Costco, Aetna partner for Medicare Rx plan

HARTFORD, Conn. Costco has partnered with insurance carrier Aetna to help consumers access an affordable and comprehensive Medicare prescription drug plan. Medicare beneficiaries now have the ability to purchase the new Aetna Medicare Rx – Costco Plus Plan, which is available in 17 states (Alaska, Arizona, California, Colorado, Florida, Hawaii, Idaho, Illinois, Michigan, Nevada, New Mexico, New York, Ohio, Oregon, Utah, Virginia and Washington).

The plan premiums range from $50 to $70 a month, depending upon the region, and there is no deductible. Consumers who sign up for this plan and have their prescriptions filled at Costco will also have a maximum co-pay of $5 for generic prescription drugs ($10 if filled at other network pharmacies), and in some cases will have no co-pay for generics.

Working together, Aetna and Costco have developed materials to help educate Costco members on this new product.

“At Costco, our members expect us to deliver better value on the things they need. By teaming up with Aetna, one of the most respected names in health care, we believe we have delivered on that expectation,” said John Conlon, director of Costco services. “Our members should find the Aetna Medicare Rx-Costco Plus Plan to be a great value in Medicare Part D, especially when filling their prescriptions at Costco pharmacies.”