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CVS Pharmacy to Help Patients Understand Health Insurance Options During Medicare Part D Open Enrollment for 2017
Friday, October 14, 2016
WOONSOCKET, R.I., Oct. 14, 2016 /PRNewswire/ -- CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), announced today that it will offer an extensive array of in-store and online resources to assist senior patients in determining the best 2017 Medicare Part D prescription drug plan during the Annual Enrollment period. Open enrollment for Medicare Part D begins October 15 and ends December 7, 2016.
Convenient access to information about local and national Medicare Part D plans will be available to patients in both English and Spanish at all 9,600 CVS Pharmacy locations nationwide. In addition, more than 11,000 informational events will be held in select CVS Pharmacy stores across the country during the Open Enrollment period where representatives from local health plans will provide Medicare Part D information to eligible patients and answer any questions they may have.
CVS Pharmacy's online Health Insurance Information Center, www.cvs.com/Medicare, offers information on available Medicare Part D plans. The website features information that helps seniors find a plan in their community and guides them on how to enroll. For seniors evaluating Medicare Part D plans, they can enter their prescription information and zip code to compare plans available to them. Patients can also find a listing of store informational insurance events in their community.
"Selecting a Medicare Part D plan can be confusing and stressful for patients. That's why it's important they understand the many plan options available to them," said Kevin Hourican, Executive Vice President, Pharmacy Services and Supply Chain, for CVS Health. "By making our pharmacists available to help patients better understand their options and offering access to health insurance information at our stores and online, we're arming patients with the tools they need to determine which plan best meets their health care needs."
CVS Pharmacy does not endorse any specific Medicare Part D plan and accepts most major Medicare prescription drug plans. It is participating in several regional and national Part D preferred pharmacy networks which offer additional savings opportunities for Medicare beneficiaries, including no or low co-pays on generic medications.
During the Annual Enrollment period, Medicare beneficiaries can review their prescription coverage and enroll in a new plan for 2017 if they choose. Because Medicare Part D plans change each year and patients' individual prescription needs may change, comparing plans could save hundreds of dollars.
As patients evaluate the available prescription drug plans, it is important for them to consider their annual deductible, premium and co-payments, as well as which plans cover the prescriptions they are taking, any out-of-pocket expenses, and if their pharmacy is included in the plan.
About CVS Pharmacy
CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), is America's leading retail pharmacy with over 9,600 locations. It is the first national pharmacy to end the sale of tobacco and the first pharmacy in the nation to receive the Community Pharmacy accreditation from URAC, the leading health care accreditation organization that establishes quality standards for the health care industry. 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 Health is available at www.cvshealth.com.
SOURCE CVS Pharmacy