Walgreens Offering Free Plan Reviews, Other Services to Help Medicare Beneficiaries as Annual Election Period Begins Oct. 15
October 14 2013 - 9:00AM
Business Wire
Company’s preferred relationships with four
national plan sponsors to offer significant costs savings for
enrollees
With one-third concerned about prescription
drug costs, Walgreens survey finds widespread need for education
about cost-saving strategies
With this year’s Medicare Annual Election Period overlapping
with the unrelated open enrollment for the new federal and state
insurance marketplaces, there’s a growing need to help Medicare
beneficiaries understand their health care coverage options when
Medicare open enrollment begins tomorrow. Walgreens (NYSE: WAG)
(Nasdaq: WAG) pharmacists will serve as one of the most convenient
and accessible resources for Medicare Part D information, offering
free, personalized plan comparison reports at every location, every
day, to help beneficiaries evaluate the plans that may best meet
their prescription drug needs.
Walgreens prescription plan comparison report details each
plan’s estimated annual costs, including monthly premiums, brand
and generic co-pays and drugs covered through the coverage gap
(donut hole). Walgreens pharmacists will review the report to help
Medicare beneficiaries understand their coverage options, as well
as the latest information on Medicare, whether they’re selecting a
plan for the first time or evaluating if their current plan is
still the best option. Plan reviews will be available on a walk-in
basis or by scheduling an appointment at
www.walgreens.com/medicare.
Walgreens is a part of Medicare preferred pharmacy networks with
four national Part D plan sponsors -Coventry Health Care, Humana,
UnitedHealthcare and WellCare. The preferred networks are designed
to offer Medicare beneficiaries additional options to save on their
prescription drugs.
Cost savings remains top of mind for many Medicare
beneficiaries, as more than one-third of those
surveyed1 (37 percent) are concerned about
prescription drug costs, and 1-in-5 say they’ve made
sacrifices, such as delaying filling a prescription or skipping
doses to help manage medication costs.
“Many Medicare beneficiaries don’t fully understand certain
aspects of their health plan, including cost savings options, and
some also become non-adherent to medication therapies as a way to
try to reduce costs,” said Suzanne Hansen, Walgreens group vice
president of pharmacy operations. “The Medicare environment can be
challenging to navigate, and we anticipate an even greater need to
help educate our customers this year, given the changes that are
taking place across the health care landscape. Walgreens, as a
preferred network provider, offers a number of benefits, which may
include savings of up to 75 percent on prescription co-pays and our
pharmacists are trusted experts who can help beneficiaries
understand their plan options.”
Walgreens is in the networks of hundreds of other Medicare
prescription drug plans for 2014, in addition to participating in
the three national preferred pharmacy networks. For more
information, visit www.walgreens.com/medicare.
About Walgreens
As the nation's largest drugstore chain with fiscal 2013 sales
of $72 billion, Walgreens (www.walgreens.com) vision is to be the
first choice in health and daily living for everyone in America,
and beyond. Each day, Walgreens provides more than 6 million
customers the most convenient, multichannel access to consumer
goods and services and trusted, cost-effective pharmacy, health and
wellness services and advice in communities across America.
Walgreens scope of pharmacy services includes retail, specialty,
infusion, medical facility and mail service, along with respiratory
services. These services improve health outcomes and lower costs
for payers including employers, managed care organizations, health
systems, pharmacy benefit managers and the public sector. The
company operates 8,123 drugstores in all 50 states, the District of
Columbia, Puerto Rico and the U.S. Virgin Islands. Take Care Health
Systems is a Walgreens subsidiary that is the largest and most
comprehensive manager of worksite health and wellness centers,
provider practices, and in-store convenient care clinics, with more
than 750 locations throughout the country.
1 Walgreens survey conducted by KRC Research, April 2013.
http://news.walgreens.com/article_display.cfm?article_id=5740
WalgreensJim Cohn,
847-315-2950http://news.walgreens.com@WalgreensNewsfacebook.com/Walgreens
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