Sierra Health Services Announces Participation in Medicare Outpatient Prescription Drug Program; Company to Market Plans and Par
September 26 2005 - 11:27AM
Business Wire
Sierra Health Services Inc. (NYSE: SIE) announced today that its
wholly owned subsidiaries, Sierra Health and Life Insurance Co.
Inc. (SHL) and Health Plan of Nevada Inc. (HPN), have been selected
by the Centers for Medicare & Medicaid Services (CMS) to
participate for 2006 in the stand-alone prescription drug plan
(PDP), Medicare Advantage HMO, and local and regional PPO programs.
SHL will offer SierraRx(SM), a stand-alone PDP in 10 western
states, including Arizona, California, Colorado, Idaho, Nevada, New
Mexico, Oregon, Texas, Utah and Washington. SHL has also been
selected as a PDP sponsor in the same states for dual-eligible
Medicare and Medicaid beneficiaries who will be auto-enrolled into
the program. SierraRx(SM) will cover a wide variety of preferred
generic and brand name prescription drugs that will be distributed
through most major retail pharmacy chains and a large number of
independent pharmacies. SHL will also offer Sierra Nevada Spectrum,
a regional PPO throughout Nevada, that will be available in January
2006. SHL will continue to offer its Local PPO Plan, Sierra
Spectrum, throughout Nevada; Maricopa, Mohave and Pima counties in
Arizona; and seven Utah counties, including Cache, Davis, Morgan,
Salt Lake, Utah, Washington and Weber. HPN will continue to offer
its Senior Dimensions (SD) Medicare Advantage HMO plan, with no
premium in Clark, Washoe, Nye and Esmeralda counties. SD members do
not need to enroll in a stand-alone PDP because their benefit plan
includes a comprehensive pharmacy benefit that will be enhanced in
2006. The SD plan also includes physician and hospital coverage.
Marketing for SierraRx(SM), Sierra Nevada Spectrum, Sierra Spectrum
and Senior Dimensions 2006 programs will begin Oct. 1, 2005. The
initial enrollment period begins Nov. 15, 2005, and ends on May 15,
2006. Sierra Health Services Inc., based in Las Vegas, is a
diversified health care services company that operates health
maintenance organizations, indemnity insurers, preferred provider
organizations and multi-specialty medical groups. Sierra's
subsidiaries serve more than 580,000 people through health benefit
plans for employers, government programs and individuals. For more
information, visit the company's Web site at www.sierrahealth.com.
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