OMAHA, Neb., Sept. 6 /PRNewswire/ -- Mutual of Omaha Insurance Company and Coventry Health Care have announced that they will work together to provide new Medicare Part D prescription drug insurance coverage to consumers nationwide.
The Part D Medicare program takes effect Jan. 1, 2006. Under the program, Medicare beneficiaries may purchase a prescription drug plan available in their area and will pay monthly premiums and co-payments or coinsurance for each prescription. The costs will vary based on the Part D plan they choose.
Mutual of Omaha’s agents and brokers will offer their clients Coventry’s Part D Medicare plans, known as AdvantraRx, along with Mutual of Omaha’s own line of Medicare supplement products.
“Coventry is the perfect choice for us,” said Carl Scott, Mutual of Omaha’s senior vice president of marketing. “They have extensive experience with government plans and can provide the competitive products and service our representatives expect.”
“Coventry is delighted to be the exclusive Medicare Part D solution for such a highly regarded and nationally recognized carrier as Mutual of Omaha,” said Coventry CEO Dale Wolf.
Mutual of Omaha is a full-service, multi-line provider of insurance and financial services products for individuals, businesses and groups throughout the United States. Founded in 1909, Mutual of Omaha and its affiliate companies manage assets in excess of $18 billion and are ranked among the Fortune 500. More information can be found at www.mutualofomaha.com.
Coventry Health Care is a national managed health care company based in Bethesda, Md., operating health plans, insurance companies, network rental/managed care services companies and workers’ compensation services companies. Coventry provides a full range of risk and fee-based managed care products and services to a broad cross-section of employer and government-funded groups, government agencies and other insurance carriers and administrators in all 50 states as well as the District of Columbia and Puerto Rico. The company is also a filed applicant in 34 PDP regions to be a national Medicare Prescription Drug Plan provider. For more information visit www.cvty.com and www.firsthealth.com.
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CONTACT: Joe Clauson, +1-402-351-5940, joe.clauson@mutualofomaha.com
