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UnitedHealthcare Announces 2013 Medicare Plans

Stocks in this article: UNH

UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, today announced its 2013 Medicare portfolio, including a new low-premium Part D plan and preferred pharmacy network that will deliver greater cost-savings and value to Medicare consumers.

UnitedHealthcare’s medical and prescription drug plans, many of which carry the AARP brand, have been designed to help meet the diverse needs of the 49 million current beneficiaries as well as the historic wave of baby boomers who began aging into Medicare last year. Medicare beneficiaries have the opportunity to make changes to their health coverage during the Open Enrollment Period, which begins Oct. 15.

UnitedHealthcare’s 2013 Medicare products offer the stability, value and peace of mind that its more than 10 million plan participants have come to expect from their coverage.

“As the largest company dedicated to meeting the health and well-being needs of seniors and other Medicare beneficiaries, we offer a broad portfolio that enables our customers to choose a new plan if their health needs change without the hassle of switching insurance companies,” said Jack Larsen, CEO of UnitedHealthcare Medicare & Retirement. “We’re committed to being a lifelong health care partner for our members, providing stable, trusted coverage throughout every stage of their lives. We designed our 2013 Medicare plans to offer the value and simple, personal care that Medicare beneficiaries deserve.”

Expanded Part D Portfolio and New Preferred Pharmacy Network Deliver More Savings In 2013, UnitedHealthcare will introduce the AARP MedicareRx Saver Plus (PDP) plan. The new plan offers consumers savings on both their monthly premium and their prescription copays.

The $15 premium on the AARP MedicareRx Saver Plus plan makes it the lowest-cost Part D prescription drug plan in the 45 states where the plan will be available in 2013. i The premium is substantially lower than the $30 average premium that the Centers for Medicare & Medicaid Services projected for 2013 Part D plans.

UnitedHealthcare is bringing cost-savings opportunities to members of its stand-alone Part D plans in 2013 with the creation of a preferred pharmacy network that includes some of the most well-known and respected retailers: Walgreens, Kroger, Target, Safeway, Publix, Stop & Shop, Hy-Vee, H-E-B, Hannaford, Wegmans, Giant, Duane Reade, Fred Meyer, Smith’s, Fry’s, Vons, Sweetbay and many other retailers.

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