Coventry and Walgreens Join Forces to Educate Medicare Beneficiaries About
Part D Prescription Drug Plan Options
Open Enrollment Runs through Dec. 7 for the 2013 Plan Year
WASHINGTON, Nov. 15, 2012
WASHINGTON, Nov. 15, 2012 /PRNewswire/ -- Coventry Health Care and preferred
pharmacy provider Walgreens are coming together to educate Medicare
beneficiaries about their prescription drug plan options for the 2013 plan
year enrollment period, running now through Dec. 7, 2012.
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"Medicare beneficiaries have heard a lot of debate about the new health care
law and its impact on their benefits during this year's election," said Matt
Eyles, vice president of public affairs and policy at Coventry, which is
offering its First Health Part D Value Plus Medicare prescription drug plan
for the 2013 plan year. "It's important for beneficiaries to know that anyone
who is eligible for Medicare continues to have the right to join a Medicare
prescription drug plan to get help paying for prescription drug costs."
Medicare Part D is a federal program that offers prescription drug coverage to
anyone with Medicare. Today, 32 million Medicare beneficiaries, more than half
of those enrolled in Medicare, receive their prescription drug coverage
through Part D.
"There are changes to Medicare each year and important information
beneficiaries need to know, whether they're selecting a plan for the first
time or evaluating if their current plan is still the best option," said
Suzanne Hansen, Walgreens group vice president of pharmacy operations. "In
Coventry's First Health Part D Value Plus plan, where Walgreens is a preferred
network provider, we're able to offer a number of benefits including
convenient access to pharmacy services and cost savings on prescription
drugs. With the Medicare population growing rapidly each day, more and more
people 65 and older are seeking personalized care from our community
pharmacists to help them get, stay and live well."
The following are key facts beneficiaries need to know about the Medicare Part
D prescription drug plan:
oAnyone who is eligible for Medicare may join a Medicare prescription drug
plan to get help paying for prescription drug costs.
oThe health reform law calls for gradually lowering out-of-pocket costs
when seniors enrolled in Medicare Part D reach the coverage gap, otherwise
known as the "donut hole."
oBeginning in 2011, enrollees who reached the gap began receiving a 50
percent manufacturer discount on the total cost of brand-name drugs and
additional subsidies for generic medications.
oMedicare will phase in additional subsidies for brand-name drugs beginning
Beneficiaries have until Dec. 7 to either sign up for or switch their Medicare
prescription drug coverage, and with a number of prescription drug plans to
choose from, this is the time for Medicare beneficiaries to identify the plan
that best meets their prescription needs. For more information about signing
up or changing Medicare prescription drug coverage, beneficiaries should visit
Medicare.gov or call 1-800-MEDICARE before the deadline.
Walgreens also offers free, personalized Part D plan comparison reports to
help beneficiaries identify the plan that best meets their prescription drug
needs. Plan reviews, generated from Medicare's online plan finder, are
available daily at all of the more than 8,000 Walgreens stores nationwide on a
walk-in basis, or by scheduling an appointment at www.walgreens.com/medicare.
About First Health Part D Value Plus from Coventry
With its low premium, zero-dollar deductible and extensive preferred pharmacy
network, Coventry's First Health Part D Value Plus is one of the leading
options available to Medicare beneficiaries looking to enroll in a
prescription drug plan through the Medicare.gov and 1-800-MEDICARE Plan
Complete benefits and details for the First Health Part D Value Plus Plan
(PDP) are included below:
oAverage premium of $24.00 to $33.90 per month
o$0 annual deductible
oA Medicare preferred pharmacy network of nearly 17,000 locations,
including Walgreens, Walmart, Target, Kroger and Kmart pharmacies*
o$0 co-pay on Tier 1 formulary prescriptions (Preferred generics) at
preferred pharmacies during the Part D initial coverage period; $7 co-pay
on Tier 1 formulary prescriptions (Preferred generics) at other contracted
oLower co-pays on Tier 2 and Tier 3 formulary prescriptions when filled at
o90-day supply of prescriptions available through retail pharmacies
oWhere available, access to preferred value generics, which will help
members who enter the coverage gap
oVouchers mailed to enrolled First Health Part D Value Plus members for
health and well-being products (e.g., multivitamins, calcium tablets) that
can be redeemed at any preferred pharmacy.
A Medicare-approved Part D sponsor. 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, premium and/or co-payments/co-insurance
may change on January 1 of each year. You must continue to pay your Medicare
Part B premium. * Other Pharmacies are available in our network.
As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion,
Walgreens (www.walgreens.com) vision is to become America's first choice for
health and daily living. Each day, Walgreens provides more than 6 million
customers the most convenient, multichannel access to consumer goods and
services and trusted, cost-effective pharmacy, health and wellness services
and advice in communities across America. Walgreens scope of pharmacy services
includes retail, specialty, infusion, medical facility and mail service, along
with respiratory services. These services improve health outcomes and lower
costs for payers including employers, managed care organizations, health
systems, pharmacy benefit managers and the public sector. The company operates
7,944 drugstores in all 50 states, the District of Columbia and Puerto Rico.
Take Care Health Systems is a Walgreens subsidiary that is the largest and
most comprehensive manager of worksite health and wellness centers and
in-store convenient care clinics, with more than 700 locations throughout the
Y0022_PDP_2013_4030_1335 accepted 11/2012
Coventry Contact: Kristine Grow, 301-581-5729, firstname.lastname@example.org
Walgreens Contact: Jim Cohn, 847-315-2950, email@example.com
SOURCE Coventry Health Care, Inc.
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