Aetna Awarded Medicare Advantage Contract By Teacher Retirement System Of Texas
Contract is the largest projected revenue sale in Aetna’s history
Offering will provide enhanced benefits at a lower cost to members
HARTFORD, Conn., July 17, 2012 — Aetna (NYSE: AET) has been awarded the Medicare Advantage contract by the Teacher Retirement System of Texas (TRS), effective January 1, 2013. Aetna currently administers the fund’s group retiree plan, TRS-Care, which covers more than 226,000 retired public school employees and their dependents. As part of its ongoing relationship with TRS, Aetna will enroll eligible TRS-Care participants in an Aetna Medicare Advantage plan designed to provide enhanced benefits at a lower cost than their current benefits arrangement.
Eligible TRS-Care participants who take part in an Aetna Medicare Advantage plan will enjoy:
“We are excited to build on our more than 25 year relationship with the Teacher Retirement System of Texas and offer eligible TRS-Care plan members the opportunity to participate in an Aetna Medicare Advantage plan,” said Cain Hayes, President of Aetna’s Public & Labor business. “We have been working closely with TRS leadership to address the plan’s financial challenges and we believe this offering is the right solution for both the plan and its members.”
A clinical innovator, Aetna is focused on offering programs and services that help lead to better health outcomes through collaborative care coordination for Medicare Advantage members. For example, in 2011, Aetna launched a hypertension program shown to help Aetna Medicare Advantage members lower their blood pressure and improve screening rates. The hypertension program is one of several programs to which eligible TRS-Care participants will have access.
To learn more about Aetna Medicare Advantage, visit www.aetnamedicare.com.