|Humana and CVS/pharmacy Announce New Agreement to Resume and Expand Prescription Services|
|LOUISVILLE, Ky. and WOONSOCKET, R.I., Oct 12, 2001 (BUSINESS WIRE) -- Humana
Inc. (NYSE: HUM) and CVS/pharmacy (NYSE: CVS) announced today that they have
signed a new agreement allowing Humana health plan members to receive in-plan
benefits for prescription services at CVS locations, effective immediately.
6 The agreement also expands the relationship between Humana and CVS, so that all Humana members, including Humana TRICARE members who live in any state with a CVS pharmacy, can now, with their in-plan benefits, fill prescriptions at their local CVS pharmacy. Terms of the new agreement were not disclosed.
"CVS is one of the nation's largest retail pharmacy chains," said Bruce C. Perkins, senior vice president of national contracting for Humana. "CVS offers our customers a convenient, friendly environment for prescription services including access to pharmacy information from CVS pharmacists."
Pharmacy benefits are available to Humana's approximately 6.5 million medical members. With CVS pharmacies included in Humana's network, health plan members now have nearly 42,000 retail pharmacy locations for fulfillment of their pharmacy needs.
"The health care needs of our customers have always been our top priority, and we are pleased to be able to resume and expand prescription services for Humana plan members," said James Smith, Senior Vice President of Healthcare Services at CVS/pharmacy.
CVS/pharmacy locations will be listed among the network of pharmacies that Humana members can locate online by visiting Humana's Web site at www.humana.com.
Humana Inc., headquartered in Louisville, Kentucky, is one of the nation's largest publicly traded health services companies, with approximately 6.5 million medical members located primarily in 18 states and Puerto Rico. Humana offers coordinated health benefits coverage through a variety of plans - health maintenance organizations, preferred provider organizations and administrative service products - to employer groups and government-sponsored plans. More information regarding Humana is available via the Internet at www.humana.com, including:
--Copies of annual report to shareholders, Form 10-K, Form 10-Qs, and proxy statement;
--Copy of most recent investor presentation;
--Copies of quarterly earnings news releases;
--Audio archive of the most recent earnings release conference call;
--Calendar of events (includes upcoming earnings release date, related conference call access number, and planned participation in investor conferences).
CVS is America's #1 pharmacy, dispensing more retail prescriptions in more states than any other pharmacy in the U.S. CVS has created innovative approaches to serve the healthcare needs of all its customers through more than 4,100 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. General information about CVS is available through the Company's website, at http://www.CVS.com.
CONTACT: Humana Corp. Communications CVS/pharmacy Mary Sellers Todd Andrews (502) 580-3689 401/770-5717