Walmart Added to the Preferred Pharmacy Network of the Aetna CVS/pharmacy Prescription Drug Plan

Wed Jan 8, 2014 10:35am EST

* Reuters is not responsible for the content in this press release.

Walmart Added to the Preferred Pharmacy Network of the Aetna CVS/pharmacy Prescription Drug Plan

Aetna (NYSE: AET) today announced that Walmart and Sam’s Club pharmacies will be added to the preferred pharmacy network of the Aetna CVS/pharmacy Prescription Drug Plan (PDP) as of January 1, 2014.

The Aetna CVS/pharmacy Prescription Drug Plan offers a median $32 monthly plan premium,* as well as low, fixed copays for generic medicines. Medicare beneficiaries who sign up for this plan and fill their prescriptions at a Walmart or Sam’s Club pharmacy may realize savings on their out-of-pocket prescription drug costs. By filling prescription drugs at these preferred pharmacies, as compared to a non-preferred network pharmacy, plan members will:

  • Pay a low $2 copayment for nearly 800 preferred generic drugs in most states;** and
  • Pay a low $1 copayment in all states for specialty generic drugs that are commonly used for the treatment of hypertension, high cholesterol and diabetes.

“We are committed to providing excellent quality and value to our Medicare members,” said Nancy Cocozza, president of Aetna’s Medicare business. “The addition of Walmart and Sam’s Club pharmacies to the preferred pharmacy network for this plan offers members greater affordability when they purchase medicines at one of these popular pharmacy chains.”

The Aetna CVS/pharmacy Prescription Drug Plan is available in 43 states and the District of Columbia, and it offers Medicare beneficiaries value along with access to experienced pharmacists and the convenience of shopping at neighborhood pharmacies. The plan’s preferred pharmacy network comprises 4,200 Walmart, 580 Sam’s Club and 7,500 CVS/pharmacy locations. In addition to the preferred pharmacy network, members can also use any of the 52,700 pharmacies in the Aetna Medicare network.

*Median $32 monthly plan premium is the median of the plan premiums in the 27 CMS regions (44 states and Washington, D.C.) where the plan is offered.
**$3 copayment for preferred generic drugs is available in Hawaii and New Mexico.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving an estimated 44 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.

Aetna Medicare is a prescription drug plan with a Medicare contract. Enrollment in Aetna Medicare depends on contract renewal. The benefit information provided is a brief summary, not a complete description of benefits. For more information, contact the plan. Limitations, copayments and restrictions may apply. Benefits, formulary, pharmacy network, provider network, premium and/or copayments/coinsurance may change on January 1 of each year. You must continue to pay your Medicare Part B premium. Other pharmacies available in our network Plans are offered by Aetna Health Inc., Aetna Health of California Inc., and/or Aetna Life Insurance Company (Aetna). Plan features and availability may vary by location.

Media Contact:
Aetna
Kendall Marcocci, 717-540-6746
kmarcocci@cvty.com