A stand alone "Part D" Medicare plan available...also available for employer group plans, according to the article they are the first license granted for a Part D only plan...BD
The California Department of Managed Health Care (DMHC), on December 31, 2007, granted its first license for a stand-alone Medicare Part D Plan to Envision Insurance Company (“Envision”). Under present California rules, plans which will operate solely as a Medicare Part D Prescription Drug Plan (PDP) Sponsor must receive a specialty license under the Knox-Keene Health Care Service Plan Act of 1975, in order to offer Part D plans in California once federal waivers expire. “Our organization is very pleased to be the first in California to be granted a license as a Medicare Part D only plan.
The DMHC is the California agency that licenses and regulates HMOs and other specialized health plans under the Knox-Keene Act. The Knox-Keene Act requires plans to meet a number of stringent financial and operational criteria in order to achieve licensure.
Envision is one of only twelve companies currently operating Medicare PDPs nationally under a federal contract with the Centers for Medicare and Medicaid Services (CMS). The company markets its Part D plans under the trade name EnvisionRx Plus.
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