WOONSOCKET, R.I., May 25, 2010 /PRNewswire via COMTEX/ --CVS Caremark (NYSE: CVS) today announced that it has been named to Conceive magazine's annual "50 Best Companies" list, a showcase of employers who are leading the way in corporate America with their generous family-building benefits, despite the challenging economy.
Released in the Summer 2010 issue of Conceive, and available on www.ConceiveOnline.com, the list highlights U.S. companies that offer their employees the best benefits for starting or adding to their families. The rankings are based on the company's fertility and adoption coverage, including benefits for assisted reproductive technology (ART) and in vitro fertilization (IVF), infertility prescription drugs, paid parental leave, and cash reimbursement towards adoption expenses.
"At CVS Caremark one of our goals is to be the best company to work for and we have implemented many programs and initiatives to help us achieve that goal," said Lisa Bisaccia, Senior Vice President and Chief Human Resources Officer, CVS Caremark. "We have developed our benefits package to support our employees' dreams of starting a family in a variety of ways. Whether our employees give birth or choose to adopt, we have benefits available to help support them throughout their journey."
"Companies like CVS Caremark are raising the bar on the fertility and adoption coverage being offered by U.S. employers," said Beth Weinhouse, editorial director of Conceive. "We salute their commitment to their employees, and their employees' families."
While CVS Caremark offers many family-friendly benefits - offering financial adoption assistance, paid and unpaid leave for birth and adoptive parents, and coverage for infertility diagnostic procedures, fertility medications and assisted reproductive technologies up to $20,000 per employee - most employers still have a long way to go. According to the Society for Human Resource Management (SHRM), the percentage of companies that include IVF coverage has dropped from 28 percent in 2006 to 23 percent in 2009; and the percentage that offer adoption assistance has dropped from 22 percent in 2006 to only 10 percent in 2009.
For a complete list of Conceive's "50 Best Companies" and the benefits they offer, visit www.ConceiveOnline.com.
Conceiveis the only media voice that educates and informs women as they negotiate a major turning point in their lives -- the process of becoming parents. Through the quarterly Conceive magazine, ConceiveOnline.com, the Conceive On-Air radio show, books, and newsletters, the Conceive brand empowers women by providing them with the information they need to make the right family-building decisions for themselves. Conceive is part of Bonnier Corp.'s Parenting Group, publisher of Parenting and Babytalk magazines.
About CVS Caremark
CVS Caremark is the largest pharmacy health care provider in the United States. Through our integrated offerings across the entire spectrum of pharmacy care, we are uniquely positioned to provide greater access, to engage plan members in behaviors that improve their health, and to lower overall health care costs for health plans, plan sponsors and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country's largest pharmacy benefits managers (PBMs), we provide access to a network of more than 64,000 pharmacies, including approximately 7,000 CVS/pharmacy® stores that provide unparalleled service and capabilities. Our clinical expertise includes one of the industry's most comprehensive disease management programs. General information about CVS Caremark is available through the Company's Web site at http://info.cvscaremark.com.