Offering Competitive Benefits

Our company is committed to the health and financial security of our colleagues and offers a comprehensive benefits package, including personalized health care and investment options. Wages paid reflect the knowledge and experience required for a specific job.

Our part-time colleagues are eligible for a limited benefits package that includes medical, dental, vision and life insurance that are paid for by the colleague on a pre-tax basis. Full-time colleagues, those working an average of 30 hours per week or more (23 hours per week in CA), are offered a full benefits package, which includes a 401(k) and Employee Stock Ownership plan; comprehensive medical, prescription and dental coverage with contributions payable on a pre-tax basis, including prescription coverage; flexible spending accounts; tuition reimbursement; and an employee discount.

Wellness Program Your Health Matters

In 2008 we expanded our wellness program, Your Health Matters, to improve the quality of our employees' health and that of their dependents. As part of this effort, a variety of health initiatives, such as smoking cessation, nutrition, physical activity, flu shots and stress management, were added or enhanced.

Your Health Matters is part of a 2008 through 2010 plan that sets new “CVS Healthy” goals for our company and colleagues. The plan will be updated each year to include new initiatives and to measure our progress against three-year goals. Under the current plan we are working to achieve the following goals by December 2010:

• Engage 20 percent of employees who smoke in our Healthy & SmokeFree program
• Engage 50 percent of employees who are overweight or obese in a Healthy Weight program
• Engage 40 percent of employees in Healthy Mind, our new stress-management program
• Increase the mammogram and colon cancer preventive screening rate by at least five percent each year for a total increase of 15 percent
• Engage 80 percent of pregnant employees or dependents in the prenatal maternity management program

Overall, our strategy is twofold: encourage colleagues to be good consumers of health care and to choose healthier lifestyle options. Employees are educated about making better decisions through a variety of resources, including Care Advocate Teams of dedicated nurses, decision support tools, self-directed DVD programs, our quarterly wellness newsletter, the CVS Health Care Hub, health assessments such as Better You™ and disease management programs, among others. Lifestyle change programs utilize several methods to help colleagues to improve health behaviors, including onsite telephonic seminars, private face-to-face or telephonic coaching, rewards for community weight loss solutions, cafeteria “stop-bys,” online health improvement programs, and Shape Up the Nation exercise competitions.

We use a variety of communication methods to inform and encourage employees to participate in Your Health Matters. In addition to printed materials, such as posters, brochures and mailers, we provide information to employees on a public Web site, www.cvshealthcarehub.com and on the company intranet.

We also support Wellness Committees comprised of “champions” from each of our locations with more than 100 colleagues. Each of these locations has a Wellness Station that includes a bulletin board with various monthly health topics, a blood pressure machine and a scale. In locations with e-mail access, we broadcast a monthly calendar of events promoting upcoming wellness programs, such as exercise classes, biometric screenings or wellness campaigns. In several locations, we also utilize internal television screens to broadcast health improvement initiatives in high-traffic areas.

Moving Ahead
In 2009, we will continue to support our colleagues and provide a healthy work environment, while also increasing our efforts to better understand their health needs. Specific goals include:

• Support our colleagues’ health by making our corporate headquarters a Smoke-Free Campus.
• Survey our employees in a Health Risk Questionnaire to better understand their health needs and allow colleagues to share their information with their Primary Care Providers.
• Help employees become mindful, intuitive eaters by introducing Am I Hungry?, a new paradigm in weight management that is not a diet.
• Encourage more employees to participate in healthy behaviors by expanding Shape Up Rhode Island to a nationwide program.
• Track and report on our progress to achieve healthy goals.