Alignment Healthcare and Walgreens to Introduce Co-Branded Medicare Advantage Plans in Select Markets in 2024
October 17 2023 - 8:00AM
Alignment Healthcare, Inc. (NASDAQ: ALHC) and Walgreens (NASDAQ:
WBA) have signed an agreement to offer new $0-premium co-branded
Medicare Advantage (MA) plans in select markets throughout Arizona,
California, Florida and Texas starting Jan. 1, 2024,
reaching approximately 1.6 million Medicare-eligible adults,
pending regulatory approvals.1
“Walgreens has a rich history of caring for communities, and we
are honored to partner with this well-known and trusted retailer
and pharmacy to expand access to care for seniors,” said Dawn
Maroney, president, markets of Alignment Healthcare, and CEO of
Alignment Health Plan. “Together, we’ll deliver a new level of
access ‒ one that makes it easy, convenient and cost-effective for
seniors to get the medicine they need and the high-quality service
they deserve.”
Members who enroll in one of the co-branded plans will be able
to use their over-the-counter benefits at Walgreens or online
through a mail-order provider. The plans offer comprehensive
medical and prescription drug coverage including a $0 copay on more
than 10,000 prescription drugs at Walgreens and other in-network
pharmacies. All Alignment Health Plan members have access to
Alignment’s 24/7 ACCESS On-Demand Concierge, a dedicated concierge
team available 24 hours a day, seven days a week, to answer
health-related questions, schedule medical appointments and arrange
transportation.
“As a partner of choice for health plans and health systems,
Walgreens is committed to providing customers the care they need,
when they need it, at lower costs,” said John Driscoll, executive
vice president and president, U.S. Healthcare, Walgreens Boots
Alliance. “Our partnership with Alignment Healthcare is another way
we can deliver more value and connected care for seniors.”
Walgreens operates nearly 9,000 retail locations across the
United States, Puerto Rico, and the U.S. Virgin Islands, serving
nearly 10 million customers each day.
Alignment Healthcare offers a diverse portfolio of MA plans and
benefits through Alignment Health Plan across Arizona, California,
Florida, Nevada, North Carolina and Texas. The Walgreens co-branded
plans will be offered through Alignment Health Plan as an HMO or
HMO point-of-service (POS) plan in 10 counties across four of the
six states: Maricopa, Pima and Santa Cruz counties in Arizona;
Fresno, Madera and Merced counties in California; Clay and Duval
counties in Florida; and El Paso and Hudspeth counties in Texas.
Medicare-eligible adults can select plans during the Medicare
enrollment period from Oct. 15 through Dec. 7, for plan benefits
starting Jan. 1, 2024.
For more information about Alignment Health Plan’s product
offerings, visit www.alignmenthealthplan.com.
About Alignment HealthAlignment Health is
championing a new path in senior care that empowers members to age
well and live their most vibrant lives. A consumer brand name of
Alignment Healthcare (NASDAQ: ALHC), Alignment Health is a
tech-enabled Medicare Advantage company that offers more than 40
benefits-rich, value-driven plans that serve 52 counties across six
states. The company partners with nationally recognized and trusted
local providers to deliver coordinated care, powered by its
customized care model, 24/7 concierge care team and purpose-built
technology, AVA®. Based in California, the company’s
mission-focused team makes high-quality, low-cost care a reality
for members every day. As it expands its offerings and grows its
national footprint, Alignment upholds its core values of leading
with a serving heart and putting the senior first. For more
information, visit alignmenthealth.com.
About WalgreensWalgreens (www.walgreens.com) is
included in the U.S. Retail Pharmacy and U.S. Healthcare segments
of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated
healthcare, pharmacy and retail leader with a 170-year heritage of
caring for communities. WBA’s purpose is to create more joyful
lives through better health. Operating nearly 9,000 retail
locations across America, Puerto Rico and the U.S. Virgin Islands,
Walgreens is proud to be a neighborhood health destination serving
nearly 10 million customers each day. Walgreens pharmacists play a
critical role in the U.S. healthcare system by providing a wide
range of pharmacy and healthcare services, including those that
drive equitable access to care for the nation’s medically
underserved populations. To best meet the needs of customers and
patients, Walgreens offers a true omnichannel experience, with
fully integrated physical and digital platforms supported by the
latest technology to deliver high-quality products and services in
communities nationwide.
Forward-Looking StatementsThis release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements are subject to risks and uncertainties
and are based on assumptions that may prove to be inaccurate, which
could cause actual results to differ materially from those expected
or implied by the forward-looking statements. Actual results may
differ materially from the results predicted. Important risks and
uncertainties that could cause our actual results to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to obtain certain
governmental approvals and other risks associated with being a
government contractor; changes in laws and regulations applicable
to our business model; and changes in market or industry conditions
and receptivity to our technology and services. For a detailed
discussion of the risk factors that could affect our actual
results, please refer to the risk factors identified in our Annual
Report on Form 10-K for the year ended December 31, 2022, and the
other periodic reports we file with the SEC. All information
provided in this release and in the attachments is as of the date
hereof, and we undertake no duty to update or revise this
information unless required by law.
Media ContactsPriya ShahmPR, Inc. for Alignment
Healthalignment@mpublicrelations.comJonathon
HoseaWalgreensmedia@walgreens.com
Y0141_24440EN_M
1 Centers for Medicare & Medicaid Services Medicare
Advantage/Part D Contract and Enrollment Data, August 2023 MA
State/County Penetration,
https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/MCRAdvPartDEnrolData/MA-State-County-Penetration
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