Health and benefit plan provider Wisconsin Physicians Service Insurance Corp. said Friday that its plan for a new prescription drug program for seniors in Wisconsin has moved one step closer to reality.
The Madison-based company, which operates as WPS Health Insurance, said its program received conditional approval from the federal Centers for Medicare & Medicaid Services. WPS may market the plan in the state after final approval is granted in September, the company said.
WPS told regulators that it would begin informing eligible seniors of the new drug plan during the first week of October. Enrollment is to begin Nov. 15, with coverage taking effect Jan. 1, 2006.
WPS Health Insurance is a not-for-profit organization providing health and benefit plan administration for businesses and individuals. WPS has a Wisconsin network of more than 14,500 providers, 800 clinics and specialty care clinics and 129 hospitals.
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