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Most Medicare‑eligible retirees enrolled in Part D after DBM outreach; state expects first‑year savings
Summary
DLS and DBM reported on the transition of retiree prescription coverage to Medicare Part D. DBM said outreach reached more than 56,000 retirees and dependents, VIA Benefits enrolled roughly 84 percent of contacted retirees, and the department estimated roughly $50 million in first‑year savings, annualizing to about $100 million.
The Department of Legislative Services reviewed the Department of Budget and Management's transition of retiree prescription drug coverage to Medicare Part D and summarized initial enrollment results and projected savings.
Jacob Cash, the DLS analyst, told the Senate Budget and Taxation Committee that DBM and its benefits administrator, VIA Benefits, contacted 56,595 retirees and their dependents and an additional group of Medicare‑eligible retirees not previously on the state prescription drug plan. "Of the total group, approximately 84…
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