In today's economy, medical inflation isn't over yet, and it's putting pressure on retiree medical plans. Just when your administrative resources may be shrinking, your retirement population continues to expand. How can you juggle multiple plans, different billing options and claims services that may not be in your budget? Good question.

There are a lot of solutions out there. Of these, an employer-sponsored Group Retiree Insurance Plan (GRIP), offered through The Hartford, can be an excellent choice for a lot of reasons.

Be good to your retirees and your budget.

By electing GRIP, you can accomplish three important goals:

• Take retirees out of the active medical plan, improving the active plan experience.
• Fulfill your obligation to retirees.
• Integrate with Medicare, taking advantage of Medicare's cost-containment measures.

Helping to make it easier.

Why shoulder the administrative burden when you can offload it on The Hartford's approved third-party administrators? Our services assure you of:

• A choice of billing options with the ability to manage all types of vesting schedules.
• Various enrollment options to meet your needs.
• Electronic claims processing and payment.
• A toll-free customer service number for retirees, employers and providers.
• Online capabilities for inquiries about benefits and claims.
• Customer service representatives trained in senior care relations.
• HIPAA compliance.

A choice of Rx coverage plans.

With The Hartford, you have two ways to meet your retirees' prescription drug needs:

• Fully insured plans that meet creditable coverage guidelines from Centers for Medicare and Medicaid Services (CMS).
  • May qualify for the CMS Retiree Drug Subsidy for employer groups.
  • Through our Pharmacy Benefit Manager (PBM) contract with CVSCaremark, we can provide the reporting to request reimbursement from CMS under the subsidy.
  • Provided through both retail and mail-order pharmacies with an open formulary, which includes a preferred drug list and generic drugs.
• Medicare Part D Prescription Drug Plans (PDP) through Employer Group Waiver Plans.
  • The Hartford works with prescription drug plan sponsors with extensive experience in Part D coverage.