Under the new plan, Medicare beneficiaries can select from two SilverScript plans that offer $0 deductibles, lower premiums than the 2015 SilverScript plans in many states and low co-pays for some frequently prescribed drugs.
The plan received a four-star rating from Centers for Medicare and Medicaid Services.
"As part of our commitment to helping people on their path to better health, we simplified and consolidated our Medicare PDP offerings in 2016 to provide comprehensive and even more affordable coverage," Mitch Betses, senior vice president of Medicare Part D Services for CVS Health, said. "In fact, our plan premiums are among the lowest offered among national Part D plans. In addition, the recent four-star rating awarded to us by CMS demonstrates the high level of value and quality of care our SilverScript plans offer, and we remain committed to supporting our members in delivering worry-free coverage as we continue our legacy as one of the first plans available when Medicare Part D began 10 years ago."
Enrollment for the 2016 plan year begins on Oct.15 and runs through Dec. 7. Those interested in learning more about the SilverScript plan options can visit www.silverscript.com or call toll-free 1-866-552-6106.
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