MedCo Insurance Company was recently acquired by, and now operates as a subsidiary of, Express Scripts. The company is one of the largest providers of prescription drugs and Rx drug plans in the country. They specialize in Medicare Part D and work with Medicare supplement plans that contain prescription drug provisions. MedCo Medicare Plans are intended to fill prescription coverage gaps in traditional health plans.
Key Takeaways
- MedCo Insurance is a subsidiary of Express Scripts, one of the leading prescription drug providers in the nation.
- MedCo Medicare Plans prioritize prescription drug coverage.
- Policyholders are exclusively offered Medicare Part D supplemental plans.
- As of 2015, MedCo has a Moody’s credit rating of Baa3.
Affiliated Brand Names
- MedCo
- MedCo Express Scripts
- Express Scripts
Company Highlights
- Currently employs more than 30,000 employees
- 1.4 billion total adjusted prescriptions
- Over 80% of drugs dispensed are affordable generics
- Number 24 on the Fortune 500 list
MedCo Medicare Plans Offered
Because MedCo now operates as a subsidiary of Express Scripts, the company’s new focus is on prescription drugs and prescription drug plans. MedCo Medicare Plans exclusively offer coverage for prescription and drug services, so they’re considered supplemental. New customers may not be able to sign up for a Medicare Advantage or Medicare supplement insurance plan. Current Medigap policies may be managed by third parties.
| Medicare Supplement Plans | NO |
| Medicare Advantage Plans | NO |
| Medicare Part D Drug Plans | YES |
MedCo Premium Comparison
Comparison shopping is an invaluable tool when it comes to finding a good price on any good or service. Shopping around can be overwhelming at times, so we’ve made the process a little easier. Below, you will see a bar graph for average prices, as well as how those prices compare to the rates that MedCo is offering:
This Table Represents National Average Costs of Medicare Supplement Plans
| Plan Type | Starting From | Part A Deductible | Part B Deductible | Excess | Nursing | Travel | |
|---|---|---|---|---|---|---|---|
| Plan C | $118* | $0 | $0 | Not Covered | 100% Covered | 100% Covered | Request Info |
| Plan F Most popular |
$116* | $0 | $0 | 100% Covered | 100% Covered | 100% Covered | Request Info |
| Plan G | $105* | $0 | $147 | 100% Covered | 100% Covered | 100% Covered | Request Info |
| Plan B | $104* | $0 | $147 | Not Covered | Not Covered | Not Covered | Request Info |
| Plan N | $70* | $0 | $147 | Not Covered | 100% Covered | 100% Covered | Request Info |
| Plan D | $97* | $0 | $147 | Not Covered | 100% Covered | 100% Covered | Request Info |
| Plan A | $69* | $1 | $147 | Not Covered | Not Covered | Not Covered | Request Info |
| Plan L | $76* | $304 | $147 | Not Covered | 75% Covered | Not Covered | Request Info |
| Plan K | $45* | $608 | $147 | Not Covered | 50% Covered | Not Covered | Request Info |
| Plan M | $97* | $608 | $147 | Not Covered | 100% Covered | 100% Covered | Request Info |
Financial Strength Ratings
Credit rating agencies, like the big 3 listed below, don’t just examine credit. They also look at the financial strength of a company. As you can probably guess, the higher the rating, the higher the strength – and the more reliable the company is.
| A.M. Best Rating | No Rating |
| Standard & Poor’s Rating | No Rating |
| Moody’s Rating | Baa3 |
*Ratings as of 2/17/15
MedCo Review
Express Scripts is one of the leading prescription drug providers for anyone on Medicare, Medicaid, or a regular health insurance plan. MedCo Medicare Plans are intended to provide drug coverage where traditional health insurance has gaps. As a result of their acquisition of MedCo in April 2012, they have officially become the largest pharmacy benefit manager in the entire country.
- Market Experience
- Fast Claims Processing
- Strong Financial Reserves
- Competitive Rates
- Customer Satisfaction
How To File A Claim With MedCo
Telephone Number: 1-800-282-2881
To speak with a person:
- Say “claim”
- Give the automated system your date of birth, and name
- You will then be transferred to a live customer service representative
Company Contact Information
Customer Service:
800.282.2881
Mailing Address:
MedCo Health Solutions, Inc.
100 Parsons Pond Drive
Franklin Lakes, NJ 07417-2603
How To Get A Rate Quote
Customers looking to get a rate quote, or learn more about plans have 2 options:
- Call a licensed insurance representative at: (877) 910-7579
- Complete an online quote request at:
http://www.medigap.com/form/
