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-- Contract is the largest projected revenue sale in Aetna’s history --
-- Offering will provide enhanced benefits at a lower cost to members --
HARTFORD, Conn.--(BUSINESS WIRE)--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.
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.1 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, and medical management capabilities, Medicaid health care management services and health information 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.
TRS delivers retirement and related benefits that have been authorized by the Texas Legislature, and manages a $110 billion trust fund established to finance member benefits. More than 1.3 million public education and higher education employees as well as retirees participate in the system. For more information, see http://www.trs.state.tx.us/.