Retail News Breaks Archives
CVS lends hand in Part D plan comparisons
October 15th, 2013
WOONSOCKET, R.I. – With the start of the open enrollment period, CVS/pharmacy is offering seniors a convenient way to assess Medicare Part D prescription drug plans.
The drug chain said Tuesday that all stores nationwide can now create and print a Part D plan comparison in minutes for patients based on the prescriptions they fill at CVS.
In addition, patients who want to perform their plan comparison online or via phone can receive their own personal code from CVS to enter at cvs.com/medicare or by calling CVS at (877) 543-6656. Once entered, the code will automatically insert patients' current prescriptions to provide a personalized plan comparison in minutes.
The enrollment period runs Oct. 15 to Dec. 7. CVS noted that since Part D plans change annually and people's prescription needs may change, comparing Part D plans could results in savings of hundreds of dollars. Key items for seniors to consider include annual deductible, premium and co-payments, whether all prescriptions they are taking are covered, out-of-pocket costs, and whether their pharmacy is included in the plan.
"CVS/pharmacy's new plan comparison system provides patients with convenient ways to learn how much money they could save by choosing a new Medicare Part D plan based on their own prescription usage," Papatya Tankut, vice president of pharmacy affairs at CVS/pharmacy, said in a statement. "While pharmacists cannot recommend any specific Medicare Part D plan, we can help patients understand their options based on their individual needs."
Information from a selection of Part D plans in the local area will be available at Health Insurance Information Centers in all 7,500 CVS/pharmacy locations. The display also features information about local health plans participating in the Health Insurance Marketplace under the Affordable Care Act.
In addition, CVS' Medicare website provides resources and information for Medicare beneficiaries, including access to the Medicare Plan Finder, tips on when to consider choosing a new plan and how to lower prescription costs, and information to help Medicare Part B patients save money.
"CVS/pharmacy provides several ways to help Medicare Part B beneficiaries save money, too. For example, we accept all Medicare coverage for diabetes testing supplies, flu shots are available at all of our pharmacies at no cost to Part B patients, and we offer a wide range of durable medical equipment covered by Medicare Part B online at CVS.com," added Tankut. "By combining this with our resources for Medicare Part D beneficiaries, CVS/pharmacy is a comprehensive destination to help Medicare patients on their path to better health."