PR Newswire
WOONSOCKET, R.I., Oct. 1, 2023
Plans feature expanded money-saving benefits that matter most to members
WOONSOCKET, R.I., Oct. 1, 2023 /PRNewswire/ -- Aetna®, a CVS Health® company (NYSE: CVS), announces our 2024 Medicare products ― the largest Medicare offering in our history1 ― featuring more choices, flexible benefit allowances, a strong provider network and further simplified medical and prescription drug plans that support members' overall health and well-being. We included dental, vision and hearing benefits on every Medicare Advantage (MA) plan, reduced prescription drug costs across our Medicare Advantage Prescription Drug (MAPD) plan portfolio and enriched our Extra Benefits Card and over-the-counter (OTC) benefits on many plans. We'll also offer new MA plan options and expanded money-saving benefits for individuals who qualify for a Dual Eligible Special Needs Plan (D-SNP) or Extra Help.
"Our experience shows Medicare consumers want more than just a one-size-fits-all approach to health care," said Terri Swanson, president of Aetna Medicare. "They want personalized plans that fit their unique needs and budgets, and flexible benefits that matter most to them. And Aetna kept this top of mind when developing plans for 2024. Our brokers and service teams are energized by our 2024 Medicare product portfolio and stand ready to guide consumers across the country to choose a plan that's right for them."
A pioneer in the Medicare industry, Aetna has served Medicare beneficiaries since 1966, when it paid the nation's first Medicare claim. Aetna now serves nearly 11 million Medicare members nationwide, including 3.4 million currently enrolled in an Aetna MA plan.
New and expanded individual MA plans to support diverse needs
We made significant investments in our 2024 plan benefits that will offer members more choices, added value and greater flexibility to help with everyday expenses and empower them to achieve their personal health goals. Plan highlights include:
More choices and greater flexibility, with benefits that matter most to members
Medicare can be confusing. So we simplified our plans and invested in those benefits that are most important to our members. To make staying healthy easier, we looked closely at benefit details and made meaningful improvements, like replacing frozen foods with freshly prepared meals. Highlights include:
Continued reductions in prescription drug costs across the MAPD portfolio
We continued to make changes to our formularies (drug lists) for 2024 to reduce cost and obstacles to accessing medications. These changes also help our members be more adherent with their medications. Highlights include:
Innovative programs and money-saving benefits through CVS Health
As a CVS Health company, Aetna offers a unique set of assets that enables us to bring care closer to home. We'll provide individual MA members access to convenient and affordable benefits and programs in their communities, including:
Robust standalone prescription drug plans
The Aetna standalone prescription drug plans (PDPs) serve 6.1 million members. In 2024, Aetna Medicare will continue to offer three individual, standalone plans. SilverScript® SmartSaver (PDP) will feature an average monthly premium of $11.19, along with $0 copays for Tier 1 generics at preferred pharmacies and a reduced deductible from 2023. SilverScript Choice (PDP) will be available to members with full Extra Help for a $0 monthly plan premium in 21 states and D.C., while SilverScript Plus (PDP) has the most robust prescription drug coverage of our PDPs including $0 Tier 1 and $0 Tier 2 generics at preferred pharmacies. All three plans are available in all 50 states and D.C.15
Competitive Medicare Supplement and ancillary plan options
To complete our portfolio of products, Aetna also offers Medicare Supplement plans. With more than 1.4 million members, our competitively priced individual Medicare Supplement plans use a simplified underwriting process. We also offer popular dental, vision and hearing products in 40 states. Our ancillary plan options cover 45 states and often offer members personalized, add-on protection to their individual Medicare plans. This includes plans that provide life insurance coverage, dental, vision and hearing coverage, benefits paid directly to them after being diagnosed with cancer, or for hospital stays, and home or skilled nursing facility recovery care.
Visit AetnaMedicare.com to learn more about our 2024 Aetna Medicare plans. Or call 1-844-588-0041 (TTY: 711), 7 days a week, 8 AM to 8 PM. The Medicare Annual Enrollment Period runs from October 15 through December 7, 2023. A licensed agent may answer your call.
1 Aetna filed 747 individual MA plans with CMS for 2024. This represents the largest number of plans in our history.
2This number includes the Aetna Joint Venture in Minnesota (with Allina Health).
3Centers for Medicare & Medicaid Services (CMS) Enrollment data, August 2023.
4Extra Supports Wallet not included with IN and CA plans.
5Pet care supplies not included with NJ plans.
6Known as Value plan for Allina Health │ Aetna Medicare.
7U.S. Department of Health and Human Services. Fact sheet: Biden-Harris administration announces new tools to lower prescription drug costs for low-income seniors and people with disabilities. June 12, 2023. Accessed September 18, 2023.
8These plans do not include prescription drug coverage. They are available to all Medicare-eligible individuals and could be a good fit for beneficiaries who already have prescription drug coverage at least as good as Medicare Part D.
9Excluding NY I-SNP.
10OTC items are only included in the Extra Supports Wallet for D-SNPs and limited plans.
11Excludes CVS Pharmacy in Target locations.
12Exception: SilverSneakers is not available with the Aetna Medicare Longevity Plan (I-SNP).
13Not all medications are dispensable in 100-day supply due to unbreakable package sizing (e.g., inhalers), or as a result of being a controlled substance.
14Members have a choice of providers and can elect to go to their PCP or a nationally contracted clinic of their choice.
15CMS: https://www.cms.gov/medicare/coverage/prescription-drug-coverage.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
About Aetna
Aetna, a CVS Health business, serves an estimated 36 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 and behavioral health 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, visit Aetna.com.
Aetna Medicare is a HMO, PPO plan with a Medicare contract. Our DSNPs also have contracts with State Medicaid programs. Enrollment in our plans depends on contract renewal. Plan features and availability may vary by service area. The formulary /or pharmacy network may change at any time. You will receive notice when necessary. The Aetna Medicare pharmacy network includes limited lower cost, preferred pharmacies in Suburban Arizona, Rural California, Urban Kansas, Rural Michigan, Suburban Michigan, Urban Michigan, Urban Missouri, Rural North Dakota, Suburban Utah, Suburban West Virginia and Suburban Wyoming. 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 whether there are any lower-cost preferred pharmacies in your area, members please call the number on your ID card, non-members please call 1-833-278-3928 (TTY: 711) or consult the online pharmacy directory. Other pharmacies and providers are available in our network. Out-of-network/non-contracted providers are under no obligation to treat plan members, except in emergency situations. Please call our customer service number or see your Evidence of Coverage for more information, including the cost-sharing that applies to out-of-network services. Participating health care providers are independent contractors and are neither agents nor employees of Aetna. The availability of any particular provider cannot be guaranteed, and provider network composition is subject to change. Eligibility for the Model Benefit or Reward and Incentive (RI) Programs under the Value-Based Insurance Design (VBID) Model is not assured and will be determined by Aetna after enrollment, based on relevant criteria (e.g., clinical diagnoses, eligibility criteria, participation in a disease state management program). If your plan's Extra Benefits Card includes roll-over, any unused amount will rollover into the next month/quarter. The monthly/quarterly amount can be rolled over through the end of the plan year but will not carry over into the next plan year. For mail-order, you can get prescription drugs shipped to your home through the network mail-order delivery program. Typically, mail-order drugs arrive within 10 days. You can call 1–866–235–5660 (TTY: 711), 24 hours a day, 7 days a week, if you do not receive your mail-order drugs within this timeframe. Members may have the option to sign-up for automated mail-order delivery.
SilverScript is a Prescription Drug Plan with a Medicare contract marketed through Aetna Medicare. Enrollment in SilverScript depends on contract renewal.
Aetna, CVS Pharmacy and MinuteClinic, LLC (which either operates or provides certain management support services to MinuteClinic-branded retail health clinics) are part of the CVS Health family of companies.
Resources For Living is the brand name used for products and services offered through the Aetna group of subsidiary companies.
SilverSneakers is a registered trademark of Tivity Health, Inc. ©2023 Tivity Health, Inc. All rights reserved.
Apple Fitness+ is a trademark of Apple Inc.
©2023 Aetna Inc.
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Media contact
Ethan Slavin
860-273-6095
[email protected]
Investor contact
Larry McGrath
800-201-0938Please
[email protected]
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SOURCE CVS Health
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