HARTFORD, Conn., Jun 04, 2012 (BUSINESS WIRE) -- Aetna AET -0.03% announced today a multi-year pharmacy benefit management agreement with Assurant Health, a leading provider of major medical, supplemental and fixed-benefit health plans for individuals, families and small employers. Aetna will deliver pharmacy benefit management solutions that will help manage costs and improve member health for Assurant Health's customers in the 47 states in which they do business. Assurant Health customers will also benefit from Aetna's agreement with CVS Caremark and their broad, national network of participating pharmacies, comprehensive pharmacy care support, and easy-to-use tools to manage their prescriptions. The agreement represents a full replacement of Assurant Health's current pharmacy benefit manager for the majority of its customers, and will be effective on January 1, 2013.

"We are very excited about this opportunity to expand into a new marketplace and demonstrate the value of our integrated pharmacy benefit management capabilities," said Laurie Brubaker, head of Aetna Pharmacy Benefit Management.

Assurant Health focuses on providing affordable health care coverage and services that help customers better manage their health care dollars.

"We understand consumers want clear information and tools to help them make cost-effective decisions when it comes to managing their health care budgets," said Adam Lamnin, president and CEO of Assurant Health. "We are pleased that our customers will have access to tools through Aetna and CVS Caremark that will help them make the most of their prescription benefits."

About Assurant Health

Assurant Health is the brand name for a family of health insurance products focused on providing a variety of affordable plan choices to consumers. The portfolio of health care products includes major medical, supplemental and fixed-benefit plans for individuals, families and small employers. Assurant Health is committed to providing access to convenient health care delivery, easy-to-understand products and value-added services that help customers better manage their health care dollars and get the most out of their coverage. Assurant Health's products are underwritten and issued by John Alden Life Insurance Company, Union Security Insurance Company and Time Insurance Company, which has been in business since 1892. Headquartered in Milwaukee, Assurant Health employs approximately 2,000 employees. www.assuranthealth.com

Additional Company Information

Assurant Health is part of Assurant, a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $27 billion in assets and $8 billion in annual revenue. www.assurant.com

About Aetna

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 .

SOURCE: Aetna