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Blue Cross and Blue Shield of Florida Introduces BlueMedicare(SM) Group Retiree Products

Saturday, August 18, 2007 General News J E 4
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JACKSONVILLE, Fla., Aug. 16 Blue Cross and Blue Shield ofFlorida (BCBSF) has announced the introduction of three new BlueMedicare(SM)group retiree coverage options: BlueMedicare(SM) Group Rx prescription drugbenefit, BlueMedicare(SM) Group PPO and BlueMedicare(SM) Group HMO. These newoptions offer increased savings and allow employers to meet the challenge ofproviding coverage to Medicare-eligible employees, retirees and dependents.

"Employers are concerned about the costs associated with providing healthcoverage to employees and retirees," said Barbara Benevento, group vice-president, Senior Markets, BCBSF. "Now, more than ever, managing health carecosts demands sound planning and innovative ideas. With BlueMedicare Groupretiree plans, Blue Cross and Blue Shield of Florida offers solutions that canhelp employers maintain their long-term commitment to their retirees."

Recent changes to Medicare regulations have created new alternatives forproviding health care and prescription drug benefits to retiree populationsthat can help employers control costs. If a group is self-funded, theemployer can move the risk of a Medicare-eligible population to a fullyinsured product. Groups can also take advantage of federal dollars they maynot be receiving through their current plan offerings.

BlueMedicare Group Rx and PPO plans are available statewide, while theBlueMedicare Group HMO plan is available in Broward, Miami-Dade and Palm Beachcounties. BlueMedicare Group HMO will be available in additional counties in2008. BlueMedicare Group PPO and HMO plans may be offered to Medicare-eligible retirees and their Medicare-eligible dependents.

Blue Cross and Blue Shield of Florida is a leader in Florida's healthindustry. BCBSF and its subsidiaries serve more than 8.7 million people.Since 1944, the company has been dedicated to meeting the diverse needs of allthose it serves by offering an array of choices. BCBSF is a not-for-profit,policyholder-owned, tax-paying mutual company. Headquartered in Jacksonville,Fla., BCBSF is an independent licensee of the Blue Cross and Blue ShieldAssociation, an association of independent Blue Cross and Blue Shieldcompanies. For more information concerning BCBSF, please see its Web site athttp://www.bcbsfl.com.

SOURCE Blue Cross and Blue Shield of Florida
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