Insurance coverage firm hopes to supply Medicare Benefit plans in Iowa, South Dakota starting 2022
Wellmark Blue Cross and Blue Protect of Iowa’s location at 600 Third Avenue SE in southeast Cedar Rapids. (Jim Slosiarek/The Gazette)
Wellmark Blue Cross and Blue Protect stated it’s in search of federal approval to supply Medicare Benefit plans starting in 2022.
If permitted by the U.S. Facilities for Medicare and Medicaid Providers, the state’s largest insurance coverage service would provide plans below a brand new affiliate — Wellmark Benefit Well being Plan — to Iowans and South Dakotans throughout this coming fall’s annual enrollment interval.
Officers didn’t specify after they anticipate federal approval may arrive.
This yr’s annual election interval will happen Oct. 7 by way of Dec. 7 for protection that may start Jan. 1, 2022.
“We’re excited to introduce Wellmark Benefit Well being Plan and our merchandise to Iowa and South Dakota,” Jason Humphrey, Wellmark’s vice chairman of Medicare Benefit, stated in a information launch.
“Our Medicare Benefit plans will present customers with the advantages, community and value factors that meet their distinctive wants.”
Within the first yr, Wellmark Benefit Well being Plan can be supplied solely in choose Iowa and South Dakota counties, Wellmark officers said within the announcement.
Medicare Benefit, also called Medicare Half C, are well being plans supplied by personal firms with approval from the federal company. These plans present each Medicare Half A — which covers hospital and nursing house care — and Medicare Half B — which handles medically mandatory companies and different preventive well being care.
Many Medicare Benefit plans additionally embrace prescription drug protection, or Medicare Half D, in response to the U.S. Division of Well being and Human Providers.
Whereas Medicare pays a set quantity every month to firms for members’ care, these firms providing Medicare Benefit plans can cost completely different out-of-pocket prices and will set extra guidelines for acquiring well being care companies.
Wellmark officers didn’t provide any particulars concerning the plans it might provide to Medicare members, citing pending approval from CMS.
“We all know customers have diverse wants and wish selections in terms of medical health insurance,” Humphrey stated in a information launch.
“We’re assured the brand new Medicare Benefit choices will complement Wellmark’s current Medicare product choices to supply customers with options that greatest meet their wants.”
Feedback: (319) 398-8469; [email protected]