Founded in 1946, Wisconsin Physicians Service (WPS) is a non-profit company that administers a variety of healthcare insurance plans. These include Medicare supplement plans, also known as Medigap. Medicare supplement plans help pay for medical expenses not covered by original Medicare Parts A and B. These expenses can include deductibles, coinsurance, and copayments. During the Medicare open enrollment period, people enrolled in original Medicare have the option to register for a Medigap plan. Several private insurance companies offer these plans, with dozens of different options. Understanding WPS Medicare supplement cost is important to determine the best plan for you.
Currently, WPS offers three separate Medicare supplement plans in Wisconsin and Minnesota. These plans are not standardized like other Medicare supplements. The insurer was able to develop these unique plans due to a federal waiver.
These plans are popular among retirees because they have low premiums and high customer satisfaction. They also have competitive coverage for people with health conditions and other concerns. These plans have a wide network of doctors and are designed to be easy for members to manage.
The company also offers add-on vision, dental, and hearing plans, which make it a comprehensive Medicare provider. It has a long history of providing quality services for its customers, and it has an excellent reputation for being a trustworthy provider. It also works with local and state governments to improve the healthcare system. Moreover, it is the leading claims processing service for the Centers for Medicare and Medicaid Services and the U.S. Department of Veterans Affairs.
In addition to its Medicare supplement plans, WPS also provides individual and family, short-term, and group health insurance. Its insurance products are backed by the ChooseHealthy program, which provides discounts on wellness products and services. It also helps members stay healthy by providing information about medical issues and conditions, including risk factors. Moreover, the company also supports community groups and organizations.
As a Medicare insurance company, WPS also has its own prescription drug plan. Its MedicareRx stand-alone prescription drug plans are available to residents of Wisconsin, and they can enroll in them anytime during the year, not just during the annual Medicare enrollment period. The company’s plans are rated 5-stars by the National Committee for Quality Assurance and feature a wide network of pharmacies.
In addition, its MedicareRx Plus Plans come with a free MTM program to manage medications and provide education. The company’s plans also include a foreign travel emergency rider that covers up to $100,000 of medical costs for those who are traveling abroad. They also provide a free monthly digital magazine called “Meaningful Living” that provides tips on health and safety. The company also offers other benefits, such as fitness and wellness programs, to its members. It is also dedicated to making it easier for members to access their medications, with many plans offering a nationwide network of pharmacies and a Medication Therapy Management program.