Medicare Modernization Act Promises Significant Enhancements in Health Plan Coverage Options for Medicare Beneficiaries in 2006
July 25 2005 - 12:00PM
PR Newswire (US)
Medicare Modernization Act Promises Significant Enhancements in
Health Plan Coverage Options for Medicare Beneficiaries in 2006
Beneficiaries in Louisiana will have access to health plans that
feature prescription drug benefits and low out-of-pockets,
alternative to Medicare supplement NEW ORLEANS, July 25
/PRNewswire/ -- Medicare beneficiaries in rural America will soon
have more than one option for health care coverage thanks to the
passing of the Medicare Modernization Act (MMA) in 2003. Up until
recently, Medicare beneficiaries in Louisiana had little, if any,
health care insurance options other that traditional Medicare or
Medicare supplemental insurance (MediGap policies). Beginning
January 1, 2006, more than 650,000 Medicare beneficiaries residing
in Louisiana -- part of Medicare Advantage's recently established
Region #16 -- will have access to a new type of Medicare health
plan known as regional preferred provider organizations (PPOs).
Regional PPOs differ from an HMO in that there is no referral
necessary to see a physician or specialist of choice. These plans
also differs from traditional Medicare in that they feature a
prescription drug benefit, and are designed specifically by The
Centers for Medicare & Medicaid Services to ensure that
Medicare beneficiaries living in all areas of the country have
ready access to affordable, comprehensive health care -- especially
those who live in underserved rural areas. "Humana intends to offer
a Medicare Advantage regional PPO in up to 14 of the nation's 26
regions," said George Renaudin, president of Senior Products for
Humana in Louisiana and Mississippi. "We applaud Congress for
taking this historical step forward to modernize the Medicare
program, and we are taking action to make health care coverage more
affordable and accessible by expanding our Medicare Advantage
product offering into regions such as Louisiana. The MMA has
enabled Humana to reduce out-of-pocket costs for Medicare
beneficiaries and enhance benefits, particularly the prescription
drug benefit which previously may not have been available to many
beneficiaries living in rural areas." About Humana Health Benefit
Plan of Louisiana, Inc. Humana Health Benefit Plan of Louisiana,
Inc. is one of the largest health benefit plans in the New Orleans
market and the third largest in the state of Louisiana. Humana
Health Benefit Plan of Louisiana Inc. is the only health plan in
Louisiana to be awarded the Excellent Accreditation from NCQA twice
in a row. "Excellent" is the highest accreditation awarded by NCQA,
an independent, not- for-profit organization dedicated to measuring
the quality of America's health care. About Humana Humana Inc.,
headquartered in Louisville, Ky., is one of the nation's largest
publicly traded health benefits companies, with approximately 7
million medical members. Humana offers a diversified portfolio of
health insurance products and related services -- through
traditional and consumer- choice plans -- to employer groups,
government-sponsored plans, and individuals. Over its 44-year
history, Humana has consistently seized opportunities to meet
changing customer needs. Today, the company is a leader in consumer
engagement, providing guidance that leads to lower costs and a
better health plan experience throughout its diversified customer
portfolio. More information regarding Humana is available to
investors via the Investor Relations page of the company's web site
at http://www.humana.com/, including copies of: - Annual report to
stockholders; - Securities and Exchange Commission filings; - Most
recent investor conference presentation; - Quarterly earnings press
releases; - Audio archive of most recent earnings release
conference call; - Calendar of events (includes upcoming earnings
conference call dates, times, and access number, as well as planned
interaction with institutional investors); - Corporate Governance
Information.
http://www.newscom.com/cgi-bin/prnh/20030425/HUMANALOGO
http://photoarchive.ap.org/ DATASOURCE: Humana Inc. CONTACT: Ross
McLerran of Humana Corporate Communications, +1-504-219-5101, or
Web site: http://www.humana.com/ Company News On-Call:
http://www.prnewswire.com/comp/423125.html
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