Humana Inc. (NYSE: HUM), one of the nation’s leading health and
well-being companies, and CVS/pharmacy, the retail division of CVS
Health (NYSE: CVS), announced today that Humana members with individual,
non-Medicare plans purchased from exchanges or humana.com are now able
to pay their health insurance premiums in cash, credit or debit via Bill
Pay at CVS/pharmacy, a new bill payment platform launched in
partnership between CVS/pharmacy and InComm earlier this year. Bill
Pay at CVS/pharmacy will help newly-insured people to maintain their
health insurance by providing an easy, convenient and fee-free method of
paying their monthly insurance bill.
Humana is the first health company to join Bill Pay at CVS/pharmacy, allowing
Humana members to make health insurance payments at any of
CVS/pharmacy's U.S. retail locations in approved states, at no
additional cost to them. Plan members can bring their barcoded health
insurance premium bills to any participating CVS/pharmacy and make a
payment. CVS will simply scan the barcode and collect the member’s
desired payment, which will be securely transferred to Humana. Payments
can be made using cash, credit card or debit card at cash registers in
the pharmacy or at front checkout.
“Providing access to innovative ways to manage health insurance premiums
is an example of how we are reinventing pharmacy for better health,"
said Josh Flum, Senior Vice President of Retail Pharmacy at CVS Health.
“We’re pleased to expand upon our existing partnership with Humana to
educate people about their health coverage options by taking this step
in providing even more of our customers with the quick and easy option
of making their health insurance payments in our stores.”
“Humana is proud to partner with CVS/pharmacy as part of our ongoing
commitment to helping people manage their health in new ways by
providing simple and accessible health experiences,” said Bruce
Broussard, President and CEO at Humana. “Our partnership with
CVS/pharmacy reflects our focus on bringing simplicity to today’s
complex health care environment, which includes providing people with
convenient access to their health information and the appropriate
education to make informed decisions.”
“Bill Pay at CVS/pharmacy provides an innovative payment option
for all types of consumers to regularly cover their monthly health
insurance premiums. This is a core goal of health reform, and Bill Pay
is a way that we can make the experience simpler, at no cost to the plan
member,” said David Vielehr, Vice President/GM, InComm Healthcare and
Affinity.
Bill Pay is powered by InComm Healthcare and Affinity’s Cashtie
and Enhanced Payment Platform, which combines open- and closed-loop
transaction networks with a Universal Product Code (UPC) level
rules-based engine. The rules-based payment platform provides a single
point of integration for third-party restricted-spend programs. For
retailers, the platform can support multiple sponsors, payment types and
payers for each program, significantly expanding the scope of the member
benefit, including opportunities for private, white label products. For
brands, it creates a new level of integration into the retail
experience. For more information, click
here.
Humana and CVS/pharmacy also have an existing multi-year retail
partnership announced last year that is designed to educate individuals
and their families about their health coverage options under the
Affordable Care Act (ACA). Through this partnership, Humana
representatives will once again answer questions people may have about
their health coverage options by conducting informational events at more
than 285 CVS/pharmacy stores throughout the 2015 Open Enrollment Period
where Humana is offering individual qualified health plans through
Federal and state individual market public exchanges.
Humana representatives also will be participating in CVS/pharmacy’s
health and wellness campaign, Project Health, again this year to answer
questions about health coverage under the Affordable Care Act in various
markets including Arizona, Florida, Georgia, Illinois, Kentucky,
Louisiana, Michigan, Ohio, Tennessee, and Texas.
About Humana
Humana Inc., headquartered in Louisville, Ky., is a leading health and
well-being company focused on making it easy for people to achieve their
best health with clinical excellence through coordinated care. The
company’s strategy integrates care delivery, the member experience, and
clinical and consumer insights to encourage engagement, behavior change,
proactive clinical outreach and wellness for the millions of people we
serve across the country.
More information regarding Humana is available to investors via the
Investor Relations page of the company’s web site at www.humana.com,
including copies of:
-
Annual reports to stockholders;
-
Securities and Exchange Commission filings;
-
Most recent investor conference presentations;
-
Quarterly earnings news releases;
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Replays of most recent earnings release conference calls;
-
Calendar of events (including upcoming earnings conference call dates
and times, as well as planned interaction with research analysts and
institutional investors);
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Corporate Governance information.
About CVS/pharmacy
CVS/pharmacy, the retail division of CVS Health (NYSE: CVS), is
America's leading retail pharmacy with more than 7,800 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.
About InComm
Leveraging deep integrations into retailers’ point-of-sale systems,
InComm provides connectivity to a variety of service providers that
allow consumers to conduct everyday business at more than 450,000 points
of retail distribution worldwide. Whether those consumers are activating
prepaid products, paying bills, enjoying real-time discounts through a
membership card, purchasing digital goods in-store or adding funds to an
online account, InComm is there to provide unique gift-gifting
opportunities, cater to on-the-go shoppers, deliver added value through
loyalty programs and serve cash-based consumers. With 186 global
patents, InComm is headquartered in Atlanta with a presence in over 30
countries in North and South America, Europe and the Asia-Pacific
region. Learn more at www.incomm.com
or connect with us on www.twitter.com/incomm,
www.facebook.com/incomm,
www.linkedin.com/company/incomm
or www.incomm.com/blog.
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