Is Aetna and SilverScript the same?

Asked by: Charlie Dibbert  |  Last update: February 11, 2022
Score: 4.9/5 (72 votes)

Starting January 1, 2020, your prescription drug coverage will be called Aetna Medicare Rx offered by SilverScript. ... SilverScript is a Medicare Prescription Drug Plan (PDP) owned by CVS Health. As Aetna is also owned by CVS Health, we are integrating our plans with SilverScript.

Is SilverScript part of Aetna?

SilverScript is now part of Aetna Medicare

Enroll in a PDP. Access and print plan documents. Pay your premium. Check drug coverage.

Is SilverScript changing to Aetna in 2021?

SilverScript is one of the largest providers offering Medicare Part D coverage in the United States, with plans in all 50 states. It became part of Aetna Medicare for the 2021 health plan year. SilverScript offers three different plans this year, including one with a $0 deductible on all covered drugs.

When did Aetna buy SilverScript?

The agreement is subject to take effect January 1, 2019. What plans will this divesture impact? This transaction will impact Aetna's standalone Medicare Part D business, which includes its Individual and Group PDP Plans.

Who owns SilverScript Insurance Company?

You'll receive 90-day supplies at once. How is CVS related to SilverScript? CVS Health owns SilverScript, CVS Caremark, and CVS Pharmacy.

2022 SilverScript Aetna Choice PDP video

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Did CVS sell SilverScript to Aetna?

Since 2006, CVS has sold its individual PDPs through a wholly-owned subsidiary called SilverScript Insurance Company. Similarly, Aetna has sold its individual PDPs since 2006. 7.

Does CVS have SilverScript?

SilverScript, administered by CVS Caremark, provides an Automatic Refill and Renewal program for home delivery, CVS Pharmacy Pickup and Delivery Options, CVS Specialty Pharmacy and over 66,000 pharmacies are available under the CVS Caremark network.

What does Aetna SilverScript cover?

SilverScript Plus (PDP)

A variety of prescription vitamins, minerals and generic erectile dysfunction drugs. Coverage of Tier 1 and Tier 2 drugs in the coverage gap. Savings on select insulins with a maximum of a $35 copay for 30 day supply, during the initial coverage and gap phases of the plan.

What is Aetna CVS?

The Aetna Connected Plan with CVS Health™ is a first-of-its-kind plan offering that will deliver CVS Health® and Aetna's combined capabilities in the St. Louis market to help members access care when and where they need it — and at a more affordable price than a traditional plan.

What is SilverScript drug plan?

SilverScript is a private insurance company offering Medicare Part D prescription drug plans with more than 65,000+ pharmacies across the United States. SilverScript is one of the largest providers in the United States that offers Medicare Part D coverage. ... As of 2021, it has become a part of Aetna Medicare.

What pharmacies are in SilverScript network?

SilverScript's nationwide pharmacy network includes more than 67,000 locations that will accept your coverage, including CVS Pharmacy®, Walgreens®, Walmart®, Sam's Club®, thousands of regional, independent and grocery store pharmacies and CVS Caremark Mail Service Pharmacy.

Is SilverScript and CVS Caremark the same?

SilverScript® Insurance Company (SilverScript), an affiliate of CVS Caremark®, administers the prescription drug plan for Medicare enrolled CECONY & O&R (Company) retirees.

Which prescription drug plan is best?

The 5 Best Medicare Part D Providers for 2022
  • Best in Ease of Use: Humana.
  • Best in Broad Information: Blue Cross Blue Shield.
  • Best for Simplicity: Aetna.
  • Best in Number of Medications Covered: Cigna.
  • Best in Education: AARP.

Is SilverScript a good Part D plan?

SilverScript Choice is the company's most popular plan, and one of the most popular Part D plans in the country. ... The Choice plan boasts lower premiums than the Plus plan, so if you want low monthly costs and primarily take generic medications, SilverScript Choice may be a good fit for you.

Does SilverScript pay for the shingles shot?

Aetna Medicare and SilverScript Part D plans cover the shingles vaccine and some commercially available vaccines. Part D in general covers recommended adult immunizations when needed to prevent illness.

Can Aetna force me to use CVS?

CVS/Aetna can't force patients to fill prescriptions at CVS pharmacies. CVS must disclose how much in rebates it receives from drug manufacturers and how much of that money it pockets.

Is CVS owned by Aetna?

CVS completes its acquisition of Aetna.

How are CVS and Aetna connected?

The plan pairs the Aetna Open Access Aetna Select℠ network with access to expanded services at CVS Pharmacy®. ... Along with a convenient and connected member experience, mid-sized businesses will see savings by pairing the Aetna Connected Plan with our national network.

Does Aetna cover eliquis?

Eliquis is currently listed on the Aetna Formulary Exclusions and Step-Therapy lists. * Therefore, it is excluded from coverage for members enrolled in prescription drug benefit plans that use a closed formulary or that require step-therapy criteria, unless a medical exception is granted.

What is the SilverScript deductible for 2021?

The maximum deductible for 2021 is $445, but this plan (SilverScript Choice (PDP)) has a $305. There are other plans with a lower deductible or even a $0 deductible for all formulary drugs.

How do I find my SilverScript ID number?

Temporary SilverScript Member ID Card

This information can be found at the top of your Confirmation Letter.

Is SilverScript in Florida?

SilverScript Choice is a 3.5 Star Medicare Part D Plan for Medicare Beneficiaries in Florida. ... Coverage Phases: Part D plans have an initial coverage limitOnce you have met your yearly deductible, you will pay a copayment or coinsurance for each covered drug until you reach the initial coverage limit.

Is Aetna part of Medicare?

The Aetna Supplemental Retiree Medical Plan is a fully insured, non-network-based commercial retiree group health product. In all states but Florida and Minnesota, it is offered as a supplementary medical plan, not a Medicare plan. In Florida and Minnesota, it is approved as a group Medicare Supplement product.

Who has the cheapest Part D drug plan?

Popular plans are affordable and widely available. CVS Health and its subsidiaries, Aetna and Silverscript, are very popular for prescription drug coverage, accounting for about 23% of all Medicare Part D enrollments. Plans are affordably priced, and the SilverScript SmartRx plan costs just $7.15 per month.

What order do the four prescription drug coverage stages occur?

Throughout the year, your prescription drug plan costs may change depending on the coverage stage you are in. If you have a Part D plan, you move through the CMS coverage stages in this order: deductible (if applicable), initial coverage, coverage gap, and catastrophic coverage.