We have been made aware of a situation in which employees have received letters from MetLife informing them that their critical illness insurance has been cancelled. Please note that these letters were sent out in error. Learn more.
Needs Review Not Apprvd
FAQs for proposed CVS-Aetna Merger
On Sunday, December 3, 2017 CVS Health and Aetna announced a merger agreement.
The Division does not have any additional information about the proposed merger at this time, but will continue to monitor new developments and provide updates as they become available. It is important to note that this is a merger agreement and has not been finalized.
Aetna is currently the Third-Party Administrator (TPA) for the AlaskaCare employee and retiree medical plans and has subcontracted with CVS/Caremark to provide Pharmacy Benefit Management (PBM) services.
How does this impact my AlaskaCare plan?
The Division does not anticipate any impact to the health plans at this time, but will continue to monitor the situation as it develops to ensure there is no impact to the membership.
As a self-insured plan AlaskaCare contracts with a TPA to administer claims and complete other administrative functions. Aetna is currently the TPA for the AlaskaCare employee and retiree medical plans and has subcontracted with CVS/Caremark to PBM services.
Seminar: Supplemental Annuity Plan & Deferred Compensation Plan
Join us May 10, 2024 for a Supplemental Annuity Plan & Deferred Compensation Plan Seminar.
Read MoreAlaskaCare Retiree Town Hall-April
Please join us for a Town Hall event April 18, 2024, 10 a.m. Alaska Time.
Read MoreSeminar: The Retirement Process – Public Employees' Retirement Plan (PERS)
Join us May 2, 2024 for The Retirement Process – Public Employees' Retirement Plan (PERS) Seminar.
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