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CVS Now Accepts Medicare Part B Assignment for Diabetes Testing Products; CVS 1st National Pharmacy Retailer to Accept Coverage for All Products.



WOONSOCKET, R.I., Dec. 10 /PRNewswire/ -- CVS/pharmacy announced that it accepts assignment on Medicare Part B diabetic testing supplies for all diabetic testing products.

CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file.  customers purchasing diabetic testing supplies covered under Medicare Part B will no longer have to assume the entire out-of-pocket cost for these supplies while waiting for reimbursement from Medicare. This decision also makes CVS the only national pharmacy retailer to accept Medicare assignment for all diabetic testing supplies.

"CVS will now bill Medicare directly for diabetes testing supplies so there will be little out-of-pocket cost to Medicare insured customers, as they will no longer have to wait for their money from Medicare and their lives will be easier because they won't have to fill-out complicated reimbursement forms," said Jim Smith There are several famous people with the name Jim Smith, including:
  • Jim Smith, a football (soccer) player and later manager, currently in charge of Oxford United.
  • Jim Smith, former NFL and USFL wide receiver
, R.Ph., Senior Vice President of Health Care Services.

CVS acceptance of Medicare Part B for testing supplies also is an improvement over diabetes supply mail order services. "With CVS, you don't have to wait for your supplies or worry when they run out," said Smith.

When a pharmacy is unwilling to accept Medicare Part B Assignment for diabetes testing supplies, customers must pay 100% of the cost for the supplies, fill out forms and submit the forms via mail to Medicare for reimbursement and wait to receive their reimbursement check for 80% of their costs (the remaining 20% represents the customer's co pay). And while some pharmacies accept Medicare Part B assignment, they do not accept assignment for all diabetes testing supplies.

"We are the first and the only national pharmacy retailer to accept assignment for all diabetes testing supplies. When it comes to helping our Medicare-eligible diabetic customers, CVS is the easiest pharmacy in America for customers to use," said Smith.

CVS customers who purchase diabetes testing supplies spend on average over $2,200 per year on these supplies, which include: lancets, testing strips, blood glucose blood glucose Diabetology The principal sugar produced by the body from food–especially carbohydrates, but also from proteins and fats; glucose is the body's major source of energy, is transported to cells via the circulation and used by cells in the presence  meters and alcohol swabs.

Celebrating 40 years of dynamic growth in the retail pharmacy industry, CVS is committed to being the easiest pharmacy retailer for customers to use. With approximately 4,100 stores in 32 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , CVS has also created innovative approaches to serve the healthcare needs of all its customers through its online pharmacy, CVS.com and its pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims.  and specialty pharmacy subsidiary, PharmaCare Management Services. General information about CVS is available through the Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 portion of the Company's website, at http://investor.cvs.com/.
  Contact:
   CVS Corporation
   Todd Andrews
   Director of Corporate Communications
   (401) 770-5717



CONTACT: Todd Andrews, Director of Corporate Communications, CVS Corporation, +1-401-770-5717

Web site: http://www.cvs.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Dec 10, 2003
Words:435
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