Redeem Senior Saver is for believers 65 years of age and older. It is designed to work with Medicare Parts A and B, providing a significantly lower share. In Senior Saver, Medicare Parts A and B will cover 80% of the costs of bills incurred for services that Medicare covers with Redeem members sharing the remaining 20%. Members are not required to join Senior Saver when they turn 65; they can participate in Redeem Essential or Redeem Enhanced for as long as they like.
1. Senior Saver Membership Requirements
- Seniors must have Medicare Parts A and B at the time of joining Senior Saver
- Members wishing to have prescriptions shared must also have Medicare Part D.
- Members may only join as individuals. Those wishing to have a “couple” or “family” membership will need to participate in Redeem Essential or Redeem Enhanced.
- All other membership requirements in Section I apply
2. FlexShare
- The FlexShare option is available to members of Senior Saver.
- The FlexShare annual limit for each Senior Saver membership is $1,000
3. What is Shareable
- Items that Medicare Parts A and B cover will also be shareable with Redeem members after Medicare’s coverage has been applied and the $500 AUA has been reached.
- Prescriptions can be shared only for Senior Saver members with Medicare Part D after Medicare’s coverage has been applied and the $500 AUA has been reached.
- The exceptions to the above would be any bill related to services mentioned in section III.G (Not Eligible for Sharing).