Flexible Group Waiver Plans by Elixir Insurance

There’s an easier, more affordable way to offer great benefits to retirees

As the cost of prescription medication continues to increase and more people rely on them for their care, prescription coverage is an affordable and appreciated benefit to offer retiring employees. One of the most cost-effective ways to do this is with an Employer Group Waiver Plan (EGWP). An EGWP is a Medicare Part D prescription drug plan (PDP). A wrap can be added to an EGWP to mirror an employer’s current plan or customize it to meet their needs.

Elixir Insurance offers:

• Direct plan management, administration, and compliance with the Centers for Medicare and Medicaid Services (CMS)
• CMS subsidies and manufacturer rebates to reduce plan costs
• Zero paperwork filing for the employer
• Customizable plans to meet an employers’ unique needs, ranging from risk-free fully insured to fully self-funded options

An EGWP allows employers to budget for drug costs effectively and affordably, without affecting retiree benefits.