Aetna Offers Individual Plans to Costco Members in Texas

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DALLAS--(BUSINESS WIRE)-- Aetna (NYSE: AET) announced today it is now offering individual health insurance plans to Costco members in Texas. The Costco Personal Health Insurance program, of which there are five plans to choose from, offers broad major medical benefits, an extensive network of doctors and hospitals, and a variety of helpful services, tools and information, tailored to meet the needs of Costco members.

In addition to Texas, the Costco Personal Health Insurance program is also available to Costco members in Arizona, Connecticut, Georgia, Illinois, Michigan, Nevada, Pennsylvania and Virginia. Aetna plans to expand the program to other markets later this year.

“We recognize the importance of providing affordable health solutions that deliver value and convenience for individuals and families. We are proud to join with a respected retailer like Costco to provide health insurance options to their members in Texas,” said Barbara DeMaio, head of Individual Business for Aetna.

The Costco Personal Insurance plan offers broad major medical benefits, dental options, an extensive network of doctors and hospitals, and a variety of helpful services, tools and information. Costco is providing one-of-a-kind value to its members through benefits like lower copays on prescriptions at Costco pharmacies. In addition, all plans include special features and lower monthly premiums negotiated only for Costco members.

According to John Conlon, Director of Insurance Services for Costco, the new program delivers the advantages Costco members have come to expect from the warehouse store chain. “There are a variety of plan types to choose from, each offering the right combination of quality, value, and special members-only benefits.”

Conlon points to lower copays at Costco pharmacies as one example of the exclusive benefits available to members. “The opportunity for Costco members to access lower cost pharmacy services at their local warehouse store is convenient and affordable, and speaks to Aetna’s commitment to making health care easier to use.”

For more information on the Costco Personal Health Insurance program, members can call 866-286-3155 or visit www.costcopersonalhealth.com.

About Costco

Costco currently operates 601 warehouses, including 434 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open up to an additional eight new warehouses prior to the end of its fifty-three-week fiscal year on September 2, 2012.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, health care management services for Medicaid plans and health information exchange technology services. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.



CONTACT:

Aetna
Anjie Coplin, 214-200-8056
CoplinA@aetna.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:   Practice Management  Health  Hospitals  Other Health  Professional Services  Insurance  General Health  Managed Care

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