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New for Medicare Part D Open Enrollment 2012, Rite Aid Unveils Value-Focused Prescription Drug Plan 'Rite Aid EnvisionRx Plus'

Rite Aid EnvisionRx Plus was designed to compete with the approximately 15 enhanced PDP plans available in each of the 31 states plus the District of Columbia where Rite Aid operates. As an enhanced coverage plan from Envision Insurance Company, a national Medicare Part D Prescription Drug Plan, Rite Aid EnvisionRx Plus is designed to offer beneficiaries the peace of mind of consistent price structure with:

• $0 deductibles before the plan coverage applies
• $0 co-pays on more than 500 generic medications - even when the beneficiary hits the coverage gap or so-called "donut hole" that can cause members of some PDPs to see prescription costs suddenly spike

Anyone who is new to Medicare Part D benefits - or those already enrolled in a plan - can select a PDP through Dec. 7. Known simply as "Open Enrollment," this period ends about a month earlier than past years so that Medicare officials can process plan choices before the new year, according to the government office overseeing Medicare, which further urges beneficiaries to review coverage every year since plan coverage and benefits change yearly. As the most common form of the federal program designed to help people over 65 and those with disabilities afford prescription coverage, Medicare Part D PDPs enroll 18.6 million beneficiaries, according to a September report by the Kaiser Family Foundation.

Medicare beneficiaries can enroll in Rite Aid EnvisionRx Plus or check if their regular medications are among the thousands covered by the plan by calling 1 (877) 309-4875, going online to www.envisionrxplus.com/riteaid or consulting with their regular Rite Aid pharmacist. As independent advisors, Rite Aid pharmacists also have access to a Medicare Advisor tool, which generates a printable report estimating the three lowest-cost plans based on the beneficiary's current prescriptions filled at Rite Aid locations. There are approximately 15 enhanced and 15 basic PDPs available in each state, but coverage, rates and selection vary. Medicare beneficiaries and their caregivers can also compare plans online at www.riteaid.com/medicareadvisor.

Rite Aid Corporation (NYSE: RAD) is one of the nation's leading drugstore chains with approximately 4,700 stores in 31 states and the District of Columbia and fiscal 2011 annual revenues of $25.2 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.

Rite Aid Corporation
Eric Harkreader, 717-975-5713
eharkreader@riteaid.com