Aetna and CVS/pharmacy are partnering to offer a new co-branded Medicare prescription drug plan, which will be available in 43 states and Washington, D.C.

On this plan, there is a $26 monthly plan premium with no deductible for generic drugs at CVS/pharmacies. Compared to a nonpreferred network pharmacy, plan members will pay a $3 copayment for preferred generic prescriptions and save $10 on copayments for nonpreferred 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," says John Chomeau, head of Aetna Medicare. "With 75 percent of the U.S. population in the markets in which CVS/pharmacy operates living within three miles of a CVS drugstore, Medicare beneficiaries will have convenient access to the prescription drugs they need through this plan."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.