilverScript Choice PDP has a $0 deductible while lower premium plans from other plan sponsors include deductibles that are as high as $415. Our SilverScript Choice PDP will likely be very competitive when total cost analysis is considered and beneficiary’s decide to insure themselves from the costs associated with potential Tier 3 through Tier 5 prescriptions.

NEW! SilverScript Allure PDP: This innovative new plan applies a portion of pharmaceutical manufacturer rebates earned on certain brand drugs directly to the drug’s price when the prescription is purchased. This passes savings on to members by reducing the price for these select drugs, thereby lowering the member’s out-of-pocket cost for these medications.  For this reason, you may see a different price for the same drug when comparing SilverScript Allure to other SilverScript plans using drug pricing tools on Medicare.gov, SilverScriptAgentPortal.com, and other price comparison tools. The SilverScript Allure PDP has copays as low as $1 on Tier 1 drugs at preferred pharmacies and a $0 deductible on all tiers. The SilverScript Allure plan is not available in AK. 

Additional information: The SilverScript 2019 plan designs are posted on the SilverScript Agent Portal’s Resources/Plan Offerings page.


2019 Enrollment Kits - Supplies

An order for a 10-pack of SilverScript enrollment kits are automatically triggered when agents complete their SilverScript annual certification. Please log into the SilverScript Agent Portal, select the 2019 plan year, and go to the “I Want To…” tab then click on Order Enrollment Kits to order more kits. Kits typically ship the next business day via UPS ground from the Philadelphia, PA, area. UPS shipment tracking information is also posted on the Agent Portal. Feel free to place as many kit orders as you deem appropriate to ensure you have enough materials for a productive AEP…and beyond.


2019 Annual Certification Tips & Tricks

You must complete the 2019 annual certification requirements before you can market SilverScript plans this AEP and you must complete the requirements prior to December 7, 2018 (the last day of AEP), in order to be eligible for 2019 renewal commission.

SilverScript has a direct relationship with AHIP and Pinpoint training websites. Agents who have completed 2019 initial training and/or annual re-training certifications through AHIP or Pinpoint can have their results automatically submitted to SilverScript. Instructions are on the SilverScript Agent Portal’s Training & Certification page. Keep in mind that after the external training courses are applied to your SilverScript profile you still need to complete the SilverScript curriculum attestation on the SilverScript Agent Portal.

If you can’t Launch our training course, clear your browser history cache, enable popups (disable blockers), and enable tracking cookies. Remember, the SilverScript course material is available as PDF files in the SilverScript Agent Portal’s Reference Materials section. Download the PDF and toggle between the PDF and the quiz. 


Download the Updated SilverScript iPad App for Agents from the Apple App Store

The SilverScript iPad App for Agents was updated on 10/1 to include 2019 plan year information; however, the AEP enrollment functionality is disabled since it’s too soon to submit applications with this election type. You should download the SilverScript iPad App for Agents now and AGAIN on or after 10/15. The AEP application functionality will be activated with downloads starting on October 15th.


Forgot your SilverScript Agent Portal Password

The SilverScript Agent Portal was relaunched in mid-June. If you have not logged in since June 15, 2018, you will need to click on "Forgot Password" on our Login page to reset your password. Keep in mind that the new password now needs to include at least one $p3ci@l Ch@r!ct3r. Your login ID is the same as your SilverScript agent/writing number. 


SilverScript Agent Portal Supported Web Browsers

To ensure you get the best out of the enrollment portal, make sure you are running one of the following supported browsers: Google Chrome version 60 or above, Internet Explorer version 11, Mozilla Firefox version 60 or above. At this time, Safari, and Microsoft Edge are not compatible.


Protect your Medicare Supplement clients and give them the coverage they need. Request details today and make sure you have this competitive PDP product available this AEP.

FOR AGENT USE ONLY and not intended for public or general use.

Additional Updates:
 

Tags: Medicare Part D, silverscript

Offer the hottest Part D plans on the market with SilverScript

Posted by www.psmbrokerage.com Admin on Thu, Sep 13, 2018 @ 04:06 PM

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We are excited to offer you a National Leading PDP carrier for 2019!

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2019 Choice Plan Benefits Include:

$0 deductible in most states except AK, AZ, CO, GA, SC and TX.

  • $0 deductible applies to ALL 5 tiers
  • In Colorado, Georgia and Texas, $0 deductible applies to Tier 1 and Tier 2. There is a $100 deductible for Tiers 3 through 5
  • In Arizona and South Carolina, $0 deductible applies to Tier 1 and Tier 2. There is a $415 deductible for Tiers 3 through 5
  • In Alaska, there is a $415 deductible that applies to all tiers

Low monthly premium

  • The Choice PDP premium is below the benchmark in 26 out of 34 regions (in other words, it is below the benchmark in every state except AK, CO, DE, DC, MD, NC, NV, and TX)

Protect your Medicare Supplement clients and give them the coverage they need. Request details today and make sure you have this competitive PDP product available this AEP.

Additional Updates:
 

Tags: Medicare Part D, silverscript

Announcing the CMS Approved 2017 SilverScript Plan Designs

Posted by www.psmbrokerage.com Admin on Wed, Aug 10, 2016 @ 12:32 PM

2017 SilverScript Plan Designs Released

IMPORTANT UPDATE: 

SilverScript has released their 2017 CMS Approved Plan Designs.

Request Info

Did you know that SilverScript® has more members in a Part D plan than any other Part D plan sponsor? CMS reports that SilverScript has more than 5.5 million members and more than four million of these members are actively enrolled in our SilverScript Choice PDP. 

We are confident that SilverScript will be well received by Medicare beneficiaries and agents during the 2017 AEP, too. CMS just approved their 2017 PDP premiums, and plan designs are approved and finalized. We encourage you to have this product in your portfolio for the upcoming enrollment window.

Highlights Include:

  • Competitive Plan Designs with $0 Deductible
  • Unique Formularies
  • New e-App for 2017 Enrollments
  • Simple Certification Process
  • CVS / SilverScript Retail Pharmacy Opportunity
  • Much more!

Request details today and place your business with a proven leader.

2017 Certification Now Available:

The SilverScript Product and Process course is now available via the SilverScript Agent Portal’s Training & Certification page. Now is a great time to complete all of your annual certification requirements.

Remember, you must complete the 2017 annual certification requirements before you can market SilverScript plans this AEP and you must complete the requirements prior to December 7, 2016 (the last day of AEP), in order to be eligible for 2017 renewal commission.

SilverScript now has a direct relationship with the AHIP training website. Agents who have completed 2017 initial training and/or annual re-training certifications through AHIP can have their results automatically submitted to SilverScript. Instructions are on the SilverScript Agent Portal’s Training & Certification page.

Additional Updates:
  • 2017 Medicare Advantage proposed benefits and expansion counties now available - View
  • 2017 Medicare Advantage Certification instructions now available - View
  • Introducing a New Med Supp from Thrivent Financial  - View
  • Liberty Bankers Life breaks into the Med Supp market  - View
  • Sell Medicare Supplements from virtually anywhere - View
  • FREE Med Supp Online Quoting Tool for PSM Agents - View

Tags: Part D, PDP, silverscript

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