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Aetna CVS Health™ to enter the Affordable Care Act (ACA) individual insurance exchange marketplace in New Jersey for January 1, 2023

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Aetna CVS Health is launching its co-branded individual insurance plans in select counties of New Jersey, enhancing accessibility to health care for residents. This initiative, effective January 1, 2023, aims to address the needs of uninsured or underinsured Americans. Aetna's extensive network includes primary care doctors, specialists, and hospitals, allowing for affordable care options through virtual services and walk-in clinics. The plans cover a wide range of services, including pediatric care, mental health, and hospitalization.

Positive
  • Launch of Aetna CVS Health individual insurance plans in select New Jersey counties enhances market presence.
  • Plans provide affordable access to comprehensive health care services, including telehealth and MinuteClinic visits.
  • Targeting uninsured and underinsured populations, potentially increasing customer base.
Negative
  • None.

Aetna CVS Health Individual and Family Plans combine the quality health insurance coverage of Aetna®, with affordable care options at CVS Pharmacy® and MinuteClinic® locations to help members achieve their best health.

WOONSOCKET, R.I., Sept. 8, 2022 /PRNewswire/ -- Aetna, a CVS Health® company (NYSE: CVS), is entering the individual insurance exchange marketplace in New Jersey (in select counties) with its Aetna CVS Health co-branded insurance product, providing affordable access to health care for more New Jerseyans.

"With millions of Americans being uninsured or underinsured, our plans provide quality care, at an affordable price and the ability to conveniently access this care using virtual technology and in-person care in their communities," said Deborah Johnson-Rothe, MD, Senior Medical Director, New Jersey, Aetna. "By bridging the gap between people and the support and services they need, we can offer a human-centered approach where, when and how they need us."

With the launch of these plans, members will have access to Aetna's comprehensive network of primary care doctors, mental health providers, specialists and hospitals. Plus, convenient and affordable care options through telehealth, participating walk-in clinics, such as MinuteClinic®, and HealthHUB™ locations – removing more barriers to accessing care.

Aetna CVS Health ACA exchange products bring together the coverage of Aetna and the convenience of CVS Health. It's health insurance done differently and features:

  • Quality care with Aetna's robust network of primary care doctors, specialists and hospitals 
  • Affordable care with plans that include in-network $0 virtual and walk-in clinic care*
  • Care on your schedule with 24/7 access to virtual care, plus walk-in visits at 1,100  MinuteClinic® locations nationwide

"We understand that everyone has their own unique circumstances and making health care simple, easy and affordable is how we are meeting them where they are on their journey," said Jason Tompkins, New York/New Jersey Market President, Aetna. "We're ensuring more New Jerseyans– and Americans – can get access to Aetna's quality care. We are uniquely positioned to work with consumers to achieve better outcomes across our local provider networks along with MinuteClinic, CVS HealthHUB and CVS Pharmacy locations, and our virtual care options."

The Aetna CVS Health ACA plans are comprehensive health care plans that provide care and coverage for: 

  • Pediatric services, including oral and vision care
  • Ambulatory patient services (outpatient services)
  • Emergency services
  • Hospitalization
  • Maternity and newborn care
  • Mental health and substance use disorder services, including behavioral health treatment
  • Prescription drugs
  • Rehabilitative and habilitative services (those that help patients acquire, maintain, or improve skills necessary for daily functioning) and devices
  • Laboratory services
  • Preventive and wellness services and chronic disease management

This new offering will be available in select New Jersey counties, including: Atlantic, Bergen, Burlington, Camden, Essex, Cumberland, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Salem, Somerset, Sussex, Union and Warren.

*Members may be required to pay a cost-share based on what medical services were received and the type of provider a member visits. Please consult benefit documents for more details. Includes select services. Not all  services are covered. Please consult benefit documents to confirm which services are included. Members enrolled in qualified high-deductible health plans must meet their deductible before receiving covered non-preventative services at no cost-share. However, such services are covered at negotiated contract rates. This benefit is not available in all states. Access to MinuteClinic and other in-network walk-in clinics may vary by geography. For a complete list of participating walk-in clinics, log in to Aetna.com and use our provider search tool.

Filings in New Jersey are complete. Final approval to entry is pending state and federal reviews/certifications.

About Aetna
Aetna, a CVS Health business, serves an estimated 34 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 and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's 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, visit www.aetna.com and explore how Aetna is helping to build a healthier world.

About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.

Media contact
Jeff Swallow
401-601-4116
swallowj@cvshealth.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aetna-cvs-health-to-enter-the-affordable-care-act-aca-individual-insurance-exchange-marketplace-in-new-jersey-for-january-1-2023-301620335.html

SOURCE CVS Health

FAQ

What is the launch date for Aetna CVS Health's plans in New Jersey?

The Aetna CVS Health individual insurance plans will be available starting January 1, 2023.

Which counties in New Jersey will the Aetna CVS Health plans be available?

The plans will be available in select counties, including Atlantic, Bergen, Burlington, Camden, Essex, and more.

What services do Aetna CVS Health plans cover?

The plans cover a range of services, including pediatric care, emergency services, mental health, and prescription drugs.

How do Aetna CVS Health plans improve access to health care?

The plans offer affordable care options with access to virtual care and 1,100 MinuteClinic locations nationwide.

What is the goal of the Aetna CVS Health individual plans?

The goal is to provide quality, affordable care to uninsured or underinsured Americans in New Jersey.

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