CVS Caremark will implement new programs for The Principal that offer lower drug prices, pharmacy discounts, and access to health care services through MinuteClinic, a subsidiary of CVS Caremark.Members now have in-network access to MinuteClinic, the largest provider of retail-based health care in the U.S., with more than 500 clinics in 25 states, the announcement said.
Members with health coverage from The Principal will also receive a new CVS Caremark ExtraCare Health Card that provides a 20% discount on more than 1,300 FSA-eligible, CVS-exclusive products at CVS/pharmacy stores and online at CVS.com.
“In the ongoing battle to fight rising health care costs, we ‘ re looking at a variety of ways to pass on savings to our customers and their employees. This allows us to have a direct impact on claim cost savings, which we see as a huge victory, “ said Ray Webster, chief medical officer for the Principal Financial Group, in the release. “ At the same time we ‘ ve lowered drug costs, we ‘ ve also added new benefits, giving members access to even greater savings and faster access to care. “