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 working with Medicare supplement plans which contain prescription drug provisions.
MedCo now operates as a subsidiary of Express Scripts, which means that the company’s new focus is on prescription drugs and prescription drug plans. 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|
Comparison shopping is an invaluable tool when it comes to finding a good price on any good or service. 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|
|$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|
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 better the company is.
|A.M. Best Rating||No Rating|
|Standard & Poor’s Rating||No Rating|
*Ratings as of 2/17/15
Express Scripts is one of the leading prescription drug providers for anyone on Medicare, Medicaid, or a regular health insurance plan. Since their acquisition of MedCo in April 2012, they are officially the largest pharmacy benefit manager in the entire country.
Telephone Number: 1-800-282-2881
To speak with a person:
MedCo Health Solutions, Inc.
100 Parsons Pond Drive
Franklin Lakes, NJ 07417-2603
Customers looking to get a rate quote, or learn more about plans have 2 options:
Mon-Fri, 8am-8pm EST