DRX Trends

DRX Technology Streamlines Enrollments for Medicare Sales Organizations

During open enrollment, Medicare sales organizations rely on DRX technology to streamline and simplify the plan comparison and enrollment process. This October, independent national insurance broker Longevity Alliance was the latest to announce a strategic agreement with DRX.

Longevity Alliance will now use DRX's PlanCompare and BrokerLink technology to enable dynamic Medicare plan comparison and enrollment through Longevity's iquote.com web property.

Highlights:

• The direct-to-consumer Medicare portal on iquote.com will feature multi-carrier quoting for Medicare health and prescription drug plans using data fed by DRX from carriers and updated on the same cycle as medicare.gov. 
• Health plan comparisons include a detailed look at full benefits and total costs for CMS-approved carriers, including true out-of-pocket cost calculations that account for the beneficiary's health status and current prescription drug regimen.
• Drug plan comparisons include full prescription drug, formulary, and pharmacy pricing.

Medicare sales organizations are responsible for over two million enrollments each year. DRX technology is a powerful resource that connects them directly to carriers, empowers agents to help clients make informed purchasing decisions, and streamlines enrollments.

10 Million+ Beneficiaries Have Been Enrolled in Medicare Plans Using DRX Tools

This November marks an important DRX milestone: the enrollment of over 10 million beneficiaries into a Medicare plan using a licensed DRX tool.

PlanCompare, DRX’s online suite of tools for plan comparison and enrollment, allows beneficiaries to make informed decisions about Medicare prescription drug plans, Medicare Advantage plans and Medicare Supplemental plans based on total annual costs (accounting for both premiums and out-of-pocket costs), and then enroll in the plan option that best meets their needs.

What are some of the other key PlanCompare milestones?

• 2004: DRX licenses proprietary PlanCompare technology to the Centers for Medicare and Medicaid Services (CMS) for the Prescription Drug Discount Card Program

• 2005: Medicare Part D and Medicare Advantage plan comparison and enrollment tools are added to the PlanCompare suite

• 2010: Medicare Supplemental plan comparison and enrollment tools are added

• 2011: DRX launches BrokerLink, connecting Medicare health plans with senior sales organizations and other exchange providers to further streamline beneficiary enrollments

• 2011: Over 10 million Medicare beneficiaries are enrolled into a Medicare plan using a licensed DRX tool

DRX’s Medicare plan comparison and enrollment tools—which are found on Medicare.gov and on the web portals of America’s largest health plans, Fortune 500 employers, brokers, agents, and other organizations that license these exchange products—not only facilitate enrollments, but also reduce costs for all involved, ultimately benefiting the overall Medicare system.