Plan Options Provide Seniors with Affordable Access to Brand and Generic Medications as well as Gap Coverage
WOONSOCKET, R.I., Oct. 31 /PRNewswire/ -- SilverScript Insurance
Company, a subsidiary of CVS Caremark (NYSE: CVS), announced today that it
will continue to offer a variety of Medicare Prescription Drug Plan options
for 2009 in all 34 domestic Medicare regions and Puerto Rico. Medicare
beneficiaries can choose from three SilverScript plans depending on their
individual health care needs and budget, including:
-- SilverScript Complete - a zero-deductible plan that includes coverage of
generic medications through retail or mail order pharmacies during the
coverage gap. The plan also features reduced copays on Value Tier
Generics at preferred retail and mail pharmacies, with copays as low as
$6 for a 90-day supply of certain generics by mail.
-- SilverScript Plus - a low deductible plan that offers discounted copays
for specified generic and branded medications (Value Tier Generics and
Value Tier Brands) at preferred retail and mail pharmacies. Generics are
covered through the coverage gap, with significantly lower copays
available through preferred retail and mail pharmacies, with copays as
low as $10 for a 90 day supply of some generics at mail.
-- SilverScript Value - a low-premium plan that offers access to many
brand, generic and specialty medications. This plan is ideal for
Medicare-eligible beneficiaries who currently take only a few
medications, but want to be enrolled in a plan with comprehensive
coverage in the event that their health needs change.
"Medicare beneficiaries will again have three SilverScript plan offerings to consider when selecting the prescription drug coverage plan that best fits their health care and medication needs," said Jim Maritan, Vice President, Medicare Part D Services, CVS Caremark. "Medicare beneficiaries who select a SilverScript plan also benefit from our Proactive Pharmacy Care(TM) approach, which is designed to ensure patients have easy access to information about their medications and can learn how to best handle their pharmacy health care needs for optimal health outcomes."
Enrollment for the 2009 plan year begins on November 15, 2008 with coverage beginning on January 1, 2009. Consumers interested in learning more about the SilverScript plan options can visit http://www.silverscript.com, or call toll-free 1-866-552-6106. TTY/TDD users should call 1-866-552-6288. The toll-free number is staffed from 8:00 am to 2:00 am ET, 7 days a week.
SilverScript Insurance Company is a leading Prescription Drug Plan
Sponsor serving over 550,000 Medicare beneficiaries in 2008. SilverScript
has consistently brought market leading innovation to both individual and
group markets, including:
-- Plan designs that provide broad coverage, respond to different consumer
needs and interests (e.g., brands vs. generics, retail access vs. mail
order) and deliver additional unique cost saving opportunities through
SilverScript's preferred pharmacy network, which includes over
6,300 CVS/pharmacy stores and Caremark Mail Service.
-- Access to additional savings on health related non-prescription product
discounts at CVS/pharmacy through the ExtraCare Health Card program.
-- Award winning consumer Web site providing access to content about
Medicare Part D and tools to compare and select among
SilverScript's Part D plans, learn about and price individual
drugs, and explore alternative drug selection, as well as a full suite
of personalized health and wellness tools tailored to Medicare
-- Full range of Part D solutions designed to meet the diverse needs of
employers and other group sponsors, including standard and custom
Employer Group Waiver Plans as well as Open PDP and wrap solutions
powered by SilverScript's single transaction coordination of
About CVS Caremark
CVS Caremark is the largest provider of prescriptions in the nation.
The Company fills or manages more than 1 billion prescriptions annually.
Through its unmatched breadth of service offerings, CVS Caremark is
transforming the delivery of health care services in the U.S. The Company
is uniquely positioned to effectively manage costs and improve health care
outcomes through its more than 6,300 CVS/pharmacy stores; its Caremark
Pharmacy Services division (pharmacy benefit management, mail order and
specialty pharmacy); its retail-based health clinic subsidiary,
MinuteClinic; and its online pharmacy, CVS.com. General information about
CVS Caremark is available through the Investor Relations section of the
Company's Web site, at http://cvscaremark.com/investors, as well as through
the press room section of the Company's Web site, at
|SOURCE CVS Caremark|
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