Aetna Introduces New Low-Cost Prescription Drug Plan (PDP)

Business Wire

$18 average plan premium makes new stand-alone Part D plan one of the lowest-cost plans available nationwide in 2018¹

HARTFORD, Conn.--(BUSINESS WIRE)-- Aetna (NYSE: AET) announced the launch of Aetna Medicare Rx® Select (PDP). This new, low-cost prescription drug plan is designed for active, cost-conscious consumers. The plan will be available beginning January 1, 2018 in 27 states² and the District of Columbia.

Aetna Medicare Rx Select (PDP) features $18 average monthly plan premiums. It has $0 copays for 80 Tier 1 generic medications at preferred pharmacies like Kroger, Albertsons Companies’ pharmacies, Publix and ShopRite. The plan offers enhanced gap coverage and $0 deductible for Tier 1 and Tier 2 generic drugs. These members can shop at more than 41,500 pharmacies nationally, with over 18,500 preferred pharmacies offering even lower costs for some medications.

“We know rising prescription drug costs are a big concern for Medicare beneficiaries,” said Nancy Cocozza, senior vice president and head of Aetna Medicare. “That’s why we designed a plan that offers generic drugs at low and predictable costs, with one of the lowest monthly premiums available nationwide.”

Nationally, Aetna offers three Medicare prescription drug plans and many Medicare Supplement and Medicare Advantage plans. We’ve designed plans to help meet the health, lifestyle and financial goals of Medicare beneficiaries. Additional information on plan options is available at AetnaPartD.com or by calling 1-833-834-9435 (TTY: 711), 7 days a week, 8 a.m. to 8 p.m. The Medicare Annual Enrollment Period runs from October 15 through December 7, 2017.

About Aetna
Aetna is one of the nation’s leading diversified health care benefits companies, serving an estimated 44.6 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 and learn about how Aetna is helping to build a healthier world. @AetnaNews

Aetna Medicare is a PDP, HMO, PPO plan with a Medicare contract. Our SNPs also have contracts with State Medicaid programs. Enrollment in our plans depends on contract renewal. This information is not a complete description of benefits. Contact the plan for more information. Limitations, copayments, and restrictions may apply. Benefits and/or co-payments/co-insurance may change on January 1 of each year. Other pharmacies are available in our network. Members who get “Extra Help” are not required to fill prescriptions at preferred network pharmacies in order to get Low Income Subsidy (LIS) copays. The formulary and/or pharmacy network may change at any time. You will receive notice when necessary. Aetna Medicare’s pharmacy network offers limited access to pharmacies with preferred cost sharing in: Suburban NY and Rural UT, AR and NY. The lower costs advertised in our plan materials for these pharmacies may not be available at the pharmacy you use. For up-to-date information about our network pharmacies, including pharmacies with preferred cost sharing, members please call the number on your ID card, non-members please call 1-855-338-7027 (TTY: 711) or consult the online pharmacy directory at http://www.aetnamedicare.com/pharmacyhelp. See Evidence of Coverage for a complete description of plan benefits, exclusions, limitations and conditions of coverage. Plan features and availability may vary by service area.

¹ CMS Data, 2018; average monthly plan premium is $18 in 27 states and the District of Columbia.
² AL, AZ, CA, CT, DE, FL, GA, IL, IN, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WI, WV