Blue Cross dropping senior drug plan
Some 13,000 senior citizens in Louisiana were recently notified by Blue Cross and Blue Shield of Louisiana that the insurance giant is dropping their prescription drug coverage at the end of the year. According to the letter, prescription drug coverage will end Dec. 31 and seniors enrolled in the plans will have to find new Medicare part D coverage. Members can join a new plan anytime between Oct. 15 and Feb. 28. "However, if you don't join a new drug plan by Dec. 31, you won't have prescription drug coverage starting Jan. 1, 2014," the letter states. In a statement released late this afternoon, BCBS says it decided to drop the coverage “after carefully evaluating its existing plans, networks and benefits along with the coming changes with implementation of the Affordable Care Act.” The company goes on to say, “Blue Cross is one of four Louisiana health insurance companies offering plans through the health insurance marketplace (Federal Fallback Exchange), and is the only company offering plans in all metal levels in all parts of the state. To have enough resources available to meet the needs of current members and the new members who will join through the marketplace, Blue Cross made the strategic decision to discontinue offering RxBLUE.” BCBS's Rx Blue Prescription Drug Plan was a Medicare-approved drug plan offered to seniors eligible for Medicare coverage.—Stephanie Riegel
Editor's note: This story has been updated from an earlier version.
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