NEWS & EVENTS
March 31, 2021 – ConnectureDRX is pleased to announce Medicare Edge, a one-stop shopping experience for Medicare plan comparison, quoting and enrollment for smaller insurance agencies. Small- to mid-sized agencies now have a digital tool as they prepare for Medicare’s...
Connecture, Inc. is adding its trusted DestinationRx® brand to Connecture to enable health plans and insurance agencies using Connecture technology for Medicare shopping, quoting and enrollment to benefit from the positive reputation DestinationRx has earned throughout the industry over the years. Acquired by Connecture in 2013, DestinationRx is highly regarded as the pioneer in drug pricing technology and paved the way for becoming the Medicare market leader. With price transparency of utmost importance in plan selection, ConnectureDRX solutions pair many of the 61 million Americans on Medicare with their best fit Medicare plans.
People working for larger companies typically have a choice when they reach age 65. They can stick with their group plan and delay signing up for Medicare without facing penalties down the road, or drop the company option and go with Medicare. Learn more about how ConnectureDRX’s Medicare Retention Suite can keep retirees transitioning to Medicare, loyal to your brand.
“Price increases that consumers have suffered under the last 10 years have been at a greater rate compared to inflation than we’ve ever seen in this country,” says Jim Yocum, a senior vice president of Connecture DRx, a health data firm.
“Seniors should be able to choose the plans that work best for them,” says Sen. Susan Collins, R-Maine, chairwoman of the Senate Special Committee on Aging. “Issues with Medicare’s new Plan Finder website, however, have reportedly created confusion among beneficiaries as well as those assisting them.” Collins adds that she is concerned “this problem even occurred.”
The federal government recently redesigned a digital tool that helps seniors navigate complicated Medicare choices, but consumer advocates say it’s malfunctioning with alarming frequency, offering inaccurate cost estimates and creating chaos in some states during the open enrollment period.
More than 60 million people use Medicare, which covers those over 65 and the disabled. Users have to pick their plans annually. The current open enrollment period ends Dec. 7. Medicare advisers — as well as advocates for seniors — worry that the full weight of the tool’s inaccuracies will not be felt until the 2020 coverage year begins and seniors head to pharmacies to fill prescriptions or show up for medical appointments. For many Medicare participants, selections made during open enrollment are irreversible.
As open enrollment goes into the home stretch Thanksgiving week, critics say the new plan finder tool can create confusion by obscuring out-of-pocket costs that seniors should factor into their decisions…
“If they pick the plan based solely on the premium they are likely getting a plan that could cost them thousands more in a calendar year,” said Christina Reeg of the Ohio Department of Insurance. She heads a program that helps Medicare enrollees try to find the right plan.
Total Number of Plans. In total, 3,148 Medicare Advantage plans will be available nationwide for individual enrollment in 2020 – a 15 percent increase (414 more plans) from 2019 and the largest number of plans ever available
If you’re going to make Medicare coverage changes that include dropping or buying a supplemental plan — aka, Medigap — make sure you know the rules that come along with it.
Connecture’s SVP of Federal Programs Jim Yocum spoke with Money Magazine to discuss some of the potential implications from the White House’s recent efforts to curb drug costs. Connecture data was used in the analysis.
Voices of the Medicare Consumer and Insurance Agent
March 31, 2021, ConnectureDRX Webinar Register Today!
BCBS 2021 Virtual Summit
May 4-14, 2021
World Congress Medicare Webinar Series
June 28-29, 2021
American Association for Medicare Supplement Insurance 12th Medicare Supplement Industry Summit
September 8-10, 2021