Haris Ashley
EPIC Insurance Brokers & Consultants is a unique and innovative insurance brokerage and consulting firm. It is one of the fastest-growing best places to work in the insurance industry. EPIC has industry expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services. The company is also known for its Elderly Pharmaceutical Insurance Coverage (EPIC) Program, which helps eligible New York residents aged 65 and above lower their Medicare Part D expenses, covering premiums, copays, and more.
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What You'll Learn
EPIC is a unique insurance brokerage and consulting firm
EPIC Insurance Brokers & Consultants is a unique and innovative insurance brokerage and consulting firm. It has a depth of industry expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services.
EPIC is committed to giving back to the communities in which it operates and empowering its people to do the same. The company is driven by capable and committed individuals who share common beliefs and values. EPIC prioritizes putting the needs of others first, embracing diversity and community, and working hard together.
The company's personalized services and specialized products have helped clients across a wide range of industries successfully manage risk and grow their businesses. EPIC's clients have praised the company for its unparalleled knowledge of their businesses, outstanding professionalism, responsiveness, and caring attitude.
EPIC has become one of the fastest-growing best places to work in the insurance industry. The company is always on the lookout for talented individuals who share their values and are committed to delivering exceptional service.
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EPIC provides elderly pharmaceutical insurance coverage
The Elderly Pharmaceutical Insurance Coverage (EPIC) program is a New York State program administered by the Department of Health. It provides seniors with co-payment assistance for Medicare Part D-covered prescription drugs after any Part D deductible is met. EPIC helps eligible New York residents aged 65 and over lower their Medicare Part D expenses, covering premiums, copays, and more.
EPIC has two plans based on income. The Fee Plan is for members with income up to $20,000 if single or $26,000 if married. Members on this plan pay an annual fee to EPIC based on their income. The Deductible Plan is for members with incomes ranging from $20,001 to $75,000 if single or $26,001 to $100,000 if married. Members on this plan must meet an annual deductible based on their income before paying EPIC co-payments for drugs.
EPIC co-payments range from $3 to $20, depending on the cost of the drug. The amount paid towards the Part D deductible does not count toward the EPIC deductible. However, the out-of-pocket amounts paid for covered drugs after meeting the Part D deductible will count toward the EPIC deductible. Once both deductibles are met, members will pay EPIC copays for their drugs.
EPIC also covers approved Part D-excluded drugs once a member is enrolled in Part D. It pays the Medicare Part D plan premiums, up to the amount of a basic plan, for members with annual incomes below $23,000 if single or $29,000 if married. Higher-income members are required to pay their Part D premiums, but EPIC provides premium assistance by lowering their EPIC deductible.
To apply for the EPIC program, individuals can complete the application and mail it to EPIC P.O. Box 15018 Albany, NY 12212-5018, or fax it to (518) 452-3576. They can also apply online or call the Office for the Aging HIICAP Line at (585) 396-4521 or (315) 781-1321 for more information.
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EPIC covers approved Part D-excluded drugs
EPIC, or the Elderly Pharmaceutical Insurance Coverage Program, is a New York State program that provides secondary prescription drug coverage for seniors with Medicare Part D. EPIC covers approved Part D-excluded drugs, such as prescription vitamins and cough and cold preparations, once a member is enrolled in a Part D plan.
EPIC supplements Medicare Part D drug coverage to provide greater annual benefits and savings for its members. When purchasing prescription drugs, members must show both their EPIC and Medicare Part D drug plan cards at the pharmacy. EPIC will cover the cost of drugs not covered by Part D, including co-payments and co-insurance, after any Medicare Part D deductible is met. The member will then pay an EPIC co-payment ranging from $3 to $20, depending on the cost of the drug.
To maximize benefits, it is recommended that members choose a pharmacy that participates in both EPIC and their Medicare Part D drug plan. When travelling outside of New York State, members should ensure they have sufficient supplies of all medications and contact their Part D drug plan to find out their policy on refilling prescriptions while out of the state. EPIC will only pay for Part D- and EPIC-covered drugs after any Medicare deductible is met or approved Part D-excluded drugs purchased from an EPIC participating pharmacy.
EPIC has two plans based on income: the Fee Plan and the Deductible Plan. The Fee Plan is for members with incomes up to $20,000 if single or $26,000 if married, while the Deductible Plan is for members with incomes ranging from $20,001 to $75,000 if single or $26,001 to $100,000 if married. Income-eligible EPIC seniors are required to apply for Extra Help, which provides a Low-Income Subsidy with reduced co-payments for approved drugs.
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EPIC offers risk management, property and casualty insurance
EPIC Insurance Brokers & Consultants is an innovative insurance brokerage and consulting firm. They offer a wide range of services, including risk management, property and casualty insurance, employee benefits, unique specialty program insurance, and private client services.
EPIC's risk management services help clients protect and grow their businesses by providing personalized services and specialized products across various industries. They work with clients to develop and manage their insurance portfolios, ensuring they have the right coverage to mitigate potential risks.
Their property and casualty insurance offerings provide protection for businesses and individuals against losses and damages. This includes coverage for physical assets, such as buildings and equipment, as well as liability protection in the event of accidents, injuries, or legal claims.
EPIC's team of experts has extensive industry knowledge and experience, enabling them to provide tailored solutions to meet the unique needs of their clients. They work closely with their clients to understand their specific situations and develop comprehensive insurance plans that address their exposure to risk and help protect their assets.
In addition to their risk management and property and casualty insurance offerings, EPIC also provides a range of other services, including employee benefits consulting and private client services. They are committed to giving back to the communities they serve and fostering a culture based on shared values, beliefs, and respect for diversity.
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EPIC provides private client services
EPIC Insurance Brokers & Consultants is an innovative insurance brokerage and consulting firm. They offer personal risk management consulting and insurance portfolio development and management for high-net-worth individuals.
EPIC's private client services include building and maintaining a customized insurance portfolio for each client. This portfolio is tailored to address their specific exposures to loss and ensure the protection of their wealth and family. EPIC also provides access to financial and wealth preservation tools, empowering clients to make informed decisions about their financial future.
Additionally, EPIC's private client services extend beyond insurance. They offer risk management consulting, helping clients identify potential risks and develop strategies to mitigate them. This proactive approach ensures that clients can maintain their financial stability and security in the face of unforeseen events or challenges.
EPIC's commitment to its clients is evident in their dedication to protecting their success and providing personalized services. By offering customized insurance portfolios and access to financial tools, EPIC ensures that high-net-worth individuals can safeguard their achievements and plan for the future with confidence.
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Frequently asked questions
EPIC Insurance is a unique and innovative insurance brokerage and consulting firm that provides risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services.
EPIC stands for Elderly Pharmaceutical Insurance Coverage.
EPIC Insurance helps eligible New York residents aged 65 and above lower their Medicare Part D expenses, covering premiums, copays, and more. It also covers approved Part D-excluded drugs once a member is enrolled in Part D.
