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."

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