WOONSOCKET, R.I. — CVS/pharmacy announced on Monday that it is launching later this spring a new service, dubbed 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 United States 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," stated Josh Flum, SVP 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 scan the barcode and collect the member's desired payment, which may be made using cash, credit card or debit card.
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.