CVS Pharmacy to Help Patients Understand Health Insurance Options During Medicare Part D Open Enrollment for 2017

By a News Reporter-Staff News Editor at Managed Care Weekly Digest -- CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), announced 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 (see also CVS Pharmacy).

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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.

Keywords for this news article include: Medicare, CVS Pharmacy, Health Policy, Health Insurance.

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