Employer Group Waiver Plans (EGWP’s or Eggwhips) also known as employer retiree Medicare Advantage plans are a type of health plan offered by a public or private employer to its retiree population. There are currently over 4 million retirees in Eggwhips nationwide.
Created by the Medicare Modernization Act of 2003, Eggwhips successfully enable employers nationwide to maintain consistent benefits and contain costs for health coverage in retirement for enrollees. Waivers enable Eggwhips to provide customized benefits to match existing benefits of the members current health coverage, these plans are typically a PPO plan instead of a HMO.
Humana PPO plans provide eligible retirees the freedom to choose providers (as long as the provider accepts Medicare and agrees to bill the plan).
Medicare options for labor retirees
Humana Group Medicare serves your unique needs
We work extensively with Taft-Hartley funds, union-sponsored VEBA trusts and other groups in both the private and public sectors that cover more than 70,000 collectively bargained retirees.
Humana has a dedicated Group Medicare division—including labor relations representatives and support staff—that can assist you with designing retiree medical plans, with or without prescription drugs, for multi-employer funds and other labor-sponsored benefit arrangements that qualify for Group Medicare benefit plans.
Potential savings for you and your Medicare-eligible retirees
Humana can help you maintain the benefit levels your members have come to expect. In many cases, we can lower costs significantly for your plan and your retirees while maintaining those benefit levels.
If you are concerned about the affordability of retiree medical benefits, we can work with you to design a plan to meet your needs and objectives. Humana can provide many flexible options for medical and prescription drug benefits including customized plans to meet your needs.
Why Humana?
We're Dedicated to People with Medicare
• 14,000+ associates dedicated to every aspect of Medicare Advantage and Part D
• Dedicated Group Medicare Operations and Account Management Teams
Our Coverage Helps Retirees Feel Good All Over
• Members in every state, plus Puerto Rico and the District of Columbia
• We cover nearly 8.6 million Medicare Advantage and Medicare Part D Prescription Drug Plan members**
• 432+ Group MA, MAPD and PDP customers with more than 500,000 members**
