Aetna Enters Medicare Supplement Market in Arizona.PHOENIX -- Company's Retiree Benefits Portfolio Continues to Expand with Three New Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. Supplement Plans, "Stand-Alone" Prescription Drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, Card Aetna (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) announced today the introduction of three Medicare supplement insurance policies under the new Aetna Individual Medicare Supplement Plan(SM) in Arizona. Available to Medicare-eligible individuals ages 65 or over, the new Medicare supplement choices help cover qualifying medical costs not included in the Original Medicare plan. They also allow beneficiaries to maintain the freedom to visit any licensed doctor who accepts Medicare. "We are delighted to expand our portfolio of products designed to make health care for Medicare beneficiaries more affordable," said Frank McCauley, head of the Medicare business segment for Aetna. "With the introduction of our new Medicare supplement plans, beneficiaries in Arizona can now augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: their health care coverage provided by the Original Medicare plan with medical services they deem important, and they may visit doctors they choose." Aetna offers insurance policies for Medicare supplement plans A, B and F, with varying levels of coverage and price points. In addition, the company also introduced its Aetna Golden Prescription Card(SM), which provides prescription drug coverage for Arizona residents who are 65 years of age or over. The card is an insurance plan designed to save older adults money at the pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. through easy-to-budget copays for covered generic drugs generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. , brand-name discounts and access to reduced-rate health care programs. Unlike the recently introduced Aetna Rx Savings Card(SM), which is a Medicare-approved drug discount card, the Aetna Golden Prescription Card is not affiliated with Medicare. The Aetna Golden Prescription Card can be sold on a "stand alone" basis to individuals or alongside any of Aetna's three Medicare supplement policies. "Aetna is committed to offering innovative benefits solutions that provide health coverage to the retiree population," said McCauley. "Because we are dedicated to serving this important population, we are pleased to broaden our offerings by adding a stand-alone prescription card as one more way to increase retirees' access to affordable health care." Arizona is the first state in a multi-state roll-out of the Aetna Individual Medicare Supplement Plan and Aetna Golden Prescription Card. Additional states are expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. soon. In addition to the new products announced today, Aetna also offers Medicare Advantage plans to individuals and through employers in many states. As one of the nation's leading providers of health care, dental, pharmacy, group life, disability and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. benefits, Aetna puts information and helpful resources to work for its approximately 13.4 million medical members, 11.4 million dental members, 8.1 million pharmacy members and 12.6 million group insurance members to help them make better informed decisions about their health care and protect their finances against health-related risks. Aetna provides easy access to cost-effective health care through a nationwide network of more than 633,000 health care professionals, including over 377,000 primary care and specialist doctors and 3,866 hospitals. For more information, please visit www.aetna.com. (Figures as of June 30, 2004). |
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