SilverScript Insurance
SilverScript Insurance is a Medicare Part D prescription drug plan provider operating as a subsidiary of CVS Health Corporation through Aetna, serving Medicare-eligible beneficiaries with prescription drug coverage integrated into CVS's pharmacy network.
- Company typePrivate
- Founded2005
- HeadquartersNashville, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What SilverScript Insurance does
SilverScript Insurance is a Medicare Part D prescription drug plan (PDP) provider operating as a wholly owned subsidiary of CVS Health Corporation through Aetna Inc. The company offers standalone Medicare Part D coverage designed for Medicare-eligible beneficiaries aged 65 and older and individuals with qualifying disabilities, providing access to brand-name and generic medications through tiered copay structures and an extensive pharmacy network anchored by CVS retail locations.
The core product is the SilverScript prescription drug plan, administered through Aetna's Medicare platform and distributed via Medicare.gov's Plan Finder, direct online enrollment through Aetna's Medicare website, and licensed insurance agents and brokers specializing in Medicare products. Underlying technology consists of a Medicare Part D plan administration platform that integrates with CVS Health's pharmacy benefit management (Caremark) and retail pharmacy infrastructure to manage enrollment, formulary, claims, and pharmacy fulfillment.
SilverScript generates revenue primarily through recurring monthly premiums paid by Medicare beneficiaries, supplemented by government subsidies under the Medicare Part D program. In 2025, net premium written growth was driven by structural changes to Medicare Part D under the Inflation Reduction Act. The company is financially supported by CVS Health, which has provided capital contributions to stabilize the Aetna Medicare segment, and Aetna subsidiaries (including those covering SilverScript operations) carry an AM Best A (Excellent) Financial Strength Rating reflecting strongest risk-adjusted capitalization and improved 2025 earnings.
SilverScript Insurance firmographics
Firmographics- Name
- SilverScript Insurance
- Website
- https://silverscript.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SilverScript Insurance is a Medicare Part D prescription drug plan provider operating as a subsidiary of CVS Health Corporation through Aetna, serving Medicare-eligible beneficiaries with prescription drug coverage integrated into CVS's pharmacy network.
- Ownership category
- akta.pro rank
SilverScript Insurance industry classification
Industry- Product category
- Medicare Insurance
- NAICS
- Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Medicare Part D Prescription Drug Plans (PDP) (FSAIAGAC)
- akta.pro secondary industry
- MA Prescription Drug Plans (MA-PD) (HLAEACAF)
Keywords
Where SilverScript Insurance is headquartered
LocationHeadquarters
- HQ city
- Nashville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SilverScript Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Medicare Part D Insurance Premiums: SilverScript generates revenue through insurance premiums paid by Medicare beneficiaries enrolled in its prescription drug plans. Premium revenue is supplemented by government subsidies under Medicare Part D program. In 2025, net premium written growth was driven by government programs from Medicare Part D changes under the Inflation Reduction Act.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | SilverScript prescription drug plan tiers based on coverage level |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels1 record
SilverScript Insurance product offering
Product offeringCore offering
SilverScript Insurance offers Medicare Part D prescription drug plans that provide coverage for prescription medications to Medicare-eligible beneficiaries. The plans cover both brand-name and generic medications with tiered copay structures and are offered through Aetna's Medicare platform. SilverScript operates as a subsidiary of CVS Health Corporation and leverages CVS's extensive retail pharmacy network for prescription fulfillment.
Product overview
SilverScript Insurance is a Medicare Part D prescription drug plan provider operating as a subsidiary of CVS Health Corporation. The company offers Medicare prescription drug coverage plans, functioning as part of the Aetna and CVS Health ecosystem of health insurance products. The primary offering consists of Medicare Part D prescription drug plans designed to help beneficiaries cover the cost of medications.
Differentiator
Problem solved
Functional benefit
Products and services
- SilverScript Medicare Part D Prescription Drug Plans
Quantifiable outcome
- AM Best A (Excellent) rating reflects strongest level of risk-adjusted capitalization for Aetna subsidiaries including SilverScript operations
Companies that use SilverScript Insurance
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
SilverScript Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SilverScript Insurance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CVS Health CorporationcoreSilverScript Insurance operates as a wholly owned subsidiary of CVS Health Corporation. CVS Health provides capital contributions, operational support, and strategic direction for the Medicare Part D prescription drug plan business. The relationship allows SilverScript to leverage CVS Health's extensive pharmacy network and healthcare infrastructure.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
SilverScript Insurance competitors and assessment
Company assessmentDirect peers
- UnitedHealthcare (UnitedHealth Group): UnitedHealthcare is the largest US Medicare Part D plan sponsor, offering AARP-branded Part D plans. It is a direct competitor to SilverScript in the standalone Medicare Part D prescription drug plan market, with comparable product structure and distribution through Medicare.gov and agent channels.
- Humana: Humana is one of the largest Medicare Advantage and Part D plan sponsors, offering standalone PDPs (Humana Basic Rx, Walmart Value Rx) that directly compete with SilverScript. Both companies target Medicare-eligible beneficiaries through similar distribution channels and product tiers.
- Cigna (Express Scripts): Cigna offers Medicare Part D prescription drug plans through Express Scripts, competing directly with SilverScript. Both integrate PBM infrastructure with Part D plan offerings, and both target Medicare beneficiaries through similar direct and broker channels.
- Wellcare (Centene): Wellcare is a major Medicare Part D and Medicare Advantage plan sponsor owned by Centene, directly competing with SilverScript in the standalone PDP market. Both companies leverage extensive pharmacy networks and serve price-sensitive Medicare beneficiaries.
- Anthem Blue Cross Blue Shield (Elevance Health): Anthem/Elevance Health offers Medicare Part D prescription drug plans across multiple states, directly competing with SilverScript for Medicare beneficiaries. It is one of the larger national Part D plan sponsors with comparable geographic and product breadth.
- Mutual of Omaha: Mutual of Omaha offers Medicare Supplement and Part D prescription drug plans, directly competing with SilverScript in the senior insurance market with a focus on member service and stable pricing. Comparable in targeting Medicare-eligible consumers across multiple states.
Broad incumbents
- Aetna (CVS Health): Aetna is the direct parent of SilverScript and a broad incumbent in Medicare insurance, offering Medicare Advantage, Part D, and Medicare Supplement plans. While SilverScript is a brand under Aetna, the broader Aetna Medicare portfolio defines the competitive positioning of the SilverScript offering.
- CVS Caremark (CVS Health): CVS Caremark is the pharmacy benefit manager owned by CVS Health that powers SilverScript's formulary and drug pricing infrastructure. It is a broad incumbent in PBM and a key operational enabler of SilverScript's distribution and claims management capabilities.
Emerging players
- Clear Spring Health: Clear Spring Health is a smaller, growth-focused Medicare Advantage and Part D plan sponsor that competes with SilverScript in select states. As an emerging player, it represents a niche competitor with partial overlap in target market and product offering.
- Elixir Insurance: Elixir Insurance offers Medicare Part D plans as a smaller, niche-focused carrier. It is an emerging player with partial overlap with SilverScript, primarily competing in select regional markets and on price-sensitive segments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
SilverScript Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
SilverScript Insurance leadership team
Management profileNumber of profiles
SilverScript Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SilverScript Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SilverScript Insurance
What does SilverScript Insurance do?
SilverScript Insurance offers Medicare Part D prescription drug plans that provide coverage for prescription medications to Medicare-eligible beneficiaries. The plans cover both brand-name and generic medications with tiered copay structures and are offered through Aetna's Medicare platform. SilverScript operates as a subsidiary of CVS Health Corporation and leverages CVS's extensive retail pharmacy network for prescription fulfillment.
Is SilverScript Insurance a public or private company?
SilverScript Insurance is a private company. It is classified as corporate owned and is currently operating.
When was SilverScript Insurance founded?
SilverScript Insurance was founded in 2005. It employs 11 to 50 people.
Where is SilverScript Insurance based?
SilverScript Insurance is headquartered in Nashville, United States, in the North America region.
How does SilverScript Insurance make money?
One revenue line is on record: medicare Part D Insurance Premiums.
Who are SilverScript Insurance's main competitors?
Direct peers on record are UnitedHealthcare (UnitedHealth Group), Humana, Cigna (Express Scripts), Wellcare (Centene), Anthem Blue Cross Blue Shield (Elevance Health) and Mutual of Omaha. Broad incumbents are Aetna (CVS Health) and CVS Caremark (CVS Health). Emerging players are Clear Spring Health and Elixir Insurance.
Does SilverScript Insurance have an API?
No public API is recorded for SilverScript Insurance.
What industry is SilverScript Insurance in?
SilverScript Insurance's product category is Medicare Insurance. Its primary akta.pro industry code is FSAIAGAC, Medicare Part D Prescription Drug Plans (PDP), with a secondary code of HLAEACAF, MA Prescription Drug Plans (MA-PD). Its NAICS code is 524114 and its SIC code is 6324.