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Aetna and CVS/pharmacy Partner on Co-Branded Medicare Prescription Drug Plan
[October 06, 2011]

Aetna and CVS/pharmacy Partner on Co-Branded Medicare Prescription Drug Plan


Oct 06, 2011 (Close-Up Media via COMTEX) -- Aetna and CVS/pharmacy announced the launch of a new co-branded Medicare prescription drug plan.

The new Aetna CVS/pharmacy Prescription Drug Plan (PDP) is available in 43 states and Washington, DC and offers Medicare beneficiaries access to experienced CVS pharmacists and the convenience of shopping at their own neighborhood CVS/pharmacy, according to the Companies.



The plan offers a $26 monthly plan premium and has no deductible for generic drugs. Medicare beneficiaries who sign up for this plan and fill their prescriptions at a CVS/pharmacy will realize savings on their out-of-pocket prescription drug costs. By filling prescription drugs at a CVS/pharmacy, as compared to a non-preferred network pharmacy, plan members will: -pay a low $3 copayment for preferred generic prescriptions; and -save $10 on copayments for non-preferred generic and preferred brand prescriptions.

"We are committed to providing value to our Medicare beneficiaries, and this new plan is not only affordable, it increases our members' access to one of the premier pharmacy chains in the United States," said John Chomeau, head of Aetna Medicare. "With 75 percent of the U.S. population in the markets in which CVS/pharmacy operates living within 3 miles of a CVS drugstore, Medicare beneficiaries will have convenient access to the prescription drugs they need through this plan." "We are pleased to join with Aetna Medicare to offer Medicare beneficiaries a Part D plan that provides outstanding value along with the ease and convenience of filling their prescriptions at their neighborhood CVS/pharmacy," said Josh Flum, Senior Vice President, retail pharmacy, of CVS/pharmacy. "This plan allows members to build a relationship with their CVS pharmacist along with the opportunity to realize savings on their prescriptions." Annual enrollment for Medicare plans begins Oct. 15, and continues through Dec. 7.


CVS/pharmacy: CVS.com Aetna: aetna.com ((Comments on this story may be sent to [email protected]))

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