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Navigating Employer Group Waiver Plan (EGWP) Formularies
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Download our insights article for an EGWP formulary checklist
The “800-series” EGWP Part D Plan, marketed under the name Medicare GenerationRxSM, is a fully-insured group plan underwritten by Transamerica Life Insurance Company (Cedar Rapids, IA), a Transamerica company. Transamerica Life Insurance Company is a PDP plan sponsor with a Medicare contract. Enrollment in this plan depends on contract renewal.
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Open vs. Closed Formulary
Utilization management is part of a Part D formulary
Drugs within protected classes
Drugs excluded from Part D
Formulary change requirements
When evaluating an Employer Group Waiver Plan (EGWP), make sure to look for a transparent cost savings analysis. An important component of your prescription solution is the formulary. Our insight article discusses: