Some health plan members will be able to pay their monthly premiums at local drug stores in a new program announced by CVS/pharmacy, the retail division of CVS Caremark.
The program, which will be rolled out later this spring, will let members of participating health insurance plans take their insurance bills to any of CVS/pharmacy's 7,600 stores nationwide to pay their premiums at no additional cost. The company said it is the first national retail pharmacy to offer the 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," Josh Flum, CVS Caremark's senior vice president of retail pharmacy, said in a press statement.
CVS/pharmacy partnered with InComm, a payment solutions company, to facilitate bill payments at cash registers in the pharmacy or at the front checkout areas. Health plan members who participate in the program will receive their monthly insurance premium bills with a customer-specific barcode and instructions on how to use it to pay their premiums. CVS will scan the barcode and collect the member's payment, which may be made using cash, credit card or debit card.
The stores also accept insurance bill payments from members of health plans that are enrolled in MoneyGram's bill payment service. Most CVS/pharmacy locations have MoneyGram phones or kiosks to facilitate a cash-only bill payment at a store's front checkout.