WOONSOCKET, R.I., April 21, 2014 /PRNewswire/ --CVS/pharmacy, the retail division of CVS Caremark, announced today that it is launching an innovative new service, Bill Pay at CVS/pharmacy, to help customers manage their monthly health insurance premiums. Members of participating health plans can bring their insurance bills to any one of CVS/pharmacy's 7,600 stores across the U.S. to pay their premiums at no additional cost. CVS/pharmacy is the first national retail pharmacy to offer this service.
"Millions of Americans have enrolled in health insurance this year for the first time and we want to help with this transition by providing an easy way to pay their premiums in our stores," said Josh Flum, Senior Vice President of Retail Pharmacy at CVS Caremark. "Providing customers with this level of unprecedented access to manage their insurance premiums is part of our commitment to delivering innovative solutions to help people on their path to better health."
CVS/pharmacy has partnered with InComm to facilitate bill payments at all cash registers in the pharmacy or at front checkout. Members of health plans that participate in Bill Pay at CVS/pharmacy will receive their monthly premium bills featuring a customer-specific barcode and instructions on how it may be used to pay their premium. CVS will simply scan the barcode and collect the member's desired payment, which may be made using cash, credit card or debit card. Bill Pay at CVS/pharmacy will launch later this spring.
CVS/pharmacy also accepts insurance bill payments from members of health plans that are enrolled in MoneyGram's bill payment service. Most CVS/pharmacy locations are equipped with MoneyGram phones or kiosks to facilitate a cash-only bill payment at a store's front checkout.
CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS), is America's leading retail pharmacy with more than 7,600 CVS/pharmacy and Longs Drug stores. CVS/pharmacy is reinventing pharmacy to help people on their path to better health by providing the most accessible and personalized expertise, both in its stores and online at CVS.com. General information about CVS/pharmacy and CVS Caremark is available at http://info.cvscaremark.com.