News and Updates

March 26, 2008

Frustrated Brothers Tackle Medicare Part D, Lower Costs Industry Wide

(Dallas, TX) March 26, 2008 -- The concept for a comprehensive website that gives prescription drug consultation and a customized, exhaustive ranking of Medicare Part D plans started when two brothers, Phillip and Edward Boles, tried to find a plan for their mother. As Edward remembers, "It took us hours to calculate the price of a small selection of plans. I am a professional pharmacist; imagine the trouble the average senior must be having!"

To help their mother, and the millions of troubled seniors on Medicare like her, the pair created MedicareSaver.com. This web site helps seniors by searching for less expensive medications, communicating these recommendations to their doctor, showing a complete breakdown of pricing for available plans, and assisting in enrollment.

"At first we wanted to give everyone a way to accurately compare all the plans based on their specific medications, but the concept kept growing until it turned into something amazing!" adds Phillip, who is also a registered nurse.

The recently launched MedicareSaver.com is part of the growing movement of seniors turning to the web to make important decisions. More than half a million Part D beneficiaries enrolled online for 2008, an increase of nearly 50% over 2007. However, results could be much better. Many seniors are searching the web for answers and coming up empty handed. Most sites are complicated, full of marketing gimmicks, and almost none offer a free, unbiased comparison of all available plans in their state. Seniors also complain that the government’s Medicare site uses small font and is difficult to understand.

This is one reason why seniors have severe difficulty selecting their plan, with the typical enrollee taking more than eight hours to choose. It is easy to see why they get stuck with overpriced coverage. Most do not want to go through this arduous process again, especially when there is no way of knowing if the new plan they pick will be any better than their current one.

However, MedicareSaver.com was made especially with the senior in mind. It has large text, is simple to use, and comes with a video guide who leads clients through, step by step. The entire process takes 15 minutes and customers leave knowing they have the lowest cost medications and Part D plan.

MedicareSaver.com is not just good for the senior. Insurance companies, doctors, and pharmacists also benefit because their customers are using the most cost effective drugs available. To leverage the platform's value across the industry, the team is working with industry leaders on specialized solutions to help them and their customers.

"As a pharmacist, it’s the perfect tool for me," points out Edward, "My time behind the counter is limited, but with MedicareSaver.com I can make sure my customers find the lowest priced drugs and insurance coverage in the least amount of time."

This is why MedicareSaver.com stands to make a dramatic impact in lowering Medicare prescription costs industry-wide.

Contact:
Brandt Cannici
Director of Operations,
MedicareSaver Inc.
Phone: 214/440-9713
Fax: 214/269-1333
E-Mail: bcannici@medicaresaver.com

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*Last Update 11-16-2008