PacifiCare Continues to Sign Exclusive Distribution Partnership Agreements to Offer Medicare Part D Prescription Drug Plans to S
03 Ottobre 2005 - 11:30PM
PR Newswire (US)
* Agreement with AAA Auto Club South gives PacifiCare Access to
More Than Half a Million Senior Members of Nation's Third-Largest
AAA Affiliate CYPRESS, Calif., Oct. 3 /PRNewswire-FirstCall/ --
PacifiCare Health Systems Inc. (NYSE:PHS) entered into an agreement
with AAA Auto Club South to market PacifiCare's standalone Part D
prescription drug plans exclusively to the more than a half-million
Auto Club South members over the age of 65. Under the terms of the
agreement, AAA Auto Club South will exclusively market PacifiCare's
standalone Medicare Part D prescription drug plans to all its
senior members and give PacifiCare preferred access to its members
in Florida, Georgia and Western Tennessee. PacifiCare in turn will
offer members of one of the largest AAA regional affiliates access
to affordable, quality prescription drug coverage through
Prescription Solutions from PacifiCare. This partnership further
expands PacifiCare's marketing and distribution strategy, which
includes numerous exclusive agreements with senior-focused
insurance companies and brokers nationwide. The new AAA affiliation
extends PacifiCare's consumer reach to more than 2 million senior
consumers nationwide who will receive Medicare prescription drug
plan offerings exclusively from Prescription Solutions from
PacifiCare. In addition, AAA will also provide its marketing
experience to introduce Prescription Solutions from PacifiCare to
meet the needs of AAA members. "Our goal was to partner with a
company with extensive experience and expertise in serving the
health care needs of seniors and to make available an affordable,
quality Part D prescription drug plan for our members," said Larry
Patrick, senior vice president of Insurance and Financial Services,
AAA Auto Club South. "PacifiCare's nationwide reach and established
relationships with broker and insurance organizations convinced us
that Prescription Solutions from PacifiCare is the right choice for
our members." "We look forward to working with one of the most
revered institutions in America; AAA is one of the few
organizations with which members maintain relationships throughout
their lives," said Jacqueline Kosecoff, Ph.D., PacifiCare's
executive vice president, Specialty Companies. "It's critical that
Medicare-eligible individuals receive information regarding the new
prescription drug benefit from institutions they trust. We feel our
relationship with AAA Auto Club South is a significant step in
helping us connect with seniors. Our coming together shows that two
leading organizations can take action to improve seniors' health
and well-being." PacifiCare's standalone Medicare Part D
prescription drug plans have recently been approved by the Centers
for Medicare & Medicaid Services (CMS) in all 50 states. Three
different plans -- PacifiCare Saver Plan, PacifiCare Comprehensive
Plan and PacifiCare Select Plan -- form the heart of the company's
prescription drug insurance offering to Medicare-eligible seniors,
retirees and other consumers across the United States, with
coverage starting Jan. 1, 2006. PacifiCare's prescription drug
plans offer a wide range in savings and choices of benefit options
intended to meet individual needs, and each plan has no annual
deductible. The range in monthly premiums reflects the variety of
benefits offered and the variation in utilization in each region of
the country, with premiums ranging from $19.02 to $34.88 for the
Saver Plan, from $33.91 to $54.51 for the Comprehensive Plan, and
from $29.64 to $49.02 for the Select Plan. In addition to
senior-focused insurance companies, PacifiCare has recently signed
exclusive agreements with several of the country's largest
independent insurance brokerage organizations -- or field marketing
organizations -- that support general agents and independent
brokers to sell its Medicare Part D prescription drug plans and
other PacifiCare senior products including its Medicare Advantage
Prescription Drug (MA-PD) and SecureHorizons Direct private
fee-for-service plans. Many of the field marketing organizations'
agents already work closely with PacifiCare and have been
successfully selling the Medicare Advantage and private
fee-for-service plans. PacifiCare's marketing and distribution
platform is expected to extend the company's market reach, deepen
its penetration and enhance its own direct-to-consumer marketing
campaigns. PacifiCare's agreements, in addition to the network of
insurance companies, will leverage the power of a licensed national
sales force of up to 30,000 brokers and agents and establish
PacifiCare's presence in markets throughout the United States.
About AAA Auto Club South As North America's largest motoring and
leisure travel organization, AAA provides its more than 47 million
members with travel, insurance, financial and automotive-related
services and has been a leader and advocate for the safety and
security of all travelers. AAA Auto Club South is the third largest
affiliate of the AAA federation with nearly 4 million members in
Florida, Georgia, the western two-thirds of Tennessee and Puerto
Rico. Auto Club South's Insurance Agency is the largest independent
personal lines agency in the southeast. About PacifiCare PacifiCare
Health Systems is one of the nation's largest consumer health
organizations with nearly 3.3 million health plan members and
approximately 11.3 million specialty plan members nationwide.
PacifiCare offers individuals, employers and Medicare beneficiaries
a variety of consumer-driven health care and life insurance
products. Today, PacifiCare is the nation's second-largest senior
health insurance company with more than 20 years' experience
delivering affordable, quality health care coverage to America's
seniors. PacifiCare's specialty plan operations include behavioral
health and dental and vision, as well as complete pharmacy benefit
management with more than a decade of experience specializing in
the senior prescription-drug market. More information on PacifiCare
Health Systems is available at http://www.pacificare.com/.
DATASOURCE: PacifiCare Health Systems Inc. CONTACT: Tyler Mason,
Media Relations, +1-714-226-3530, , or Dan Yarbrough, Investor
Relations, +1-714-226-3540 , both of PacifiCare Health Systems Inc.
Web site: http://www.pacificare.com/
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