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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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Along with formulary and benefit design, pharmacy network strategy is another tool plan sponsors can use to help contain rising prescription drug costs. Our insights article discusses: