This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Walgreens To Provide Employer-Sponsored Health Insurance Through Aon Hewitt Corporate Health Exchange In 2014

Walgreens (NYSE:WAG) (Nasdaq:WAG) announced today that it will provide more than 160,000 eligible employees with employer-sponsored health insurance coverage in 2014 through its proprietary “Live Well Benefits Store,” a marketplace that is an outsourced solution through Aon Hewitt Corporate Health Exchange. The Walgreens program provides more health coverage choices and an opportunity for most employees to lower their out-of-pocket health care costs next year.

In addition, the new program allows Walgreens to continue offering health insurance and wellness benefits to its employees as the plan administrator, while providing tools and resources that help employees personalize coverage for themselves and their dependents. The plan members will also continue receiving access to Walgreens Healthcare Clinics for a $5 co-pay.

“Under this new program, employees will have expanded choices to personalize their health care coverage in a competitive environment, giving our diverse workforce the flexibility they need to meet their health care needs,” said Kathleen Wilson-Thompson, Walgreens senior vice president and chief human resources officer. “We will continue to invest in the health of our employees and their dependents while using a marketplace solution that offers a wide variety of plan options that meet the affordability standard of the Patient Protection and Affordable Care Act.”

The new program also continues Walgreens value-based pharmacy benefit for employees, which excludes prescriptions from plan deductibles. “Our experience has been that this approach to pharmacy benefit design is the best way to improve medication adherence and lower overall health care costs,” said Kermit Crawford, Walgreens president of pharmacy, health and wellness.

Walgreens anticipates that many of its retirees who are under age 65 and are eligible for company health care benefits will see reductions in their health care premiums and more plan options as well. Medicare-eligible retirees will see no changes in 2014.

The new program also provides an opportunity for Walgreen retirees who weren’t previously eligible for health care benefits to participate in affordable plan options through the “Live Well Benefits Store.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs