Transamerica obtains 4-star Medicare Part D rating from CMS for 2014
Published on March 13, 2014 at 9:15 AM
Transamerica continues to provide exceptional value to Medicare customers by obtaining a 4-star Medicare Part D rating from the Centers for Medicare and Medicaid Services for 2014. The high rating showcases the quality and service Transamerica helps deliver to customers through a group Medicare prescription drug plan (Employer PDP) solution - Medicare GenerationRxSM, an "800-series" Employer Group Waiver Plan (EGWP). The plan is underwritten by Stonebridge Life Insurance Company, a Transamerica company and distributed through the Transamerica Affinity Services business unit.
The rapid and strategic plan growth is a direct reflection of Transamerica's commitment to Medicare beneficiaries. In just three years, the program has become the fifth largest Medicare Part D EGWP by enrollment.
"Transamerica is constantly focused on improving and delivering quality and service to our customers," says Mark Zimmerly, Vice President of Business Development at Transamerica Affinity Services. "The fully-insured '800-series' EGWP solution - Medicare GenerationRxSM - can deliver Medicare customers value, choice, and coverage. We are dedicated to providing customers with exceptional service, competitive solutions, and a precisely-managed program. The solution also provides employer and union groups a great tool for protecting their assets and shifting their claims and compliance responsibility, in exchange for a predictable and affordable monthly premium."
Star Ratings provide information to help Medicare beneficiaries evaluate the relative quality of service, and performance of a Prescription Drug Plan (PDP) in making an informed choice when selecting a plan. Medicare evaluates plans based on a 5-star rating system. Star Ratings are calculated each year and may change from one year to the next. U.S. News & World Report also included our plan in their Best Part D Plans 2014 listing using Medicare's five-star plan ratings system and applying a methodology averaging each plan within a state. Click the following link to learn more about Medicare Star Quality Ratings.
With a variety of plan design and contribution options, employers, governments, and union groups can closely match existing benefit structures, manage benefit costs, and easily transition retirees from another prescription drug plan. The solution also provides retirees with cost-effective coverage at over 65,000 pharmacies nationwide, including major chains and many independent community pharmacies. Mail order and extended-day supplies at retail outlets are also available for member convenience. The plan's Medication Therapy Management program and 24/7/365 customer service will ensure retirees receive services to support their needs.