|SilverScript Insurance Company, a CVS Caremark Company, Provides Variety of Medicare Prescription Drug Plan Options for 2009|
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 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 beneficiaries. -- 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 benefits (STCOB).
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 http://cvscaremark.com/newsroom.
Media Contact: Christine Cramer Corporate Communications 401-770-3317 email@example.com