Aetna Health Insurance and CVS Caremark Corp have teamed up to offer a US Medicare prescription drug plan to their customers.  The Aetna Plan was recently announced and it offers a no deductible plan for generic drugs and will only cost $26 per month.

This is the next joint effort between an insurer and drug store.  Coventry Health Care and Walgreen Co announced their drug plan to be offered in 2012.  Last year, Humana Health Insurance and Wal-Mart teamed up for a Medicare drug plan.  This appears to be a trend that is working for customers as well as the companies.

The Aetna-CVS team is deepened through this drug plan.  Last year, CVS organized a 12 year deal to manage some pharmacy benefits for approximately 9.7 million Aetna pharmacy members through the administration of $9.5 billion in annual drug spending.

With health care reform upon us, prescription drug plans that offer savings and convenience to customers is very valuable.  Prescriptions can be so outrageously expensive without health insurance coverage and any way the system can help alleviate costs is so critical in today’s economic environment.

Written by Sam Tabes

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